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SJVN generates 8,489 MU of power as green energy in FY24: CMD Sharma

State-owned SJVN generated 8,489 million units (MUs) of green energy from its operational hydro, solar and wind power stations in 2023-24, a top company official said. SJVN CMD Sushil Sharma made the remarks at the company's 36th Annual General Meeting (AGM) for the 2023-24 financial year. "Despite facing challenging hydrological conditions due to climate change, SJVN demonstrated resilience in its operations. In FY24, the company generated 8,489 MUs from its operational hydro, solar and wind power stations," a company statement quoted Sharma as saying. The power stations set new records, including highest-ever daily generation of 39.570 million units (MU) and 10.971 MU by 1,500 MW NJHPS (Nathpa Jhakri Hydro Power Station) and 412 MW Rampur HPS, respectively, in July 2023. The highest-ever monthly generation of 1,590.072 MU was recorded from all operational projects in August 2023 and Rampur HPS also achieved the highest-ever monthly generation of 337.165 MU during the month. Duri

IREDA share jumps 7% on pacts with SJVN, GMR Energy for project in Nepal

The IREDA scrip surged as much as 7.21 per cent to hit an intraday high of Rs 239.35 per share.

Ireda inks initial pacts with SJVN, GMR for 900 MW hydro project in Nepal

Indian Renewable Energy Development Agency (IREDA) on Monday said it has inked initial pacts with SJVN and GMR Energy for the development and implementation of the 900 MW Upper Karnali hydro-electric project in Nepal. This collaboration aims to enhance regional energy security through the development of renewable energy infrastructure, a statement said. Pradip Kumar Das, Chairman & Managing Director of IREDA, said, Our investment in this important hydropower project underscores IREDA's ongoing commitment to advancing renewable energy initiatives. This collaboration not only accelerates the development of Nepal's hydropower sector but also strengthens regional energy cooperation, supporting our shared goal of sustainable growth. The project holds strategic importance for IREDA, as it will help harness Nepal's vast hydropower potential while reinforcing IREDA's dedication to renewable energy development.

How to trade newly crowned Navratnas: RailTel, SJVN, NHPC

SJVN, NHPC and RailTel Corp can potentially rally up to 14% from present levels, suggests technical charts. Watch out for these key support and resistance levels going ahead.

SJVN, RailTel, NHPC get 'Navratna' status; stocks rise up to 5.2%

SJVN, NHPC and RailTel shares climb after government grants 'Navratna' status

SJVN shares zoom 9% on stellar Q1FY25 earnings; power sales grow 238% YoY

SJVN's stock surged up to 8.68 per cent at Rs 148.85 a piece on the BSE in Wednesday's intraday trade

SJVN Q1 results: PAT grows 31% to Rs 357 cr on increase in higher income

State-owned hydropower company SJVN on Tuesday posted 31 per cent rise in consolidated net profit at Rs 357.09 crore during June quarter, on account of higher income. It had reported a net profit of Rs 271.75 crore during the April-June period of the preceding financial year, the company said in an exchange filing. The company increased its total income to Rs 958.47 crore during the quarter from Rs 744.39 crore in the year-ago period. Its expenses stood at Rs 476.39 crore as against Rs 362.60 crore in the first quarter last fiscal. SJVN further said that "its board of directors has accorded in-principle approval for monetisation through securitisation of partial future revenue/return on equity of the Nathpa Jhakri Hydro Power Station (NJHPS) of the company." The board has also given in-principal approval to the proposal for dilution of stake in the wholly-owned subsidiary, SJVN Green Energy Ltd, subject to various regulatory approvals. Besides, it has approved designating company

SJVN gains on commissioning of 90 MW Omkareshwar floating solar project

The uptick in the share price came after the company announced that it has commissioned of 90 MW Omkareshwar Floating Solar Project.

Here's why SJVN stock price rallied over 13% on July 26; find details here

The share price rose after the company announced that that Government of Mizoram has alloted 2,400 MW Darzo Lui pumped storage project (PSP) to SJVN.

SJVN's 900 MW project in Nepal to start power generation from 2025: CMD

SJVN expects its under-construction 900 MW Arun-3 hydro-electric project in Nepal to start power generation from next year as nearly three-fourths of work has been completed, its chairman and managing director Sushil Sharma said on Tuesday. Nepal Prime Minister Pushpa Kamal Dahal triggered the last blast to mark the completion of heading excavation 11.8 km long head race tunnel of 900 MW Arun- 3 Hydro Electric Project in Sankhuwasabha district of Nepal, SJVN said in a statement. SJVN is constructing the multi-crore Arun 3 Hydro Electric Project in Nepal. More than 74 per cent of the project works have already been completed and the remaining works are going on in full swing. The project will start generation by next year and has the potential to generate 3924 million units of electricity every year, Sharma said in the statement.

PSU shares slump up to 8% as investors book profit, track LS poll results

Shares of state owned companies fell on the BSE in Tuesday's early trades. The BSE CPSE index was down by 8.3 per cent at 4,025 levels.

Buy & sell ideas for June 03 from Anand Rathi: NHPC, SJVN, Campus

After peaking near the Rs 153 mark on May 22, 2024, SJVN experienced a significant downturn, with a decline of approximately 22 points, equating to roughly 14-15 per cent

Stocks to watch on May 30: Tata Steel, Awfis Space Solutions, Cummins India

Stocks to watch on May 30: Cummins India reported a 54.4 per cent spike YoY in net profit to Rs 538.9 crore in Q4FY24 on a consolidated basis compared to Rs 348.9 crore in the corresponding quarter

SJVN Q4 results: Consolidated net profit jump two-fold to Rs 61.08 crore

State-owned SJVN has reported over two-fold jump in consolidated profit to Rs 61.08 crore during the March quarter, on account of exceptional gains. The company reported a consolidated net profit of Rs 17.21 crore in the year-ago period, a BSE filing showed. The financial results of the company showed an exception gains of Rs 103.84 crore during the quarter. However, total income of the company dipped to Rs 573.23 crore in the quarter from Rs 582.78 crore in the same period a year ago. The consolidated net profit of the company in 2023-24 was at Rs 911.44 crore from Rs 1,359.30 crore in year ago. Total income in the fiscal also increased to Rs 2,876.96 crore from Rs 3,282.50 crore in 2022-23. The board of directors also approved a final dividend of Rs 0.65 per equity share for the 2023-24 fiscal year, subject to the approval of shareholders in the ensuing annual general meeting. The final dividend is in addition to the interim dividend of Rs 1.15 per equity share for FY24 declar

Bullish on PSU Banks, CPSE stocks? UCO Bank, SJVN look strong on charts

Stock market outlook on Nifty PSU Banks, Nifty CPSE stocks: Technical chart suggests up to 22 per cent upside for UCO Bank, SJVN, NHPC and Bank of Maharashtra; here's why.

SJVN zooms 8% on signing solar power project worth Rs 2700 cr

The company's share prices have increased by 10 per cent year to date versus the BSE Sensex rise of 0.6 per cent

SJVN Green signs long-term pact to supply 600 MW solar power to Rajasthan

A subsidiary of state-owned power producer SJVN, SJVN Green Energy, has entered into a long term pact to supply 600 MW solar electricity to Rajasthan. The Power Usage Agreement is for 500 MW Solar Power from Bikaner Solar Power Project and the Power Purchase Agreement (PPA) is for 100 MW Solar Power from Rajasthan Solar Power Project, both for a period of 25 years, a power ministry statement said. According to the statement SJVN Green Energy Limited (SGEL), a wholly owned subsidiary of SJVN, has signed a Long Term Power Usage Agreement (PUA) for 500 MW Solar Power and a Long Term Power Purchase Agreement (PPA) for 100 MW Solar Power, with Rajasthan Urja Vikas and IT Services Limited (RUVITL) in Jaipur on March 10, 2024. Under the Agreement, SGEL would supply 500 MW of power at a tariff of Rs. 2.57 per unit, from the 1,000 MW Bikaner Solar Power Project being developed by SGEL under Phase-II (Tranche-3) of the Central Public Sector Units Scheme. This project is the country's largest

SJVN receives 1,352 MW solar energy projects worth Rs 7,436 crore

State-owned power producer SJVN arm SJVN Green Energy has secured 1,352 MW solar power projects, entailing an investment of Rs 7,436 crore. "SJVN has received Letter of Awards (LoA) for 1,352 MW Solar Power Projects to be developed through SJVN Green Energy Ltd (SGEL), a wholly-owned subsidiary of SJVN," a company statement said. According to the statement, these LoAs have been received in the presence of Maharashtra Deputy Chief Minister Devendra Fadnavis, SJVN Director (Finance) Akhileshwar Singh and SGEL CEO Ajay Singh in Mumbai. SJVN Chairman and Managing Director Geeta Kapur informed that these projects of 1,352 MW will be developed at various locations in Maharashtra -- Nashik, Solapur, Ahmednagar and Pune under Mukhya Mantri Saur Krushi Vahini Yojana 2.0. The projects have been bagged by SGEL through a competitive bidding process in a tender floated by MSEB Agro Power Limited, Maharashtra. The total capacity of the tender was 7,000 MW and SGEL participated for 1,500 MW -- 5

PM Modi lays foundation stones of 7 SJVN projects worth Rs 5,515 crore

Prime Minister Narendra Modi on Monday dedicated to the nation and laid the foundation stones of seven SJVN projects worth Rs 5,515 crore. The projects are located in Uttarakhand, Uttar Pradesh and Assam, according to a statement. The Prime Minister virtually dedicated four power stations, namely 60 MW Naitwar Mori Hydro Power Station in Uttarakhand, 75 MW Parasan Solar Power Station, 75 MW Gurhah Solar Power Station and 50 MW Gujrai Solar Power Station in Uttar Pradesh from Adilabad in Telangana, the statement said. He also laid the foundation stones of SJVN's projects -- 382 MW Sunni Dam Hydro Electric Project, 15 MW Nangal Floating Solar Power Project in Himachal Pradesh and 70 MW solar project in Assam. These hydro and solar power projects will contribute to the nation's goal of achieving a net zero carbon emission economy by 2070, it added.

Stocks to watch: Vodafone Idea, Patanjali, Juniper Hotel, SJVN, Indus Tower

Stocks to watch on February 28, 2024: Juniper Hotels will make its market debut today; Vodafone Idea's board on Tuesday greenlit plans to raise up to Rs 45,000 crore in equity and debt