With over 6.3 per cent increase in electricity generation from its flagship 1,500 MW Nathpa Jhakri Hydro Power Station, Satluj Jal Vidyut Nigam (SJVN) limited has recorded 8.5 per cent jump in the PAT (Profit After Tax) during the three quarter period of financial year 2013-14.
The profit after tax of the company increased to Rs 969.80 crore from Rs 894.36 crore earned during the corresponding period of last financial year. For the 3rd quarter period (October-December 2013), the profit after tax has increased by 9.8 per cent from Rs 192.06 crore to Rs 210.93 crore, against the corresponding quarter of last year. While the company’s total revenue increased from Rs 1468.81 crore to Rs 1561.54 crore, the PBT (Profit Before Tax) grew 9.59 per cent from Rs 1077.29 crore to Rs 1180.64 crore.
Resultantly, the company’s EPS during the period of April to December 2013 has increased from Rs 2.16 to Rs 2.34. The financial results of the company were declared at a meeting of Board of Directors held at New Delhi on February 7. During the period, April to December 2013, SJVN’s 1,500 MW Nathpa Jhakri Hydro Power Station generated 6,564 million units of electricity which was 6.3 per cent more than the 6,172 MU achieved during the corresponding period of last year.
In terms of MoU, Nathpa Jhakri Hydro Power Station is scheduled to generate 6,875 MU of electricity during the financial year 2013-14, while it has already generated 6,820 MU till date which is 374 MU more than the MoU targets of the period. In recognition of its meritorious performance during the year 2011-12 and 2012-13, India’s largest 1,500 MW Nathpa Jhakri Hydro Power Station was recently awarded ‘Bronze Shield’ and ‘Silver Shield’ respectively by the Union Ministry of Power.
This was the successive third year that the performance of Nathpa Jhakri Power Station had been acclaimed and awarded. Earlier, for the year 2010-11, the power station had been awarded ‘Gold Shield’ by the Union Ministry of Power. Declaring the financial results RP Singh, CMD told that SJVN was heading for a 10,000 MW capacity implementation after the signing of MoU for developing world’s largest 4,000 MW Solar Power Project in Rajasthan.
He further told that SJVN’s 412 MW Rampur HE project in Himachal Pradesh was also likely to commence generation during the current financial year, while its 47.6 MW Khirvire Wind Power Project in Maharashtra had already commenced generation.