SJVN donates Rs one crore towards CM Relief Fund

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Himachal Chief Minister Jai Ram Thakur was presented a cheque of over Rs  one crore by Sutlej Jal Vidyut Nigam (SJVN) towards Chief Minister's Relief Fund here on Tuesday by its Chairman cum Chief Managing Director Nand lal Sharma.

Thanking the SJVN, the Chief Minister said that the government accepts this noble gesture with gratitude towards the Nigam. He said that the funds would go a long way in helping the poorest of poor to meet the medical expenses.

The CMD informed the Chief Minister that against the MoU target of generation of 8700 million units, SJVN generated 9045 million units of electricity for the Financial Year 2016-17. SJVN has generated more than 8660 million units during current financial year till date.

Sharma briefed that financial position of SJVN also remained healthy as the revenue from operation was over Rs 2468.66 crore and Net Profit after Tax was over Rs 1544.14 crore in fiscal 2016-17. Owing to the excellent financial performance SJVN paid a dividend of over Rs 290.13Crore for financial year 2016-17 to Government of Himachal Pradesh, which holds 25.51% shares of SJVN.

Chief Secretary Vineet Chawdhry, Additional Chief Secretary cum Principal Secretary to the Chief Minister Manisha Nanda, Principal Secretary (Power) RD Dhiman, Director (Finance) SJVNl AS Bindra, and Director (Electrical) SJVN RK Bansal were also present on the occasion amongst others.

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