The Government of India has awarded a major order to SJVN, a leading PSU in the power sector, for the production of 25,000 MW of electricity. This announcement has brought a wave of joy among investors.
SJVN (Satluj Jal Vidyut Nigam)
SJVN is a major energy-producing company primarily generating power from hydroelectric projects. The company is now also venturing into thermal power, wind power, and solar power projects. Currently, SJVN’s energy production capacity is 2,377 MW.
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- Market Cap: ₹56,514.38 crore
- Share Price: ₹143.81
- 52-Week High: ₹161.45
- 52-Week Low: ₹52.75
- Growth in the Last 5 Years: 494.26%
- Growth in the Last 3 Years: 423.9%
- Growth in the Last Year: 161.24%
Index
Development of 669 MW Hydroelectric Project
On August 2, SJVN announced that it received approval from the Modi Cabinet for the Lower Arun Hydroelectric Projects (LAHEP). This project will be developed on the Arun River in the Sankhuwasabha district of Nepal. The project will have four units, each with a production capacity of 167.25 MW, totaling 669 MW of hydroelectric power.
Key Points:
- Project Name: Lower Arun Hydroelectric Projects (LAHEP)
- Location: Sankhuwasabha, Nepal
- Total Units: 4
- Production Capacity per Unit: 167.25 MW
- Total Production: 669 MW
Financial Information of the Project
The Modi Cabinet has approved ₹5,792.36 crore for this project. The tariff for the project has been set at ₹4.99 per unit. The project will be developed under the BOOT (Build-Own-Operate-Transfer) model with the cooperation of the Government of India and the Ministry of Power.
Financial Details:
- Project Cost: ₹5,792.36 crore
- Tariff: ₹4.99 per unit
- Model: BOOT (Build-Own-Operate-Transfer)
Target of 25,000 MW by 2030
SJVN aims to achieve an energy production capacity of 25,000 MW by 2030 and 50,000 MW by 2040. The company’s total project portfolio is 56,663 MW.
Targets:
- By 2030: 25,000 MW
- By 2040: 50,000 MW
- Total Project Portfolio: 56,663 MW
- Current Production Capacity: 2,377 MW
- Under Construction: 858 MW
- Pre-construction: 13,786 MW
- Under Allocation: 35,642 MW
March Quarter Report
In the recently released March quarter report, SJVN’s revenue declined to ₹482.91 crore from ₹503.77 crore in the same quarter last year.
Quarterly Report:
- March Quarter Revenue: ₹482.91 crore
- Revenue for the Same Quarter Last Year: ₹503.77 crore
- Annual Decline: 4.14%
The company’s net profit also declined to ₹74.25 crore from ₹147.96 crore in the same quarter last year.
Net Profit:
- March Quarter Net Profit: ₹74.25 crore
- Net Profit for the Same Quarter Last Year: ₹147.96 crore
- Annual Decline: 49.82%
Conclusion
With its new projects and ambitious targets, SJVN has taken a significant step in energy production. The government’s approval and investor support are crucial motivations in this direction.
Project | Location | Production Capacity (MW) | Cost (₹ crore) |
---|---|---|---|
LAHEP | Nepal | 669 | 5,792.36 |
SJVN’s efforts will not only increase energy production but also make a significant contribution to the country’s energy security.