The Gujarat Urja Vikas Nigam Limited (GUVNL), incorporated as a Government of Gujarat Company, is engaged in the business of bulk purchase and sale of electricity, supervision, coordination and facilitation of the activities of its six subsidiaries companies.
The fluctuations in the share prices of these three companies were observed after they received significant orders from GUVNL on Thursday.
Following are the details about the orders received by the particular company including the amount, purpose, and more.
NHPC Limited
Share price of this large-cap stock jumped by 3.23 percent on NSE to Rs. 87.8 in the trading session of March 15th, compared to the previous closing price of Rs. 85.05.
According to the filings on the stock exchanges, GUVNL issued a Letter of Intent (LoI) to NHPC Limited for a 200 MW capacity Solar Power Project worth ~Rs. 846.66 crore, within the 1125 MW RE Park of Gujarat State Electricity Corporation Limited (GSECL) located at Khavda.
With a market capitalisation of Rs. 83,273 crores, in the last one year, the company has delivered about 102.8 percent of multibagger returns and around 52.01 percent of positive returns in the last six months. So far in 2024, it has given positive returns of around 25.93 percent.
Incorporated in 1975, NHPC Limited, the largest hydropower development organization in India, is primarily involved in the generation and sale of bulk power to various Power Utilities.
KPI Green Energy Limited
The power generation company has emerged as the successful winner in the GUVNL tender for the development of the 50 MW Wind-Solar Hybrid Power Project, comprising 16.80 MW wind and 50MW solar.
The Power Purchase Agreement (PPA) with GUVNL will only be executed after obtaining the approval of the Gujarat Electricity Regulatory Commission (GERC), as per the recent filings on the stock exchanges,
Share price of this small-cap stock moved up by nearly 3.7 percent on NSE to Rs. 1,544 in the trading session of Friday, compared to the previous closing price of Rs. 1,489.
With a market capitalisation of Rs. 8,728 crores, in the last one year, the company has delivered multibagger returns of about 390.2 percent and around 153.5 percent returns in the last six months. So far in 2024, it has given positive returns of around 52.1 percent.
KPI Green Energy Limited, previously known as KPI Global Infrastructure Limited, is the solar and hybrid vertical of KP Group.
Under the brand name of ‘Solarism’, the company develops, builds, owns, operates and manages solar and hybrid power plants as an Independent Power Producer (IPP) as well as a service provider to Captive Power Producer (CPP).
JSW Energy Limited
JSW Neo Energy Limited, a wholly-owned subsidiary of JSW Energy, received a LoI for a solar capacity of 300 MW from GUVNL, against Tariff based Competitive Bid for setting up of 1,125 MW grid-connected solar power project in RE Park of GSECL at Khavda.
Share price of this large-cap stock jumped by nearly 4% on BSE to Rs. 494.9 in the trading session of Friday, compared to the previous closing price of Rs. 475.85.
In the last one year, the company has delivered positive returns of about 92.5 percent and around 1.91 percent returns in the last six months. So far in 2024, it has given positive returns of around 20.3 percent.
With a market capitalisation of Rs. 81,082.5 crores, at 02:50 p.m. the shares of JSW Energy Limited were trading in the green at Rs. 495.6, up by nearly 3.93%.
Incorporated in 1994, JSW Energy Limited is one of India’s leading power companies and is engaged in the generation of thermal power, hydropower, wind power and solar power.
Written by Shivani Singh
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