SJVNL third quarter net profit up 19 per cent to Rs 235 crore – EQ Mag Pro
State-owned SJVN Ltd on Thursday posted a 19 per cent bounce in its consolidated web revenue to Rs 235.46 crore within the December 2021 quarter, primarily on the again of upper income.
The firm had reported a consolidated web revenue of Rs 197.57 crore within the quarter ended December 31, 2020, based on a BSE submitting.
Its whole earnings throughout October-December 2021 rose to Rs 610.45 crore, in contrast with Rs 533.57 crore within the year-ago interval.
The board of administrators within the aforesaid assembly have additionally authorized an interim dividend of Rs 1.15 per fairness share (of face worth Rs 10 every) for 2021-22.
The file date for a similar is fastened on February 22, 2022. The cost of the dividend will begin from February 28, 2022.
In a press release, SJVN Chairman and Managing Director Nand Lal Sharma mentioned the corporate has recorded the highest-ever energy era of 1,480 million models (MU) for the interval, surpassing 1,280 MU era throughout the corresponding interval final fiscal.
Sharma lauded the collective efforts and exhausting work of the workers.
“These positive growth percentiles are a result of optimum utilisation of our operating units, relentless quest to better power generation records, adopting best financial practices and strategic focus on capacity addition in the portfolio of the company,” he mentioned.
He additionally shared that SJVN has been granted Category ‘1’ licence by CERC for inter-state buying and selling in electrical energy for the entire of India. Now, SJVN goals to be a one-stop supply for any generator and client desirous to commerce energy within the nation.
Sharma mentioned SJVN has been accorded approval by the Ministry of Finance for making a subsidiary firm for the event of renewable vitality tasks.
This will facilitate the event of renewable vitality, together with the battery vitality storage system, wave, biomass, small hydro and inexperienced hydrogen tasks.
In one other main improvement, PIB (public funding board) has really useful an funding proposal for the 382-megawatt (MW) Sunni Dam Hydro (*19*) Project, Himachal Pradesh, on the estimated value of Rs 2,614.51 crores.
Recently, SJVN has submitted to the Government of Rajasthan a letter of intent to develop 10,000-MW solar energy tasks within the state throughout MoU/ LoI-signing ceremony of the Rajasthan authorities on February 8 at Jaipur.
The addition of varied hydro and renewable vitality tasks within the kitty of SJVN has resulted in upscaling of a shared imaginative and prescient to attain an put in capability of 25,000 MW by 2030 and 50,000 MW by 2040.
Source : PTI
