SJVN Bharat Navaratna Company Rs 23000 Cr

Himachal Pradesh will have a fair share of Rs.23000 crore of investment in various upcoming projects in the state. This was stated by the CMD of SJVN Nand Lal Sharma in a media conference today. He added that along with 257 km long Transmission lines for power evacuation have also been conceptualized.

SJVN has planned an investment of Rs 75000 crore during the current decade on its upcoming power projects. He informed that SJVN has achieved outstanding operational performance by generating 9224 million units of electricity from its 5 operational power stations in the country.

The design energy of these power stations, he said is 8700 million units and the generation has far surpassed the targets. SJVN already has a portfolio of more than 11000 MW of projects under various stages of implementation and investigation.

The company has already commenced construction of projects of 3300 MW capacity at various locations. Mr Sharma said that SJVN has accumulated cash reserves of Rs. 8032 crore to fund its project portfolio of over 11000 MW internally.

During the first quarter of FY 21-22 alone the company has added new power projects of 2525 MW capacity to its portfolio, he said.

The Company has a net worth of Rs.13100.97 crore at the end of June 2021 which has increased from Rs.12332 crore.

Speaking about the financial performance, Mr Sharma said that SJVN had clocked its highest ever Profit Before Tax (PBT) of Rs 2168.67 crore in FY 2020-21. The company’s Net Profit also increased to Rs 1633.04 crore in 2020-21 from Rs 1557.43 crore in 2019-20 and the Earnings Per Share (EPS) increased from Rs 3.96 per share in 2019-20 to Rs 4.16 per share in 2020-21.

SJVN has declared a dividend of Rs 2.20 per share for 2020-21 of which an interim dividend of Rs 1.80 has already been paid in February 2021. In the first quarter of FY 2021-22 SJVN’s Standalone Profit Before Tax was Rs 445.07 Crore registering an increase of 15.86 per cent over the corresponding quarter of the previous year.

 The Stand alone Net Profit increased by 12.77 per cent to Rs 339.54 Crore from Rs 301.08 Crore over the June quarter of 2020-21.

While speaking about prospects of the PSU, Sharma informed that SJVN has been allotted 679 MW Lower Arun hydroelectric project in Bhojpur district of Nepal by the Government of Nepal; the 104 MW Tandi Project, 130 MW Rashil Project and the 267 MW Sach Khas hydroelectric project on Chenab Basis, by the Himachal Pradesh government.

On 24th September 21, SJVN bagged 1000 MW of Grid-connected Solar PV Power Project floated by the Indian Renewable Energy Development Agency Answering a query about public resistance being faced at the Jangi Thopan Power project in the Kinnaur district of Himachal Pradesh, Sharma said that the Company would not go against the wishes of locals and said that the technology deployed should not be detrimental to the Ecology.

He said that landslides are occurring in those places to where hydro power projects are not operating . Now there with expansion of technology there is no need to drilling and blasting the rocks for tunneling. In the coming projects in the state fragile ecology new technology of Tunnel boring machines are being employed which is not so much hazardous to the earlier evacuation and construction technology . Going the down line of rise of SJVN from a subsidiary of State Electricity board and joint venture of Union and state Government, Mr Sharma said that it has allotted just one project in 1980 as 1500 mega  watt Nathpa Jakhari power project was allotted to it Himachal .In 40 yrs old journey now it has 32 project in seven state and three country.

Company portfolio begins with investment of Rs 3000 Cr first project cost  today executing Rs 35000 Cr project including Bhutan and Nepal . the Company have the power generation capacity of just 1500 mw in 2003-4 increase to 11000 mw.

He said that sanctioned strength of manpower was cut down to 1500 from 2500 to bring down the per unit production cost of the commissioned power project but including the outsource employees effective HR strength could be between 2100 and 2500.

Mr Sharma divide the past present and future of SJVN from into three stages. The SJVN came out in existence from JNPC old name of Joint venture of Indian and Provincial HP company. Early phase between 1980 to 2003-04 was challengeable as it have first such hydro power company which switched over to run of the river project from the mega dam project like Bhakra which had very high displacement during the execution.

The firm phased three big flashflood in Satluj River that ins in year 1995, 1997 and 2001. First NJPC power project started execution in 1991 and it was commissioned in  2003-04.

2nd expansion phase of company started was in between 200304 to 20011-12 When it signed an agreement with Bhutan government in 2006 to prepared a Detail Project Report and started DPR and execution of Arun project-stage -1 in Nepal 2008. 3rd phase of diversification of SJVNL in between 2011-12 to 2017-18 when it take over Solan, Thermal and wind project and commissioned Rampur tow project. During 2017-18 ten power project including Solan Hydro and thermal were started execution including 50 mw Sadla wind power project.

He said that in line with the Vision of the Central Government, SJVN intends to have a portfolio of making 30 percent energy from renewable sources like solar and wind by 2023.

” The same would be increased to 50 percent by 2030 and 60 percent by the year 2040,” concluded Mr Sharma. State Government have invested equity tune to Rs 1055 Cr in the project have got profit dividends tune Rs 2000 Cr so far moreover it have got free power worth Rs 4200 Cr.