SJVNL’s Q3 profit up 20 percent
January 21st, 2012 - 6:40 pm ICT by IANSShimla, Jan 21 (IANS) The Satluj Jal Vidyut Nigam Ltd (SJVNL), the company that owns and operates India’s largest hydropower project in Himachal Pradesh, Saturday announced a 20 percent increase in its profit before tax for the third quarter of fiscal 2011-12 ending December.
The SJVNL had posted a profit of Rs.1,143.99 crore against Rs.954.80 crore during the corresponding quarter last fiscal, its deputy general manager Vijay Verma told IANS here.
The quarterly results were finalised at the board meeting held in New Delhi Saturday.
Verma said for the three quarter, SJVNL’s earning per share (EPS) has also increased to Rs.2.29 against Rs.1.94 during the same period of last year.
SJVNL is a joint venture between the central and the Himachal Pradesh governments. The former holds 74.5 per cent stake, while the remaining 25.5 per cent is held by the state government.
However, the central government sold its 10 percent equity in May 2010.
SJVNL’s maiden project is located in Kinnaur district that started generation in 2004-05.
Its second mega hydropower project, 412 MW Rampur hydroelectric project in upper Shimla will be completed by early 2013.
It’s also executing one project each in Nepal and Bhutan.
- SJVNL aims to generate power worth Rs.1,557 crore - Mar 26, 2012
- Satluj Jal Vidyut Nigam's Q1 profit up 20 percent - Jul 15, 2011
- SJVNL declares Rs.333.9 crore dividend - Sep 13, 2011
- SJVNL declares Rs.330.93 crore dividend - Aug 27, 2011
- Hydropower major forays into wind power - Feb 09, 2012
- SJVNL declares Rs.328.20 crore dividend - Sep 17, 2010
- SJVNL's net sales up by seven percent - Jul 30, 2010
- SJVNL achieves record power generation - Oct 09, 2011
- SJVNL net profit in 2009-10 at Rs.972 crore - Jul 06, 2010
- Record power generation by Himachal plant - Apr 01, 2012
- Nod for 66 MW hydropower project in Himachal - Feb 11, 2011
- Record power generation at Himachal project - Nov 24, 2010
- Record hydropower generation by Himachal plant - Apr 02, 2011
- Villagers oppose Himachal hydro project - May 08, 2011
- Second SJVNL hydro project to be commissioned by 2013 - Feb 08, 2011
Tags: board meeting, central government, crore, earning per share, eps, himachal pradesh, hydroelectric project, hydropower project, jal, jan 21, joint venture, maiden project, New Delhi, nigam ltd, q3, quarterly results, rs 1, rs 2, state government, vidyut