SJVN surpasses CAPEX target of Rs 8,000 crore

Shimla, April 9 The SJVN has achieved its ambitious Capital Expenditure (CAPEX) target for the fiscal year 2022-23. “With Rs 8,240 crore, the company has surpassed the target of Rs 8,000 crore assigned by the Ministry of Power,” said SJVN...

Tribune News Service

Updated At : 01:04 PM Apr 10, 2023 IST

Shimla, April 9

The SJVN has achieved its ambitious Capital Expenditure (CAPEX) target for the fiscal year 2022-23.

“With Rs 8,240 crore, the company has surpassed the target of Rs 8,000 crore assigned by the Ministry of Power,” said SJVN chairman Nand Lal Sharma.

Sharma said the CAPEX target of Rs 8,000 crore was the third highest among power-related Central Public Sector Enterprises (CPSEs) for 2022-23. He added, “The year-over-year growth is 58 per cent as compared to the previous fiscal year. In the last six years, the company has experienced 65 per cent Compound Annual Growth Rate (CAGR).”

He said, “The hydro projects have registered an expenditure jump of 30 per cent from the last fiscal. Renewable projects of the company have witnessed massive surge of 548 per cent in CAPEX as compared to 2021-22.”

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