President of India-Backed Power Generation Company Commissions Another 100.25 MW at Bikaner Solar Plant
The stock is up by 26 per cent from its 52-week low of Rs 80.50 per share.
SJVN Green Energy Limited (SGEL), a wholly-owned subsidiary of SJVN Ltd, has announced the commercial operation of an additional 100.25 MW capacity for its 1000 MW Bikaner Solar Power Project as of June 30, 2025. With this latest achievement, the project's total commissioned capacity now stands at 501.02 MW, with the remaining portion anticipated to be operational soon. This milestone significantly contributes to SJVN's renewable energy portfolio and strengthens its commitment to green energy initiatives.
About the Company
SJVN Ltd, formerly known as Satluj Jal Vidyut Nigam Ltd, originally established in 1988 as a joint venture between the Government of India and Himachal Pradesh, is an Indian public sector undertaking specialising in hydroelectric power. The company is actively expanding its renewable and thermal energy capacity, aligning with government policies and targeting significant commissioning by FY2026. Despite some operational challenges, management remains optimistic due to robust PPA coverage and a strong execution track record.
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According to Quarterly Results, the net sales increased by 4.5 per cent to Rs 504.40 crore in Q4FY25 compared to Q4FY24. The company reported a net loss of Rs 127.60 crore in Q4FY25. In its annual results, the net sales increased by 19 per cent to Rs 3,072.01 crore and net profit decreased by 10 per cent to Rs 819.66 crore in FY25 compared to FY24.
The company has a market cap of over Rs 39,000 crore and has been maintaining a healthy dividend payout of 66.3 per cent. As of March 2025, the Life Insurance Corporation of India (LIC) owns a 2.63 per cent stake and FIIs increased their stake to 2.49 per cent in March 2025 compared to December 2024. The stock is up by 26 per cent from its 52-week low of Rs 80.50 per share.
Disclaimer: The article is for informational purposes only and not investment advice.