Tuesday, Apr 23 2024 | Time 21:01 Hrs(IST)
image
Business EconomyPosted at: Apr 20 2018 7:03PM


SJVN, Power Ministry ink MoU to achieve 9200 mn units this FY

New Delhi, Apr 20 (UNI) Hydro power major Sutlej Jal Vidut Nigam (SJVN) Limited on Friday signed a Memorandum of Understanding (MoU) with Ministry of Power for generating 9200 million units for the year 2018-19.
The MoU was signed here by Power Secretary Ajay Kumar Bhalla and SJVN Chairman & Managing Director Nand Lal Sharma.
As per the targets set in the MoU, SJVN shall strive to achieve 9200 Million Units generation during the year under ‘Excellent’ category. Further, SJVN will have Capital Expenditure (CAPEX) target of Rs. 900 crore and Turnover target of Rs. 2175 crore under the category along with other targets related to operational efficiency and Project monitoring, Power Ministry statement said.
In FY 2017-18, against the target of 8950 Million Units (under ‘Excellent’ category), SJVN generated 9280 Million Units from its projects under operation with an installed capacity of 1964 MW. SJVN has already paid an interim dividend of Rs. 785.95 crore to its shareholders in FY 2017-18.
Currently, SJVN has four projects with capacity of 1610 MW under construction and another four projects with capacity of 2155 MW under various stages of clearances, soon to enter construction. SJVN envisages being a 5700 MW+ generating company in coming years.
UNI JPG ADG 1902
Please log in to get detailed story.
Tags: #SJVN# Power Ministry ink MoU to achieve 9200 mn units this FY
More News
Sensex ends in green; up 89 83 points

Sensex ends in green; up 89 83 points

23 Apr 2024 | 6:58 PM

Mumbai, April 23 (UNI) The stock market on Tuesday opened strong with 400 points up with all-round shopping but paired early gains towards end of the trading hour and closed at 73,738, about 90 points up from its previous close.

see more..

FHRAI seeks govt intervention to utilize increased FAR scheme for hotel industry expansion

23 Apr 2024 | 6:55 PM

New Delhi, Apr 23 (UNI) The apex association of hotels and restaurants FHRAI has approached the Government for resolution of long pending issue of not able to use the provision of increased Floor Area Ratio (FAR) saying this coming in the way to expanding the capacity and new hotel developments in Delhi.

see more..

23 Apr 2024 | 6:22 PM

New Delhi, Apr 23 (UNI) Telecom major Jio Infocomm, a wholly owned by Reliance Industries Limited, has increased its subscriber tally to 470.86 million at the end of December, 2023, up 8.76 per cent from its subscriber base of 432.92 million a year ago.

see more..

Kottayam-Kochi Rubber Market Rates

23 Apr 2024 | 6:11 PM

Kottayam, April 23 (UNI) Following were the Rubber Market rates announced by the Rubber Board here today per quintal.

see more..

Rupee marginally up 3 paise against USD

23 Apr 2024 | 4:37 PM

Mumbai, April 23 (UNI) The Rupee on Tuesday gained three paise to close at 83.34 against the USD on selling US Dollar by bankers and exporters, dealers at the Foreign exchange said.

see more..
image