Page 14 - CV June-July 2023 Issue

SJVN BAGS 100 MW SOLAR POWER

PROJECT IN RAJASTHAN

tate-owned SJVN Ltd has bagged 100 MW solar power
project worth Rs 600 crore from Rajasthan Urja Vikas
SNigam Ltd. SJVN Green Energy Ltd (SGEL), a wholly-
owned subsidiary of SJVN, participated in an open competitive
tariff bidding process followed by e-Reverse Auction (e-RA)
organised by Rajasthan Urja Vikas Nigam Ltd (RUVNL).
Nand Lal Sharma, Chairman & Managing Director of SJVN,
informed in a statement that SJVN has bagged 100 MW State
Transmission Utility (STU) connected solar power project in
Rajasthan.

SGEL bagged the project at a tariff of Rs 2.62 per unit on Build
Own and Operate (BOO) basis in the bidding process, the
statement said on Friday.

OBEROI REALTY REPORTS RS 480

CRORE NET PROFIT IN JANUARY-MARCH

O beroi Realty has reported consolidated net profit of Rs and employees focus on the quality of space. In the coming year,
the company is looking forward to the launch of new projects and
480.16 crore for the quarter ended March as against
Rs 232.78 crore a year ago. Revenue for the quarter entry into new markets. Shares of Oberoi Realty closed at Rs
975.50, down 1.2% over previous close.
also rose to Rs 995.11 crore from Rs. 842.94 crore from a year
ago.

The consolidated net profit for the financial year 2022-23 rose to
Rs 1,903.93 crore as against Rs 1,047.87 crore a year ago.
Revenue for the year stood at Rs. 4,293.20 crore as against Rs
2,752.42 crore for 2021-22.

"Demand for housing has continued to grow, driven by the
aspiration of continued home ownership by end users. Industry
consolidation has led to incremental market share gains for
organised players. The retail segment is experiencing
phenomenal footfalls and strong growth across consumption,"
said Vikas Oberoi, CMD, Oberoi Realty.
He expects a sustained interest in Grade-A offices as occupiers

CONSTRUCTION VISION 12 JUNE-JULY 2023