During the year 2012-13, Sutlej Jal Vidyut Nigam limited (SJVNl) a hydro-power major, earned Profit after Tax of Rs1052.30 crore, which is marginally lower than last year's net profit of Rs1068.68 crore.
However, to maintain Investors’ confidence, the SJVN board of directors in its meeting held on Wednesday has recommended higher dividend to its shareholders for the financial year 2012-13.
The net dividend payout (excluding taxes) works out to Rs397.12 crore against Rs388.84 crore paid for the financial year 2011-12. The dividend amounts to Rs0.96 per share against Rs0.94 paid last year.
With 412 MW Rampur HE project in Himachal Pradesh and 47.6 MW Khirvire Wind Power Project in Maharashtra nearing completion, SJVN limited will add 460 MW to its generation capacity during the FY 2013-14 informed company’s CMD RP Singh.
SJVN owns and operates India's largest 1500 MW Nathpa Jhakri Hydro Power Station in Himachal Pradesh, which has been supplying valuable power to the northern grid states since 2003. The capacity addition will thus improve supply of power to the northern grid, he said.
During the financial year 2012-13 SJVN's flagship 1500 MW Nathpa Jhakri Hydro Power Station generated 6777 million units of electricity against the design energy of 6612 MU.
Though during FY 2012-13 the discharge of water in all the Himalayan river’s was substantially lower as compared to previous year, SJVN managed to maintain its revenue flow by managing the machines and utilisation of water in an efficient manner.