SJVNL pays Rs121- cr interim dividend to govt

Satluj Jal Vidyut Nigam Ltd (SJVNL) has paid an interim dividend of Rs 121.33 crore to the Himachal Pradesh Government for financial year 2024-25. Ajay Kumar Sharma, Director (Personnel), SJVNL, handed over the dividend cheque to Chief Minister Sukhvinder Singh Sukhu in Shimla today.

Sharma said that for the 2024-25 fiscal year, the company had declared an interim dividend of Rs 451.93 crore. “The Central Government and public shareholders have been paid Rs 248.55 crore and Rs 82.05 crore, respectively,” he added. The state government holds 26.85 per cent share in the firm, while the Central Government has 55 per cent share. The remaining 18.15 per cent share is with the public.

Sharma said that the SJVNL was implementing 95 power projects in the country and Nepal. “The installed capacity of the company is 2,708.27 MW and the total project portfolio is 66107.4 MW. In line with its ambitious growth strategy, the SJVNL has set a target of becoming a 25,000 MW company by 2030 and 50,000 MW by 2040, marking significant strides toward national energy security and sustainability.” he added.