Akhileshwar Singh
Director (Finance), SJVN Limited
In Q4FY23 the company’s net sales increased by 55.93 per cent on year-on-year (YoY) basis while the net profit increased by 830.80 per cent. What were the factors that contributed to the company’s performance?
During the fourth quarter of FY 2023, sales increased due to additional tariff allowed by the Central Electricity Regulatory Commission (CERC) in respect of Nathpa Jhakri Hydro Power Station (NJHPS) and Rampur Hydro Power Station for the period 2014-19. The profit increased due to approval of tariff from the back date and arrear billing amounting to ₹348 crore in respect of Rampur Hydro Power Station (RHPS). Further, there was a gain amounting to ₹114 crore received by the company on sale of equity shares in Kholonguchhu Hydro Energy Limited (KHEL) to another joint venture partner, Druk Green Power Corporation (DGPC) Bhutan.
Can you shed some light on Company’s Solar Energy SJVN Green Energy?
This story is from the August 14, 2023 edition of Dalal Street Investment Journal.
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This story is from the August 14, 2023 edition of Dalal Street Investment Journal.
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