Posted by Good news for Power PSU Stock target price 2025,2026,2027, 270% return in 1 year after getting a big order of 1352 MW.
The news that Power PSU stocks have gotten a massive order of 1352 MW is quite positive. With this large order, the business has made a respectable 270% return in just a single year. Investors should rejoice at this news since it may increase the company’s guidance and cause the stock to surge even higher.
In India, public sector enterprises (PSUs) hold a significant amount of control over the power sector. These “power PSUs” are a few government-owned businesses that oversee the electricity sector in this country. These companies’ equities are exchanged on the exchanges. These businesses manage a sizable portion of the nation’s power production, transmission, and distribution. “Power PSU Stock” is the name given to their share equities.
The good news is that SJVN, a public power provider, has secured a large order for solar power projects totaling 1352 MW. Numerous areas in Maharashtra, including Nashik, Solapur, Ahmednagar, and Pune, will see the development of these projects. The Maharashtra government’s Chief Minister Solar Krishi Vahini Scheme is the primary driver behind this directive. This had an impact on SJVN shares as well, and they ended the day at Rs 122, up 2.5 percent. This company is a multibagger stock that has produced gains of 270% over the past 12 months.
Indian Infotech Share Price Target 2024, 2025, 2027, 2030, 2040
SJVN Order Details
According to information received on BSE website, SJVN Green Energy Limited (SGEL), a subsidiary of SJVN Ltd, has received a big order. MSEB Agro Power Limited had floated a tender for 1500 MW solar power project, in which SGEL has got the project of 1352 MW. This order and scheme has been received under PM-KUSUM scheme. It is clear that SJVN Green Energy Limited has got an important project in the solar power sector, which is as per the Government’s Urja Swarajya Yojana.
SJVN will require Rs 7436 crore to develop solar power projects, of which the government will spend 30%. The company has big goals in mind for the future, which include developing power projects capacity of 25000 MW by the year 2030 and 50000 MW by the year 2040. The government aims to generate 50 percent energy from non-fossil fuels by 2030.
SJVN Share Price History
SJVN’s stock is attracting special attention in the market as it has recently closed at Rs 122 and gained two per cent in seven days. The stock had reached its highest level on February 5 and made a new high of Rs 170, but then it has performed well even after falling 30% from that level. Till this year, this stock has provided returns of 31 percent, 92 percent in six months, 270 percent in one year and 335 percent in two years, thereby giving good profits to the investors.
(Note: This is not an advice to invest in stocks, please consult your advisor before investing!)