Page 3 - Sjvn

This state-owned power generation stock has zoomed 100% in 3 months

Shares of SJVN hit a new high of Rs 73 on rallying 14% today after the company signed a power purchase agreement with Bhakra Beas Management Board for developing a solar project

SJVN gets letters of award to build 3 solar projects of 320 MW in Assam

State-owned SJVN Ltd on Tuesday said it has received letters of award for three solar projects worth Rs 1,900 crore from Assam Power Development Corporation. These projects, with a cumulative capacity of 320 MW, will be developed by an SJVN arm, SGEL, on a build, own and operate basis. "The SJVN has received separate Letter of Awards (LoA) for executing three solar projects of 320 MW of cumulative capacity from Assam Power Development Corporation Ltd (APDCL)," a company statement said. According to the statement, the SJVN participated in three separate tariff-based competitive bidding tenders of APDCL for 50 MW, 70 MW and 200 MW solar projects. The 50 MW and 70 MW solar projects have been allotted at a tariff of Rs 3.92 per unit and will be developed under the solar park category. The third solar project of 200 MW capacity has been allotted at a tariff of Rs 3.90 per unit and will be developed anywhere in Assam. All the projects shall be developed by SJVN through its wholly-owned

TV18 Broadcast, TTML, SJVN: 5 stocks under Rs 100 that can rally up to 50%

SJVN, Tata Teleservices (Maharashtra) and TV18 Broadcast may rise 50 per cent on resilient charts

SJVN hits new high, up 5% on securing new orders

The stock has rallied over 90 per cent so far in FY24 on the back of strong order inflows.

SJVN inks two agreements to supply 1,200 MW solar power to Punjab

State-owned SJVN Ltd has inked two pacts with Punjab State Power Corporation Ltd (PSPCL) to supply 1,200 MW of solar power from its projects, Punjab Chief Minister Bhagwant Mann said here on Thursday. Satluj Jal Vidyut Nigam signed two power purchase agreements (PPAs) for 1,200 MW solar power recently. PSPCL had floated tenders for procurement of power from solar projects located in Punjab and other parts of the country. SJVN Green Energy Limited (SGEL), SJVN's arm, proposed the rate of Rs 2.53 per unit for the supply of 1,000 MW and Rs 2.75 per unit for another 200 MW. "Earlier bidding was of Rs 2.59 per unit but it was negotiated and brought at Rs 2.53," he said. For 200 MW the bid had proposed the rate of Rs 2.79 per unit but it was finally agreed at Rs 2.75 per unit, Mann said, adding that the state government will save Rs 431 crore through this negotiation. The rates have been fixed for 25 years and PSPCL will not pay any transmission charges and for transmission losses. La

SJVN net profit declines 55% to Rs 272 cr in Q1 due to lower revenues

State-owned power producer SJVN Ltd on Wednesday reported an over 55 per cent dip in its consolidated net profit to Rs 271.75 crore in the June quarter, mainly due to lower revenues. The company had reported a consolidated net profit of Rs 609.23 crore in the year-ago quarter, the company said in a BSE filing. Total income of the company declined to Rs 744.39 crore in the first quarter of the current fiscal from Rs 1,072.23 crore in the year-ago period.

SJVN signs agreement with Sikkim Urja for trading of 180 MW power

State-owned SJVN Ltd has signed a trade agreement with Sikkim Urja Ltd for supply of 180 megawatt (MW) hydro power. As part of the agreement, power will be supplied to distribution licensees and open access consumers, SJVN said in a statement on Thursday. "SJVN inks an MoU (memorandum of understanding) for power trading with Sikkim Urja Ltd (SUL). "As per terms of the MoU, SJVN shall receive 180 MW hydro power from SUL's 1,200 MW hydro electric project in Sikkim to distribution licensees and open access consumers," it said. Central Electricity Regulatory Commission (CERC) has already granted category-I licence for inter-state electricity trading to SJVN, its Chairman and Managing Director (CMD) Nand Lal Sharma said. "Our trading business is expanding and this MoU will act as a booster to the growth engine of SJVN and enable us to assist the central government in fulfilling its vision of 24x7 power to all," Sharma said. SJVN is a public sector undertaking involved in hydroelectric

SJVN hits new high on strong order inflows; stock surges 37% in one week

Government of Arunachal Pradesh has allotted five projects totalling 5.097 MW to the SJVN.

SJVN to develop 5 hydro projects of 5,097 MW in Arunachal Pradesh

State-owned power producer SJVN Ltd on Monday said it has been allocated five hydro electric projects having a total generation capacity of 5,097 MW in Arunachal Pradesh. The five projects, allocated by tne Arunachal Pradesh government, are situated in tributaries of Dibang River. They are 3,097 MW Etalin, 680 MW Attunli, 500 MW Emini, 420 Amulin and 400 MW Mihumdon, SJVN said in a statement. The development of the five projects will involve an investment of more than Rs 50,000 crore and will reduce carbon emission by around 1.1 million tonnes per year. The government of Arunachal Pradesh has terminated pacts with various private power developers as they "showed less interest" in executing projects given to them, the statement said. The projects, which have been withdrawn from private developers, are now being handed over to central public sector undertakings. In addition to SJVN, projects have also been allocated to other central public sector understandings namely NEEPCO, NHPC

PSU shares in demand: SJVN, NHPC, RVNL, RITES hit fresh lifetime highs

At 12:45 pm; the S&P BSE PSU and S&P BSE CPSE index were up 1 per cent each, as against 0.10 per cent decline in the S&P BSE Sensex.

SJVN bags procurement contract for 1,200 MW solar power from Punjab

State-owned SJVN Ltd on Saturday said it has bagged a contract from Punjab State Power Corporation Ltd (PSPCL) for the development and procurement of 1,200 MW of solar power entailing an investment of Rs 7,000 crore. "SJVN Green Energy Ltd (SGEL; a wholly owned subsidiary of SJVN) will develop 1000 MW (solar) project anywhere in the country and balance 200 MW in the state of Punjab," a company statement said. SJVN has received the Letter of Intent (LOI) from the PSPCL for the procurement of 1,200 MW of solar power. The PSPCL will be procuring 1,000 MW energy produced anywhere in India at a tariff of Rs 2.53 per unit, while 200 MW energy produced in Punjab will be procured at a tariff of Rs 2.75 per unit, it stated. Development of these projects involves an investment of around Rs 7,000 crore, which will be on Build Own and Operate (BOO) basis, it stated. The project shall be commissioned in a period of 18 months from the date of signing of power purchase agreement (PPA) and is ...

SJVN's 2 plants in Himachal produce 50.5 mn units of power in one day

Power producer SJVN has achieved record single-day generation of 50.498 million units from two hydro power stations in Himachal Pradesh, the company's CMD Nand Lal Sharma said on Tuesday. The 1500 MW Nathpa Jhakri Hydro Power Station (NJHPS) achieved a new milestone of 39.527 MU of power generation, surpassing its previous record of 39.526 MU on August 29, 2022. The Rampur Hydro Power Station (Rampur HPS) achieved 10.971 MU of power generation, breaking its previous record of 10.954 MU on July 16, 2023, Sharma said in a statement. Both plants recorded their respective highest power generation levels on July 17. "SJVN has established a new all time high record of 50.498 MU in single day power generation from its two flagship hydro power stations in Himachal Pradesh," Sharma said. The milestone is the result of efficient management, optimum operation and maintenance practices as well as proper repair and maintenance of the project components which has contributed in achieving maximu

Sensex sheds 311 pts on Fed rate hike scare; banks, IT shares wither

CLOSING BELL ON JUNE 15, 2023: The weekly Nifty and Bank Nifty options expiry pressure saw the NSE benchmark drop 0.4 per cent, while the latter tumble 1.2 per cent.

SJVN signs project development pact for 669 MW Lower Arun HEP in Nepal

The company is targeting 5,000 MW projects in Nepal by 2030

SJVN Q4 profit rises over two-fold to Rs 17 cr, income grows to Rs 582 cr

State-owned SJVN's consolidated net profit jumped over two-fold to Rs 17.21 crore during the quarter ended March 31, boosted by higher income. It had clocked a net profit of Rs 7.49 crore in the January-March quarter of the preceding financial year (FY22), the company said in a regulatory filing on Monday. The company's total income rose to Rs 582.78 crore, from Rs 393.87 crore in the year-ago quarter, the hydropower producer said. The expenses of the company stood at Rs 328.98 crore, as against Rs 366.13 crore a year ago. The board of directors of the company has also approved a final dividend of Rs 0.62 per share of Rs 10 each for FY23. In a separate statement, SJVN CMD Nand Lal Sharma said the company has "recorded highest ever" revenues of Rs 3,299 crore during financial year 2022-23. For the entire fiscal, the profit after tax (PAT) of Rs 1,363.45 crore was 39.48 per cent higher over Rs 977.52 crore in FY22. The net worth of SJVN has also increased by Rs 694 crore to Rs 13,

SJVN Q4 profit grows over two fold to Rs 17 cr, boosted by higher income

State-owned SJVN's consolidated net profit jumped over two-fold to Rs 17.21 crore during the quarter ended March 31, boosted by higher income. It had clocked a net profit of Rs 7.49 crore in the January-March quarter of the preceding financial year (FY22), the company said in a regulatory filing on Monday. The company's total income rose to Rs 582.78 crore, from Rs 393.87 crore in the year-ago quarter, the hydropower producer said. The expenses of the company stood at Rs 328.98 crore, as against Rs 366.13 crore a year ago. The board of directors of the company has also approved a final dividend of Rs 0.62 per share of Rs 10 each for FY23.

SJVN bags 100 MW solar project worth Rs 600 cr from Raj's Urja Nigam

State-owned SJVN Ltd has bagged 100 MW solar power project worth Rs 600 crore from Rajasthan Urja Vikas Nigam 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. Further, Sharma apprised that the ground mounted solar project will be developed by SGEL anywhere in Rajasthan through EPC contract. With the allotment of this project, SJVN now has 1,100 MW solar power projects in Rajasthan, including 1,000 MW Bikaner Solar Project which is scheduled to be commissioned during the current financial .

State-owned SJVN bags 200 MW solar project worth Rs 1,200 crore from GUVNL

State-owned SJVN Ltd on Wednesday said it has bagged a 200 MW solar project worth Rs 1,200 crore from Gujarat Urja Vikas Nigam Ltd (GUVNL). "The company has obtained 200 MW Grid Connected Solar Power Project in Khavda Solar Park through e-Reverse auction conducted by GUVNL, SJVN Ltd," Chairman and Managing Director (CMD) Nand Lal Sharma said in a statement. Bagged at a tariff of Rs 2.88 per unit, the project will be set on Build Own and Operate (BOO) basis. The tentative cost for development of this project shall be approximately Rs 1,200 crore, he added. The project is expected to generate 505 million units in the first year of commissioning and cumulative energy generation over a period of 25 years would be around 11,756 million units. "Commissioning of the project is expected to reduce 5,76,067 tonnes of carbon emission. With the allotment of this project, our solar & wind portfolio stands at 17,620 MW out of which 179.5 MW is under operation and the rest is under various ...

SJVN gets Rs 915 crore from Japan Bank for International Cooperation

State-owned SJVN Ltd has secured Rs 915 crore 'GREEN' finance from Japan Bank for International Cooperation to fund its 90 MW Omkareshwar floating solar project in Madhya Pradesh and 100 MW Raghanesda solar project in Gujarat. "SJVN secured GREEN financing from Japan Bank for International Cooperation (JBIC) amounting to JPY 15 billion. (approx. INR 915 cr). The loan is co-financed with Japanese private financial institutions," a BSE filing stated. The SJVN and JBIC virtually inked the 'Facility Agreement' under Global action for Reconciling Economic growth and Environmental preservation (GREEN) programme of JBIC. The objective of the debt is to finance the 90-MW Omkareshwar Floating Solar Power Project in Madhya Pradesh and 100-MW Raghanesda Solar Power Project in Gujarat having combined estimated cost of Rs 1,288.35 crore. SJVN is committed to achieve 25 GW of generation capacity by 2030, more than half of which is bound to come from solar and wind resources, and emphasised for m

State-owned SJVN Green Energy bags 200 MW solar project in Maharashtra

State-owned SJVN on Saturday said its green energy subsidiary has bagged a 200MW solar project entailing an investment of Rs 1,000 crore in Maharashtra. "Wholly-owned subsidiary of the company...SJVN Green Energy Ltd (SGEL) received a Letter of Award from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for 200 MW solar power project to be developed anywhere in Maharashtra," a BSE filing stated. The project shall be constructed in a period of 18 months which shall be reckoned from the date of signing of PPA (power purchase agreement) with MSEDCL. Tentative cost of construction / development of this project shall be around Rs 1,000 crore, it stated. The project is expected to generate 455.52 MU (million units) in the first year and the cumulative energy generation over a period of 25 years would be about 10,480.82 MU. Commissioning of this project is expected to reduce 5,13,560 tonne of carbon emission and would contribute towards government mission of 500 GW ..