SJVN posts Rs1,633 crore net profit

Tribune News Service Shimla, October 2 Satluj Jal Vidyut Nigam (SJVN) Ltd recorded the highest-ever gross profit before tax of Rs 2,168.67 crore during 2020-21. The company’s net profit increased from Rs 1,557.43 crore in 2019-20 to Rs 1,633.04 crore...

Tribune News Service

Updated At : 10:40 AM Oct 03, 2021 IST

Tribune News Service

Shimla, October 2

Satluj Jal Vidyut Nigam (SJVN) Ltd recorded the highest-ever gross profit before tax of Rs 2,168.67 crore during 2020-21. The company’s net profit increased from Rs 1,557.43 crore in 2019-20 to Rs 1,633.04 crore in 2020-21, said Nand Lal Sharma, Chairman-cum-Managing Director of the Nigam.

Addressing the 33rd Annual General Meeting (AGM) of the SJVN here, he said the earning per share had increased from Rs 3.96 in 2019-20 to Rs 4.16 in 2020-21 and a dividend of Rs 2.20 per share had been declared for 2020-21, including the interim dividend of Rs 1.80 per share that was paid in February 2021.

In spite of Covid-19, the performance of the SJVN on the operational front was historic and 9,224 million units of electricity was generated from five power stations against the designated energy of 8,700 million units, he said.

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