SJVN net income rises 24.53% to Rs 920.35 crore in June quarter

SHIMLA: State-run Sutlej Jal Vidyut Nigam (SJVN) today reported 23.53 per cent in net income to Rs 920.35 crore for the first quarter ended June 2015 on increase in installed capacity of hydropower projects.

The company had reported a net income of Rs 739.08 crore in the corresponding period last year, SJVN said in a statement.

While the company's Profit After Tax (PAT) increased 14.17 per cent to Rs 484.43 crore from Rs 424.29 crore, the PBT (Profit Before Tax) grew 15.12 per cent to Rs 594.47 crore from Rs 516.37 crore.

During the last financial year, SJVN commissioned 412 MW Rampur Hydro Power Station in Himachal and 47.6 MW Khirwire Wind Power Project in Maharashtra and there was increase of 22.19 per cent in electricity generation from its flagship 1,500 MW Nathpa Jhakri Hydro Power Station.

Commenting on the results, the company's CMD R N Misra said during the last quarter SJVN entered into a joint venture for implementation of 600 MW Kholongchhu Hydro Electric Project in Bhutan.

SJVN has already diversified in the field of wind power, thermal power and power transmission and is presently generating 2,000 MW of electricity, he added.