Page 4 - Sjvn

SJVN net profit rises 22% to Rs 287.42 crore in December quarter

State-owned power producer SJVN on Monday posted a 22 per cent rise in consolidated net profit at Rs 287.42 crore in the December quarter, mainly due to higher revenues. The consolidated net profit of the company was at Rs 235.46 crore in the quarter ended on December 31, 2021, according to a BSE filing. Total income of the company rose to Rs 711.24 crore in the third quarter of the current fiscal from Rs 610.45 crore in the same period a year ago. SJVN's board has approved an interim dividend of Rs 1.15 per equity share for 2022-23. The record date for the same is fixed on February 17. In a statement, the company said it has recorded a Profit After Tax (PAT) of Rs 1,349.48 crore for April-December 2022 period, which is 37.98 per cent higher compared to the year-ago period. SJVN CMD Nand Lal Sharma said that for the third quarter standalone PAT increased 25.06 per cent to Rs 290.98 crore compared to Rs 232.67 crore posted in the same period a year ago. "These positive growth ...

SJVN to set up 100 MW wind energy project with Rs 700-crore investment

State-owned SJVN on Friday said it will set up a 100 MW wind power project at an estimated cost of Rs 700 crore. In a statement, SJVN said it has won the project from Solar Energy Corporation of India (SECI) through an e-reverse auction process. "SJVN has won the full quoted capacity of 100 MW wind power project at (tariff of) Rs 2.90 per unit on build, own and operate basis through e-reverse auction. The tentative cost of the development of this project is Rs 700 crore," the statement said. The project, SJVN said, will be developed anywhere in India through its wholly owned subsidiary SGEL. The project is expected to generate 262 MU (million unit) of green energy in the first year of commissioning and cumulative energy generation over a period of 25 years will be about 6,574 MU. SJVN CMD Nand Lal Sharma said the project will be commissioned in a 24-month period from the date of signing of the Power Sale Agreement (PSA) with SECI. "We have already commissioned Sadla & Khirvire ..

SJVN bags Maharashtra discom's 200-MW solar project worth Rs 1,200 crore

State-owned SJVN Ltd on Saturday said that its arm SJVN Green Energy has bagged a 200 MW solar project worth Rs 1,200 crore from Maharashtra State Electricity Distribution Company Ltd. "Company through its wholly-owned subsidiary SJVN Green Energy Limited has bagged 200 MW solar power project on Build Own and Operate (BOO) basis from Maharashtra State Electricity Distribution Company Limited (MSEDCL) through e-RA (Reverse Auction) conducted on December 2, 2022," a BSE filing said. The tentative cost of this project is around Rs 1,200 crore and the project is expected to generate 455.52 Million Units (MUs) in the 1st Year and the cumulative energy generation over a period of 25 years would be about 10,480.82 MUs, it said. The commissioning of the project is expected to reduce 5,13,560 tonnes of carbon emission and would contribute to the government of India's mission of reduction in carbon emission. Currently the company's renewable portfolio stands at 4,320.5 MW, out of which 179.5

SJVN, Grid Corporation of Odisha to form JV for hydro, solar projects

State-run SJVN Ltd on Thursday said its arm SJVN Green Energy and Grid Corporation of Odisha (GRIDCO) will form a joint venture to develop a 1,000 MW hydro electric project and 2,000 MW solar project entailing an investment of Rs 20,000 crore. The two companies signed a Memorandum of Understanding (MoU) at Bhubaneswar for developing hydro and solar projects by incorporating a joint venture company, SJVN said in a statement. "This MOU will pave a way for formation of Joint Venture between SGEL and GRIDCO for generating green power, new direct & indirect employment opportunities, boost to local businesses, carbon emission reduction, sustainable and overall development of the state. This will also enhance green generation capacity and will help in meeting the Renewable Purchase Obligation target of Odisha," SJVN Chairman & Managing Director Nand Lal Sharma said. The development of 1000 MW Hydro Electric Project and 2000 MW Solar Power Project will attract an investment of Rs ...

SJVN Q2 net profit rises 10% to Rs 445 cr, income dips to Rs 916 cr

State-owned SJVN on Friday posted a 10 per cent year-on-year rise in its consolidated net profit to Rs 445.44 crore in the September 2022 quarter. Its consolidated net profit was Rs 404.72 crore in the year-ago quarter, a BSE filing showed. Its total income dipped to Rs 916.25 crore in the quarter from Rs 925.56 crore a year ago.

SJVN unit, Assam discom to form JV to set up 1kMW floating solar projects

State-owned SJVN on Monday said its arm SJVN Green Energy and Assam's power distribution company APDCL have inked a pact to form a joint venture to set up 1,000 MW floating solar projects worth Rs 6,000 crore in Assam. Nand Lal Sharma, Chairman & Managing Director, SJVN, informed in a statement that a Memorandum of Understanding (MoU) has been signed between SJVN's wholly-owned subsidiary SJVN Green Energy Ltd (SGEL) and APDCL (Assam Power Distribution Company Ltd) in Guwahati. According to the statement, the MoU has been inked for developing 1,000 MW floating solar power projects in Assam by incorporating a joint venture company in the presence of the state chief minister Himanta Biswa Sarma. The MoU was signed by Sharma and APDCL managing director Rakesh Kumar. Sharma said that the project will generate 2,192 million units in the first year after commissioning, and around 50,425 million units cumulative energy will be generated over 25 years. An investment of Rs 6,000 crore will

SJVN eyeing to develop 5,000 MW renewable energy projects in Punjab

After signing a pact for developing 10,000 MW solar projects and parks in Rajasthan, public sector SJVN is now eyeing to tap renewable energy in Punjab

SJVN to invest over Rs 1,000 cr in 3 solar projects in UP, says CMD Sharma

Power producer SJVN will invest over Rs 1,000 crore to set up three renewable energy projects in Uttar Pradesh.

SJVN inks pact with Tata Power Solar Systems for 1,000 MW solar project

State-owned SJVN Ltd on Thursday inked a pact with Tata Power Solar Systems to build a 1,000 MW solar project worth Rs 5,500 crore in Bikaner, Rajasthan. "SJVN today entered into an EPC agreement for 1,000 MW solar project in Bikaner, Rajasthan with M/s Tata Power Solar Systems Ltd," a company statement said. The contract agreement was signed in the presence of Nand Lal Sharma, Chairman and Managing Director of SJVN by Chief General Manager (ECD), SJVN S K Sood, and Vepul Jain, Chief - Business Development, Tata Power Solar Systems Ltd. Sharma said this Rs 5,500 crore-EPC contract is the country's biggest solar contract awarded till date. The contract includes end-to-end delivery of commissioned solar plant to SJVN including arrangement of land on outright purchase basis, power evacuation system up to the ISTS (inter-state transmission system) sub station, and operation and maintenance of the solar PV plant for three years. SJVN had secured this 1,000 MW solar project through CPSU

SJVN bags 90 MW floating solar project worth Rs 585 crore in Madhya Pradesh

State-run SJVN Ltd has bagged a 90 MW floating solar project worth Rs 585 crore at Omkareshwar, in Madhya Pradesh. SJVN has bagged 90 MW Floating Solar Project at the rate of Rs 3.26/Unit on Build Own and Operate basis in a tender floated by REWA Ultra Mega Solar Ltd (RUMSL), Nand Lal Sharma, Chairman & Managing Director, SJVN said in a statement. SJVN will develop this project in the country's largest floating solar park at Omkareshwar in Khandwa District of Madhya Pradesh. According to the statement, the cost of developing this project will be approximately Rs 585 crore. After commissioning, the project will generate 219 Million Units in the first year and 5,158 Million Units over a period of 25 years. The Power Purchase Agreement will be signed between RUMSL and SJVN for 25 years. The project shall be commissioned within a period of 15 months from the date of signing of PPA. "This is our largest floating solar project bagged through tariff-based competitive bidding process.

MNRE approves development of 400MW solar project in Kinnaur by SJVN

SJVN is gearing up for preparation and submission of Detailed Project Report (DPR) at the earliest in accordance with the timelines of the solar park scheme

SJVN signs papers to get Rs 6,333 cr loan for Arun-3 hydro project in Nepal

State-owned SJVN on Tuesday signed papers to get a Rs 6,333.40-crore loan from a consortium of banks from India and Nepal for funding of its Arun-3 power project in Nepal. "SJVN Arun-3 Power Development Company, a subsidiary of SJVN Ltd in Nepal, today (on Tuesday) signed term loan documents for drawl of Rs 6,333.40-crore loan with the consortium of banks from India and Nepal," the company said in a statement. The consortium, led by SBI India and PNB, have Exim Bank, Canara UBI & Everest Bank, Nepal & Nabil Bank, Nepal as consortium members, according to the statement. SJVN Chairman and Managing Director Nand Lal Sharma re-affirmed SJVN's commitment to complete the construction of 900-MW Arun-3 HEP (hydro electric project) in Nepal in the financial year 2023-24, one year ahead of the scheduled commissioning of the project in February 2025, as required under Project Development Agreement and Financing Documents. The documents were signed by Jitendra Yadav, chief finance ...

SJVN gets a letter of intent to supply 200MW solar power to Bihar

State-owned SJVN Ltd on Friday said it has got a letter of intent (LoI) for supply of 200 MW solar power to Bihar. "Bihar Renewable Energy Development Agency (BREDA) has issued LoI for procurement of 200 MW of power at a discovered tariff of Rs 3.11 per kWh from...SJVN from the company's grid connected solar power project being implemented in the state of Bihar," a company statement said. The LoI has been issued after approval of tariff by Bihar Electricity Regulatory Commission (BERC). SJVN will sign a power purchase agreement soon in this regard. Nand Lal Sharma, Chairman & Managing Director of SJVN said the company had bagged a grid connect solar power project in Bihar through an open competitive tariff bidding process for capacity of 200 MW during an e-reverse auction in August 2021. Sharma further said the tentative cost of construction and development of this project will be Rs 1,000 crore. The project is expected to generate 420.48 MU (million units) in the first year and .

SJVN gets category 'I' licence for inter-state trading of electricity

State-owned SJVN Ltd said it has been given category 'I' licence for the inter-state trading of power in the entire country by the Central Electricity Regulatory Commission

SJVN clocks highest ever 1,480 MU of electricity generation in Oct-Dec

State-run SJVN's power stations have clocked the highest ever 1,480 MU (million units) of electricity generation in the October-December quarter of 2021-22.

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State-owned power giant NTPC has bagged 1.9 GW solar projects in CPSU Scheme-II tender

SJVN profit rises nearly 13pc to Rs 342 cr in June quarter

The consolidated net profit of the company was Rs 303.90 crore in the quarter ended on June 30, 2020, a BSE filing said.

Nepal signs pact with SJVN for 679 MW Lower Arun Electric Hydel Project

Nepal Investment Board has said it has signed a pact with India's state-owned SJVN Ltd to develop the 679-megawatt (MW) Lower Arun Hydro Electric Project in eastern Nepal

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Bihar-based electronics retailer Aditya Vision plans to expand its retail footprints to neighbouring markets of Jharkhand, West Bengal, Eastern UP and Assam in the next two years

SJVN board approves plan to raise up to Rs 2,000 cr via bonds, debentures

The funds will actually be raised from time to time with the approval of a competent authority as per the powers delegated in this regard by the company's board