SJVN's Remarkable Journey: Achievements, Growth Plans, and Green Hydrogen Milestone
Key Ideas
- SJVN showcased resilience in operations despite challenging hydrological conditions due to climate change, achieving record power generation from hydro, solar, and wind stations.
- The company reported impressive financial performance with revenue of Rs 2533.59 crore and a surge of 426 percent in stock performance, reaching an all-time high.
- SJVN commissioned multiple projects across different states, including India's First Multi-Purpose Green Hydrogen Pilot Project, expanding its project portfolio significantly.
- The company's future growth plans are ambitious, targeting capacity additions of 25,000 MW by 2030 and 50,000 MW by 2040, emphasizing hydro and renewable energy solutions.
SJVN conducted its 36th Annual General Meeting for the financial year 2023-24, where CMD Sh. Sushil Sharma outlined the company's achievements, operational challenges, and growth plans. Despite facing hydrological challenges due to climate change, SJVN demonstrated resilience and generated 8489 MUs from its power stations, setting new records. The company achieved a standalone revenue of Rs 2533.59 crore and witnessed a surge of 426 percent in stock performance, reaching an all-time high. SJVN commissioned various projects, including India's First Multi-Purpose Green Hydrogen Pilot Project, and expanded its project portfolio to 56,802 MW. The company has ambitious targets of adding 25,000 MW by 2030 and 50,000 MW by 2040, focusing on hydro and renewable energy solutions. SJVN's commitment to CSR activities, achievements in corporate governance, and recognition in various areas reflect its dedication to excellence. The company's future priorities include completing ongoing projects and focusing on new capacity additions to empower India's energy sector growth.