Shares of SJVN soared more than 7% in Friday’s trading session following the announcement of a significant order win. The company has received a Letter of Intent (LoI) from the Government of Mizoram for the Darzo Lui Pumped Storage Project. Valued at approximately Rs 13,950 crore, this project will have an installed capacity of 2,400 MW and will be developed across the Darzo Nallah, a tributary of the Tuipui river.
The contract, expected to be completed within 72 months, includes estimated costs of Rs 13,947.50 crore, covering construction and financing. The formal agreement between SJVN and the Government of Mizoram is set to be signed within three months.
As of 12:28 PM, SJVN shares were trading 7.18% higher at ₹151.16 on the NSE.
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