SJVN Achieves Record-Breaking Financial Performance, Eyes Renewable Energy Expansion

In a recent press conference, Nand Lal Sharma, Chairman & Managing Director of SJVN (formerly known as Satluj Jal Vidyut Nigam Limited), along with other key officials, unveiled the company’s impressive financial performance for the fiscal year 2022-23. The conference highlighted several key achievements and future endeavors of the organization.

Financial Milestones:

• SJVN achieved its highest-ever revenue of Rs. 3,299 crores in FY 2022-23, marking a remarkable 25.62% increase compared to the previous fiscal year.
• The Profit After Tax (PAT) surged to Rs. 1,363.45 crores in FY 2022-23, a significant rise of 39.48% from the previous year.
• The Profit Before Tax stood at Rs. 1,732.13 crores, marking a substantial increase of 28.93%.
• Earnings Per Share (EPS) increased to Rs. 3.47 from Rs. 2.49 per share in FY 2021-22.
• SJVN declared a dividend of Rs. 1.77 per share for the fiscal year 2022-23.

Operational Achievements:

• Nathpa Jhakri Hydro Power Station achieved an impressive Plant Availability Factor (PAF) of 106.653%.
• Charanka Solar Power Station achieved the highest annual generation of 8.75 million units (MU) in FY 2022-23.
• SJVN’s power stations collectively generated 9,335 million units of energy, surpassing the total Design Energy of 8,705 million units.
• SJVN’s Corporate Headquarters, “Shakti Sadan,” received a Four-Star rating from the Green Rating for Integrated Habitat Assessment (GRIHA) Council.
• SJVN made substantial progress in Trade Receivables, with only 35 days outstanding against the MOU target of 45 days.

Expansion and Future Initiatives:

• SJVN unveiled ambitious plans to become a 12,000 MW company by 2026, with a shared vision of achieving 25,000 MW by 2030 and 50,000 MW by 2040.
• The company has diversified into various renewable energy sectors, including Solar, Wind, Hybrid, Floating Solar, and Ocean Hybrid platforms across India.
• SJVN is actively participating in competitive bidding processes to add projects at a rate of 1-1.5 GW per year.
• The organization signed multiple Memorandums of Understanding (MoUs) with government agencies and entities to develop renewable energy projects across India.
• SJVN is also committed to corporate social responsibility (CSR) and sustainability programs, focusing on healthcare, education, gender equality, and infrastructure development.

Awards and Recognitions:

• SJVN received several prestigious awards during FY 2022-23 and Q1/Q2 of FY 2023-24, including the Most Efficient & Profitable Mini Ratna of the Year Award and the Leading Director Award, among others.

SJVN’s exceptional financial performance and its commitment to sustainable expansion in the renewable energy sector make it a leading player in India’s power generation landscape. With a strong focus on CSR initiatives and a vision for future growth, SJVN continues to contribute significantly to India’s energy security and sustainability goals.