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JSW Energy has won a 700 MW solar project from SJVN, increasing its total capacity to 11 GW. The project, secured by subsidiary JSW Neo Energy, is part of a tariff-based competitive bid for setting up 1,500 MW ISTS-connected solar power projects. The company aims to achieve 9.8 GW operational generation capacity by 2024 and reduce its carbon footprint by 50% by 2030.
The project - worth Rs. 13.15 crores - aims to generate 2.62 GW of power per year. PM Modi will also inaugurate this project on Thursday.
SJVN secures the deal from Gujarat Urja Vikas Nigam for its wholly owned subsidiary, SJVN Green Energy, , stock market, nifty, sensex, national stock exchange, sjvn, SJVN Green Energy, New order, solar power projects, retail investors, Intraday
In a turnaround on Friday, the Sensex snapped its three-day losing streak, propelled by a 'buy on dips' approach and positive global cues. Earlier in the week, Indian benchmark indices fell sharply, primarily influenced by HDFC Bank's lack lustre quarterly results. On Wednesday, Sensex plummeted 1,628 points, while NSE Nifty plunged 460 points or 2.09% to close at 21,572. This was the the most significant percentage drop in the last 18 months.
RVNL shares ended 1.31% higher at Rs 223.5 on Tuesday on BSE. Market cap of RVNL rose to Rs 46,912 crore.