State-owned hydropower company SJVN Limited reported a strong performance in the June quarter, with a 31% increase in consolidated net profit, reaching ₹357.09 crore. This growth was driven by higher income, compared to the ₹271.75 crore net profit recorded in the same period last year.
The company’s total income also saw a significant rise, growing from ₹744.39 crore in the previous year to ₹958.47 crore this quarter. However, expenses increased as well, amounting to ₹476.39 crore compared to ₹362.60 crore in the first quarter of the last fiscal year.
In addition to these financial results, SJVN’s board of directors has given in-principle approval for the monetization of partial future revenue or return on equity from the Nathpa Jhakri Hydro Power Station (NJHPS). They also approved a proposal to potentially dilute the company’s stake in its wholly-owned subsidiary, SJVN Green Energy Ltd., pending regulatory approvals.
Furthermore, the board has officially designated Sushil Sharma, who currently holds the additional charge of Chairperson and Managing Director, as a Key Managerial Personnel (KMP) of the company, following an order from the Ministry of Power.
