Remarkable Growth: SJVN Achieves ₹3,299 Crore in Revenue, a 25.62% Increase in 2022-23

In the economic yr 2022-23, the PSU suggested an excellent revenue of ₹3,299 crores, showcasing enormous growth compared to the previous economic year whilst SJVN earned ₹1,363.45 crores. This sizeable revenue boom displays the company’s robust overall performance and economic progress during this era.

Sutlej Jal Vidyut Nigam (SJVN) Limited, a important strength area undertaking (PSU) beneath the ministry of energy, skilled a tremendous 25.62% surge in sales for the duration of the monetary year 2022-23. This exceptional growth underscores the employer’s strong overall performance and its vital function within the power area, contributing to the state’s energy generation and infrastructure improvement. Additionally, such an boom reflects SJVN’s successful techniques and commitment to sustainable power technology practices.

Remarkable Growth: SJVN Achieves ₹3,299 Crore in Revenue, a 25.62% Increase in 2022-23
Remarkable Growth: SJVN Achieves ₹3,299 Crore in Revenue, a 25.62% Increase in 2022-23

During a press conference held in Shimla, Chairman and Managing Director Nand Lal Sharma discovered the bold dreams of the PSU. He articulated the company’s vision to ramp up its capacity substantially, aiming for 12,000 megawatts (MW) by 2026, a fair extra vast 25,000 MW by means of 2030, and an impressive 50,000 MW with the aid of 2040.

Sharma emphasised that accomplishing those objectives might permit the company to amplify its renewable strength portfolio notably, encompassing diverse platforms such as sun, wind, hybrid, floating solar, and ocean hybrid tasks across India. This strategic diversification displays SJVN’s dedication to smooth and sustainable power answers.

Furthermore, he highlighted the prevailing possibilities within the form of aggressive bidding tactics for sun, wind, and hybrid (solar + wind) tasks, with the purpose of adding initiatives at a regular rate of one to one.Five gigawatts (GW) in step with year. This ahead-searching approach aligns with India’s renewable electricity goals and underscores SJVN’s determination to contributing to the kingdom’s energy transition.

He went directly to offer precise insights into SJVN’s contemporary operational capability, which stands at 2,091.50 megawatts (MW). This includes a widespread 1,912 MW from hydroelectric sources, 97.6 MW from wind energy, and eighty one.Nine MW from solar electricity.

Moreover, SJVN’s comprehensive mission portfolio encompasses eighty five tasks and 3 transmission strains, with a combined capacity ability of 58,144 MW. Out of this superb portfolio, 2,091.5 MW is currently in operation, while the final projects are at diverse tiers of development, highlighting the agency’s commitment to expanding its energy infrastructure.

Highlighting the monetary achievements of SJVN, the Managing Director referred to a top notch 39.48% boom inside the earnings after tax (PAT) for the financial 12 months 2022-23, with PAT accomplishing ₹1,363.45 crores as compared to ₹977.52 crores within the previous fiscal yr.

Additionally, SJVN celebrated a widespread milestone as its  flagship hydropower stations in Himachal Pradesh carried out an all-time high document of 50.534 million devices (MU) in unmarried-day electricity era on July 18, showcasing the organization’s operational excellence and dedication to efficient strength technology.

Additionally, he highlighted SJVN’s latest milestones in energy buy agreements, signifying the business enterprise’s dedication to increasing its renewable power footprint. SJVN secured strength purchase agreements for a 200 MW sun electricity mission with the Maharashtra State Electricity Distribution Company Limited and every other settlement with the Solar Energy Corporation of India Limited for one hundred MW of wind power capability, both inside the present day year.

Furthermore, an critical energy utilization agreement has been inked for the deliver of 500 MW of solar strength from the continued one thousand MW Bikaner Solar Power Project, solidifying SJVN’s presence within the renewable power market.

Chairman and Managing Director Nand Lal Sharma additionally referred to the organisation’s involvement in transmission infrastructure, with one transmission line spanning 86 km in period already in operation. Additionally, an outstanding 217 km transmission line, connecting the Arun-3 Hydroelectric Project in Nepal to Bathnaha at the Nepal-India border, is underneath creation, similarly emphasizing SJVN’s role in facilitating go-border strength transmission and cooperation.

Leave a comment