The shareholders have approved a dividend of Rs0.98 per share (Rs405.39 crore) as against the dividend of Rs0.96 per share (Rs397.12 crore) for the previous year in an annual general meeting of Satluj Jal Vidyut Nigam ltd (SJVN) held at Shimla on Tuesday.
SJVN earned a total revenue of Rs2,110.72 crore as against Rs1,927.36 crore and a net profit of Rs1114.36 crore during the year 2013-14.
This is the highest-ever dividend paid by SJVN since commissioning of its flagship 1,500 MW Nathpa Jhakri Hydro Power Station in 2003-04. Equity holders Government of India will get a dividend of Rs261.35 crore (64.47 per cent), Government of Himachal Pradesh Rs103.37 crore (25.50 per cent) and the public shareholders will get Rs40.66 crore (10.3 per cent).
The dividend yield on the company’s shares is also one of the best amongst the Power Sector PSUs. SJVN’s shares were listed on the stock exchanges on May 20, 2010.
During the year 2013-14, SJVN’s 1500MW Nathpa Jhakri Power Station (NJHPS) continued to achieve new milestones of generation. The plant generated 7,193.77 MUs of energy and exceeded design energy of 6,612 MUs at a record Normative Plant Availability Factor of 105.75 per,cent. The power station also established a record by generating 39.147 million units of electricity in a single day on May 29, 2013 against the highest single day generation of 39.015 MUs on July 27, 2012.
12 per cent of the power generated at this power station is supplied free of cost to Himachal Pradesh while 25 percent of the remaining generation is supplied at generation cost. The remaining power is supplied to nine States of the northern grid namely Haryana, J&K, Punjab, Rajasthan, UP, Uttrakhand, Delhi and Chandigarh.