With over 4.6 per cent increase in electricity generation from its flagship 1,500 MW Nathpa Jhakri Hydro Power Station, public sector SJVN limited has recorded 8.05 per cent jump in PAT (profit after tax) during the first half of financial year 2013-14.
The net profit of the company increased to Rs 758.87 Crore from Rs 702.30 Crore earned during the corresponding period of last financial year. While the company’s total revenue increased from Rs 1110.69 crore to Rs 1174.10 crore, the PBT (profit before tax) also grew 9.07 per cent from Rs 851.90 crore to Rs 929.19 crore. The company’s EPS during the half year ending September 2013 has increased from Rs 1.70 to Rs 1.83. The financial results were declared at a meeting of the Board of Directors held at New Delhi on Wednesday. During the period April to September 2013 SJVN’s 1500 MW Nathpa Jhakri Hydro Power Station generated 5494 million units of electricity which was 4.6 percent more than the 5250 MU achieved during the corresponding period of last year.
In terms of the MoU Nathpa Jhakri Hydro Power Station is scheduled to generate 6875 MU of electricity during the financial year 2013-14, while it has already generated 6058 MU till date. The Plant Availability Factor (PAF) of the Power Station during the six months period ending September 2013 has also increased from 106.65 percent to 107.88 percent.
Consequent to signing of a MoU with the Government of Bihar, SJVN has already taken over the Buxar Bijlee Company Pvt ltd (BBCPl) for setting up of Green Field 1320 MW (2 x 660 MW) Super Critical Technology Thermal Power Project in Bihar, as a wholly owned subsidiary. During the quarter SJVN has also incorporated a subsidiary company titled M/s. SJVN Thermal Private limited for execution of this project. It has also been allocated 486 Million Tonnes coal reserves in the 2012 MT Deocha-Pachami Coal Block in West Bengal, by the union ministry of coal, for this thermal project. A wholly owned subsidiary company (M/s SJVN Arun - 3 Power Development
Company Private limited) has been incorporated in Nepal to implement company’s Arun-3 Project in Nepal. Company’s 412 MW Rampur Hydro Electric Project is also nearing completion and is scheduled to be commissioned during the current financial year.