SJVN Ltd

State-run hydropower producer SJVN Ltd. reported a 51% year-on-year increase in net profit to Rs. 224 crore for the third quarter, driven by improved power generation, favorable tariff realization and disciplined cost management. The robust earnings growth reflects stronger plant performance and steady demand from distribution companies. Revenue gains were supported by higher energy output and improved operational efficiency across key assets. Market participants responded positively to the results, citing enhanced earnings visibility and expanding renewable energy ambitions.

SJVN Limited has successfully commissioned a 128.88 MW solar power project in Bikaner, Rajasthan, marking a significant step in India’s renewable energy expansion. Developed under the government’s renewable energy initiatives, the project is expected to generate substantial green power annually, catering to the growing demand for clean electricity. Officials highlight that the plant will not only reduce carbon emissions but also support India’s broader target of achieving 500 GW of non-fossil fuel energy capacity by 2030.

Prime Minister Narendra Modi inaugurated a key unit of the SJVN Buxar Thermal Power Plant, marking a significant milestone in India’s energy infrastructure development. The new unit, designed to enhance thermal power generation capacity, underscores the government’s commitment to meeting growing electricity demand while supporting industrial and economic growth. Officials highlighted that the project integrates advanced technology to optimize efficiency and reduce emissions.

In a noteworthy shift at the helm of SJVN Ltd, the state-owned power utility has announced the temporary appointment of Bhupendra Gupta, currently Director (Technical) at THDC India Ltd, as its interim Chairman and Managing Director (CMD). Effective May 1, 2025, Gupta will serve in this capacity for a period of three months or until a permanent CMD is named. This transition follows the departure of Raj Kumar Chaudhary from the additional charge role.

SJVN Ltd., a public sector enterprise, has made a significant stride toward the development of renewable energy in India with the release of Rs. 269.97 crore as land compensation for the 3,097 MW Etalin Hydro Power Project in Dibang Valley, Arunachal Pradesh. The project, which involves the construction of two dams and an underground powerhouse complex, is slated for completion by December 2033. This move is part of a broader strategy to foster sustainable development and contribute to India’s green energy transition.