SJVN incorporates yholly-owned subsidiary company; stock ends flat

31 Mar 2022 , 04:00 PM

SJVN Limited has incorporated a Wholly-Owned Subsidiary Company named ‘SJVN Green Energy Limited’ vide certificate of incorporation dated March 30, 2022 issued by the Ministry of Corporate Affairs, Government of India.

“The wholly-owned subsidiary company shall carry out business in the field of Power Generation in particular Solar Parks/Projects, Wind Projects & Hybrid Projects including Battery Energy Storage System (BESS), assets creation in Wave, Biomass, Small Hydro (being RE) and Green Hydrogen based business ventures,” company said in a filing on Thursday.

The approvals were taken from authorities like NITI Aayog, DIPAM (Department of Investment and Public Asset Management), Ministry of Finance, Ministry of Power, Government of India etc.

SJVN Ltd ended at Rs27.40 per share up by Rs0.1 or 0.37% from its previous closing of Rs27.30 per share on the BSE.