SJVN declares Rs 844.91 Cr Dividend for FY 2018-19

Delhi: SJVN Limited, a Mini Ratna and Schedule ‘A’ CPSU under Ministry of Power, on account of its annual financial performance has paid a total dividend of Rs.844.91 crores for its shareholders for financial year 2018-19. The Company has already paid an interim dividend of Rs. 368.07 crores in March 2019 to Govt. of India which is presently holding 61% equity in the Company.

The final dividend cheque for FY 2018-19 of Rs. 156.22 crores was handed over to Union Minister of State Power and New & Renewable Energy, Mr R.K. Singh by Mr Nand Lal Sharma, Chairman & Managing Director, SJVN Limited at New Delhi. The cheque was presented in the presence of, Sh Subhash Chandra Garg , Secretary (Power) and senior officials of the Ministry of Power. On this occasion Shri A.S. Bindra, Director (Finance), Sh. S.P. Bansal, Director (Civil) and senior officers of SJVN were also present.

For FY 2018-19 Mr NL Sharma, CMD of SJVN handing over a cheque of Rs. 156.22 crores to the Union Minister Mr RK Singh at New Delhi.

During the handing over of the cheque to the  Union Minister, Mr Nand Lal Sharma apprised of the progress in construction activities of Arun-3 Hydro Electric Project and Naitwar Mori Hydro Electric Project. He informed that SJVN is actively pursuing to bring its other new projects into Construction Stage.

He stated that, Hydro Power is the core strength of SJVN and besides executing projects in Himachal Pradesh; SJVN is executing Power Projects in Nepal, Bhutan, Bihar and Uttarakhand. Also, SJVN has forayed into the field of Renewable Energy, Power Transmission and Thermal Power. The Company is presently generating around 2015.2 MW of electricity from its operational projects i.e. 1500 MW Nathpa Jhakri Hydro Power Station, 412 MW Rampur Hydro Power Station, 47.6 MW Khirvire Wind Power Project, 50 MW Sadla Wind Power Project and 5.6 MW Charanka Solar Power Station.

SJVN is in the process of harnessing power projects which are in different stages of development. These projects include Twelve Hydro Projects and One Thermal Project, which on completion will add 5134 MW of capacity. As a part of plan for achieving 5000 MW installed capacity by 2023, 12000 MW by 2030 and 25000 MW by 2040, SJVN has formulated aggressive strategies which include both Organic as well as Inorganic modes for growth.

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