SJVN recorded Highest Ever Income of Rs. 3299 Cr during FY 2022-23: CMD, SJVN
Sh. Sharma said that Profit before Tax has increased by 28.93% which is Rs.1732.13 crores as compared to Rs. 1343.44 crores during FY 2021-22.
Shimla: Sh. Nand Lal Sharma, Chairman and Managing Director, SJVN, informed that SJVN has recorded the highest ever revenues of Rs. 3299 crores during the financial year 2022-23. The previous highest were recorded in FY 2014-15 when revenues were Rs. 3256 crores. He further said that revenues registered a growth of 25.67% compared to last year when these were Rs. 2626 crores. The Board also recommended a dividend of Rs.1.77 per share (on face value of Rs. 10/- per share).
Sh. Nand Lal Sharma further informed that SJVN has recorded Profit After Tax (PAT) of Rs. 1363.45 crores in FY 2022-23 which is 39.48% more than the previous fiscal when PAT was Rs. 977.52 crores. While the net worth of SJVN increased from Rs. 13128 crores to Rs. 13822 crores which translates into an increase of around Rs. 694 crores.
Sh. Sharma said that Profit before Tax has increased by 28.93% which is Rs.1732.13 crores as compared to Rs. 1343.44 crores during FY 2021-22. The Earning per Share (EPS) has also increased from Rs. 2.60 to Rs. 3.50 during the period an increase of 34.61%
Sh. Sharma further told that SJVN has successfully achieved its ambitious Capital Expenditure (CAPEX) target for the fiscal year 2022-23. With Rs. 8240 crores, the company has surpassed the target of Rs. 8,000 crores assigned by the Ministry of Power, Govt. of India.Read Also : Shri Ashwini Vaishnaw chaired meeting of Consultative Committee for Ministry of Railways
Under the visionary leadership of Hon’ble Prime Minister Sh. Narendra Modi and guidance of Hon’ble Union Power Minister Sh. R. K Singh, SJVN has achieved this target to contribute in economic and infrastructural growth of the Nation. Sh. Sharma apprised that the CAPEX target of Rs 8,000 crores was the third highest amongst power CPSEs for FY 2022-23.
Deriving Confidence and Riding High on this achievement, SJVN is now set to achieve the gigantic CAPEX target of Rs 10,000 crores for FY 2023-24. Currently SJVN is constructing 14 Power Projects and 2 Transmission lines across India and in neighboring country of Nepal.SJVN has continued its exemplary performance in power generation and has achieved 9283 million units from all its power stations in FY 2022-23 surpassing previous year’s generation of 9207 Million Units.Read Also : Shri P Upadhyay INAS takes over as Director General of Naval Armament
Sh. Nand Lal Sharma appreciated the united efforts and dedication of all the employees. “These positive growth percentiles are an outcome of optimum utilization of our operating units, persistent quest for better power generation records, adopting best financial practices and strategic focus on capacity addition in the portfolio of the company.”
SJVN is on a rapid expansion and capacity addition journey and project portfolio of the company is now stands at 47279 MW with77 projects. The company is marching forward with vigor to achieve its Shared Vision of 5000 MW by 2023-24, 25000 MW by 2030 & 50000 MW installed capacity by 2040.Read Also : Mr Vikraman N takes charge as Director (HR) of BEL
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