Rs 13,756.56 crore project: Power generation company successfully synchronises the first unit of 1320-MW Buxar Thermal Power Project
DSIJ Intelligence-1 / 22 Aug 2025/ Categories: Mindshare, Trending
The stock is up by 25 per cent from its 52-week low of Rs 80.50 per share.
SJVN Ltd has successfully synchronised the first 660 MW unit of the 1,320 MW Buxar Thermal Power Project with the National Grid. According to SJVN's CMD, Sh. Bhupender Gupta, this achievement marks a significant step towards the project's commercial operation. He noted that the project will be instrumental in meeting the nation's rising energy demands and fostering economic growth in Bihar.
The Rs 13,756.56 crore project, located in Chausa, Bihar, is being implemented by SJVN Thermal Private Limited, a subsidiary of SJVN. Equipped with supercritical technology for high efficiency and reduced environmental impact, the plant is expected to generate 9,828.72 million units of electricity annually. A substantial 85 per cent of this power will be supplied to the state of Bihar, helping to address peak-hour power shortages and bring economic and social benefits to the region.
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About the Company
SJVN Ltd, formerly known as Satluj Jal Vidyut Nigam Ltd, originally established in 1988 as a joint venture between the Government of India and Himachal Pradesh, is an Indian public sector undertaking specialising in hydroelectric power. The company is actively expanding its renewable and thermal energy capacity, aligning with government policies and targeting significant commissioning by FY2026. Despite some operational challenges, management remains optimistic due to robust PPA coverage and a strong execution track record.
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According to Quarterly Results, the net sales increased by 5.4 per cent to Rs 517 crore and net profit decreased by 36.1 per cent to Rs 228 crore in Q1FY26 compared to Q1FY25. In its annual results, the net sales increased by 19 per cent to Rs 3,072.01 crore and net profit decreased by 10 per cent to Rs 819.66 crore in FY25 compared to FY24.
The company has a market cap of over Rs 39,000 crore and has been maintaining a healthy dividend payout of 66.3 per cent. As of March 2025, the Life Insurance Corporation of India (LIC) owns a 2.63 per cent stake and FIIs increased their stake to 2.49 per cent in June 2025 compared to March 2025. The stock is up by 25 per cent from its 52-week low of Rs 80.50 per share.
Disclaimer: The article is for informational purposes only and not investment advice.