SJVN Limited , a joint venture between the Government of India and the Government of Himachal Pradesh, has reached a significant operational milestone in its thermal power generation capacity. The company has successfully synchronized the first unit of its 1320 MW Buxar Thermal Power Project with the National Grid, marking a crucial step towards the project's full commissioning.

Project Details

The Buxar Thermal Power Project, located at Chausa in Bihar's Buxar district, consists of two units of 660 MW each. The project is being implemented by SJVN Thermal Private Limited, a wholly-owned subsidiary of SJVN. With a total investment of ₹13,756.56 crore, the power plant is expected to generate 9,828.72 Million Units of electricity annually once fully operational.

Technological Advancements

The project utilizes state-of-the-art supercritical technology, designed to ensure higher efficiency and reduced environmental impact. This aligns with SJVN's commitment to sustainable power generation practices.

Economic Impact

The successful synchronization of the first unit is poised to bring substantial economic and social benefits to Bihar and the Eastern region of India. Notably, 85% of the power generated from this project will be supplied to the state of Bihar, significantly enhancing power availability and addressing peak-hour shortages in the region.

Management Comments

Sh. Bhupender Gupta, CMD of SJVN, commented on the achievement, stating, "This achievement stands as a testament to the dedication and tireless efforts of our project team and all stakeholders. The project will play a significant role in meeting the growing energy demand of the nation while also driving sustained economic growth in Bihar."

Sh. Ajay Kumar Sharma, Director (Personnel) at SJVN, highlighted that the synchronization of the first unit will enhance SJVN's total energy generation capacity and further strengthen its energy portfolio.

Future Outlook

The successful synchronization of the first unit paves the way for the commencement of the Commercial Operation Date (COD) process. As SJVN continues to expand its power generation capabilities, this milestone reinforces the company's position as a key player in India's energy sector.

The completion of the Buxar Thermal Power Project is expected to contribute significantly to the region's power infrastructure, supporting industrial growth and improving the quality of life for residents in Bihar and neighboring areas.

SJVN Limited , a joint venture between the Government of India and the Government of Himachal Pradesh, has reported mixed financial results for the first quarter, showing revenue growth alongside a significant decline in net profit.

Financial Performance

SJVN reported quarterly standalone revenue of ₹822.44 crore, declining 1.10% year-over-year, while standalone net profit fell 20.90% to ₹258.51 crore. On a consolidated basis, revenue grew 5.40% to ₹917.45 crore, but net profit dropped significantly by 36.30% to ₹227.58 crore.

Revenue Breakdown and Operational Highlights

The company's revenue stream showed diversification:

• Hydro power generation remained the primary contributor, with revenue increasing 2.70% to ₹801.05 crore.
• Renewable energy (wind and solar) saw significant growth, with revenue increasing 21.90% to ₹19.12 crore.
• SJVN commissioned 501.02 MW of its 1000 MW Bikaner Solar Project during the quarter, generating ₹32.99 crore in revenue.

Financial Position

The company's standalone net worth increased to ₹14,537.71 crore with an improved debt-equity ratio of 0.72x. However, the Devasari Hydro Electric Project remains on hold, with ₹199.21 crore expenditure carried as capital work in progress.

Management Changes

The board appointed Shri Vivek Bhatnagar as Chief Internal Auditor.

Outlook

Despite the short-term decline in profitability, SJVN's strategic investments in renewable energy projects, particularly solar power, indicate a clear focus on future growth and sustainability. The company's ability to navigate the transition while maintaining financial stability will be crucial in the coming quarters.