|SJVNL CMD RN Misra|
The company registered a 50.43 percent increase in profit after tax at Rs.1,676.75 crore...
against Rs.1,114.63 crore in the previous year, SJVNL's chairman and managing director R.N. Misra said at the annual general meeting.
The profit after tax this year was also the highest since commencement of commercial operations of the company in 2004, he said. With the robust increase in profits, the earning per share of the company has increased from Rs.2.69 per equity share of Rs.10 to Rs.4.05 per share, he added.
Besides the 1,500 MW Nathpa Jhakri plant - India's largest hydro project - in Kinnaur district of Himachal Pradesh, the company's two other operational projects are 412 MW Rampur Hydro Electric Project also in the hill state and 47.6 MW Khirvire Wind Power Project in Maharashtra.
SJVNL is a joint venture between the central and the Himachal Pradesh governments. The former holds 74.5 per cent stake, while the remaining 25.5 per cent is held by the state government. However, the central government sold 10 percent equity in May 2010.
SJVN Limited, under the Ministry of Power, Govt. of India, was incorporated in 1988. The PSU is fast emerging as a major power player in the country. The present authorized capital of SJVN is Rs. 7000 crores. SJVN is setting new benchmarks in generation and maintenance year after year, after having tackled the silt erosion problems in under-water turbine parts.
Beginning from a single hydropower project company, SJVN today has a footprint in a diversified set of power projects, which includes hydroelectric projects in Himachal Pradesh, Uttrakhand, Aurnachal Pradesh and in the neighboring countries of Nepal and Bhutan, a Thermal Power Project in Bihar, a Power Transmission Project in Nepal, Wind Power project in Maharashtra and Solar Power Projects in Gujarat & Rajasthan. SJVN has expanded its horizons and has drawn up ambitious plans to develop into a fully-diversified trans-national power sector company having presence in various conventional and non-conventional forms of energy.