The Satluj Jal Vidyut Nigam Limited (SJVN) has attained the status of Mini Ratna public sector company by getting the full flegded blue chip company ranking .
This elevation is largely attributed to the company’s robust capital expenditure (capex) plan, which stands at an impressive Rs 25,000 crore.
The SJVN, was initially launched as Nathpa Jakhri Power Corporation (NJPC) in 1990″s
to build a 1500 Megawatt hydro power mega project on Satluj river in Shimla district of Himachal Pradesh.
After successfully operationalizing the project SJVN has undertaken several hydro and solar power projects throughout the country and has become one of the top public sector power company.
“The company’s journey from a single power project entity to a multi-state, multi-national player is a testament to its consistent peformace performance, strategic vision and the recent capex infusion aimed at scaling up its operations, including the development of new hydro, solar and 77 wind energy projects, which are expeceted to enhance its power generation capacity” said an official of the company.
He said ” SJVN’s elevation to bluechip status comes with increased financial autonomy, allowing the company to make substantial investments and strategic decisions independently. This new status also positions SJVN among an elite group of public sector companies in India, recognized for their strong financials, high profitability, and contribution to the nation’s economy.”
SJVN Ltd, has also been conferred with prestigious CFO Leadership Award 2024, by Top Rankers Management Club, during its 24th National Management Summit, held at New Delhi.
The award was recieved by Director Finance Akhileshwar Singh for his outstanding contribution for promoting the business of SJVN.
