STOCKWATCH
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Power Generation
Joint Venture8 Apr 2024, 10:28 pm

SJVN Ltd Announces Joint Venture with Assam Power Distribution Company

AI Summary

SJVN Ltd has announced the execution of a Joint Venture Cum Shareholders Agreement with Assam Power Distribution Company Limited. The agreement, signed on 8th April, 2024, aims to develop Renewable Energy Projects/Parks within APDCL/SGEL or SJVN command area and on a pan-India basis. SJVN Green Energy Limited (SGEL), a wholly owned subsidiary of SJVN Ltd, will hold a 51% shareholding in the joint venture company. No related party transactions are involved, and the agreement does not require any specific disclosures upon termination or amendment.

Key Highlights

  • SJVN Ltd enters Joint Venture with Assam Power Distribution Company
  • SGEL, a wholly owned subsidiary of SJVN Ltd, signs agreement
  • Joint Venture aims to develop Renewable Energy Projects/Parks
  • SGEL holds 51% shareholding in joint venture company
  • No related party transactions involved
SJVN
Power Generation
SJVN Ltd

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