Multibagger Miniratna PSU engaged in the business of generation, transmission, and consultancy of renewable energy sources in focus upon forming a JV with Assam Power Distribution Company Limited to carry out business in the field of Power Generation from all renewable energy sources
With a market capitalization of Rs. 49,182 Crores, the shares of SJVN Limited were trading at Rs. 125.15, down 2.11 percent from its previous day’s close price of Rs. 127.85.
SJVN Limited’s wholly-owned subsidiary SJVN Green Energy Limited has incorporated a Joint Venture Company with Assam Power Distribution Company Limited named SGEL Assam Renewable Energy Limited. In the JV company SJVN Green Energy Limited will hold a 51 percent stake and Assam Power Distribution Company Limited will hold a 49 percent stake.
The Joint Venture Company SGEL Assam Renewable Energy Limited shall carry out the business in the field of Power Generation from all renewable energy sources including Hydro Power by setting up power plants.
SJVN Limited is engaged in the business of generation, transmission, and consultancy of renewable energy sources like hydro energy, wind energy, and solar energy.
SJVN has expanded and diversified in Hydro, Thermal, Solar, and wind Energy, Power Transmission, and Power Trading. Currently, the project portfolio of the Company is more than 56,000 MW, with a presence in Pan India and Nepal. The Company is marching towards achieving its Shared Vision of generating 50,000 MW by 2040.
Its revenue from operations declined by 1.63 percent from Rs. 552 Crores in Q3FY23 to Rs. 543 Crores in Q3FY24, accompanied by profits of Rs. 287 Crores to Rs. 139 Crores.
Written by: Bharath K.S
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