SJVN share price: Solar equipment manufacturer Satvik Solar has supplied 70.2 MW capacity solar PV modules to public sector hydroelectric power company SJVN Limited for its project. Meanwhile, SJVN shares closed at Rs 131.50 on Thursday. The stock remained in the red as compared to the previous day. On 5 February 2024, the stock had gone up to Rs 170.45. This is the 52-week high of the stock. At the same time, the 52-week low of the stock is Rs 63.38. This price was on 26 October 2023.
Deal details
SJVN Limited said – Satvik Solar has supplied 70.2 MW capacity high efficiency mono PERC 545 Wp (watt peak) solar photovoltaic (PV) modules for SJVN’s solar project in Punjab. The supply was completed in a record four months, which reflects Satvik Solar’s commitment to accelerate the country’s clean energy transition. Satvik Solar’s high efficiency mono PERC modules are critical for the timely execution and optimal performance of SJVN’s Punjab project.
What did the official of Satvik Solar say
Prashant Mathur, Chief Executive Officer, Satvik Solar said, “Our successful supply to SJVN demonstrates our ability to support large-scale solar projects with cutting-edge technology.” He said that our partnership with SJVN strengthens our market position. The company has a state-of-the-art module manufacturing plant with a capacity of 3.8 GW in Ambala, Haryana.
target price of the stock
Brokerage firm Goldman Sachs has maintained a “sell” recommendation on SJVN Limited. However, the global firm has increased its target price on the stock from ₹ 75 to ₹ 85. In this context, the stock is expected to fall by 35%.
