SJVN

June 30 (Reuters) - SJVN Ltd SJVN.NS:

• SJVN LTD - UNIT ACHIEVES COMMERCIAL OPERATION OF 100.25 MW

Source text: ID:nBSE36Z9Pl

Further company coverage: SJVN.NS

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June 23 (Reuters) - Adani Total Gas Ltd ADAG.NS:

• NSE: TO EXCLUDE F&O CONTRACTS ON 8 SECURITIES INCLUDING ADANI TOTAL GAS, JINDAL STAINLESS FROM AUG 29 ON EXPIRY OF EXISTING CONTRACTS

Source text: [https://tinyurl.com/5hdtsnv6]

Further company coverage: ADAG.NS

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June 16 (Reuters) - Nepal has begun exporting 40 megawatts (MW) of electricity to Bangladesh through India's power grid in its first move into the international energy market and positioning India as a key facilitator of regional electricity trading.

Nepal is also exporting 80 MW to Bihar state in India's east, Nepal's Energy Minister Dipak Khadka said on X on Sunday, adding that power exports had unlocked a 5,000 MW export market for the Himalayan nation.

The power transaction follows a tripartite agreement signed in October between Nepal Electricity Authority, Bangladesh Power Development Board, and India's NTPC Vidyut Vyapar Nigam.

India exports electricity to Nepal, Bangladesh and Myanmar, while importing power from Nepal and Bhutan and is discussing plans to integrate its grid with Sri Lanka.

The development comes as Nepal rapidly expands its hydropower capacity, with Indian hydro power producer SJVN SJVN.NS currently developing the 900 MW Arun-3 project in Nepal's Sankhuwasabha district.

In April, India's Power Grid Corporation PGRD.NS and Nepal Electricity Authority agreed to implement high-capacity cross-border transmission infrastructure to facilitate increased power trading.

Nepal, which has installed capacity of more than 3,000 MW, with 95% hydro, has also been seeking Indian investment to boost its hydroelectric output and export surplus power to New Delhi.

(Reporting by Sethuraman NR; Editing by Kate Mayberry)

(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]))

** SJVN SJVN.NS falls 6% to two-week low of 95.84 rupees

** Power generator poised for biggest intraday pct drop since Jan. 13

** Co's Q4 loss before exceptional items at 1.46 billion rupees (nearly $17 million); total income down 4.2% y/y, expenses up 15%

** FY2024 Q4 - 324.5 million rupees loss before exceptional items

** Co statement did not mention whether exceptional item will impact future quarters

** Trading volume at nearly 21 million shares, around 2.6X the six-month average daily volume

** YTD, stock down 8%

($1 = 85.5650 Indian rupees)

(Reporting by Vivek Kumar M)

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May 29 (Reuters) - SJVN Ltd SJVN.NS:

• SJVN -APPROVES RAISING OF FUNDS VIA SECURITISATION OF PARTIAL FUTURE UNENCUMBERED FREE CASH FLOW OF NJHPS

Source text: [ID:]

Further company coverage: SJVN.NS

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** Shares of SJVN Ltd SJVN.NS rise as much as 2.1% to 93.2 rupees
** Power generation co says its unit completes trial run of 241.77 MW capacity in phase-I Bikaner solar power project
** Adds, it will commence commercial operation on April 2
** Stock on track to snap two days of losses
** More than 5.5 million shares traded as of 2:38 p.m. IST, more than their 30-day moving avg of over 7.8 mln shares
** SJVN last up 1.9%, cutting YTD losses to 12.6%

(Reporting by Meenakshi Maidas in Bengaluru)

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April 1 (Reuters) - SJVN Ltd SJVN.NS:

• SJVN LTD - SGEL COMPLETES TRIAL RUN OF 241.77 MW BIKANER SOLAR PROJECT

• SJVN LTD - AIMS TO BECOME 25,000 MW COMPANY BY 2030, 50,000 MW BY 2040

Source text: ID:nNSE1gjjR8

Further company coverage: SJVN.NS

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March 10 (Reuters) - SJVN Ltd SJVN.NS:

• SIGNS MOU FOR 1800 MW KOTPALI PSP IN CHHATTISGARH

• TOTAL INVESTMENT FOR KOTPALI PSP PROJECT ESTIMATED AT 95 BILLION RUPEES

Source text: ID:nBSE2NyTQF

Further company coverage: SJVN.NS

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Feb 13 (Reuters) - SJVN Ltd SJVN.NS:

• DEC-QUARTER CONSOL NET PROFIT 1.49 BILLION RUPEES

• DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 6.71 BILLION RUPEES

• DIVIDEND OF 1.15 RUPEES PER SHARE

Source text: [ID:]

Further company coverage: SJVN.NS

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Jan 17 (Reuters) -

• INDIA GOVT: FINALIZED JOINT VENTURE AGREEMENT WITH SJVN LTD., GMR ENERGY LTD., NEPAL ELECTRICITY AUTHORITY FOR 900 MW HYDRO-ELECTRIC PROJECT IN NEPAL

Further company coverage: SJVN.NS

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** Shares of SJVN SJVN.NS rise 2.5% to 106.7 rupees

** Power generation co signs deal with state government for 1,000 MW pumped storage projects, creating employment for 5,000 and investment of about 100 bln rupees ($1.17 bln)

** Stock rose ~15% in 2024, marking its fourth straight year of gains

** Four analysts covering SJVN, on avg, rate it "hold" -LSEG data

($1 = 85.6600 Indian rupees)

(Reporting by Ashna Teresa Britto in Bengaluru)

(([email protected] ; ( +91 8078332441))

Dec 27 (Reuters) - SJVN Ltd SJVN.NS:

• SJVN LTD - APPOINTS SANJAY KUMAR AS CFO

Source text: ID:nNSE7WlcZR

Further company coverage: SJVN.NS

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** Shares of SJVN SJVN.NS rise 5.3% to 108.88 rupees

** Power generation company signed memorandum of understanding with Rajasthan government to develop 5 GW pumped storage projects and 2 GW floating solar projects in the state

** Trading vols at 1.8x 30-day average

** SJVN up ~19% YTD

(Reporting by Vijay Malkar)

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Nov 21 (Reuters) - SJVN Ltd SJVN.NS:

• SJVN - SIGNS MOU WITH RAJASTHAN GOVERNMENT FOR RENEWABLE ENERGY DEVELOPMENT

• SJVN - TO DEVELOP 5 GW PUMPED STORAGE AND 2 GW FLOATING SOLAR PROJECTS

Source text: ID:nBSE9FnNSS

Further company coverage: SJVN.NS

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Nov 5 (Reuters) - SJVN Ltd SJVN.NS:

• SJVN SEPT-QUARTER CONSOL NET PROFIT 4.41 BILLION RUPEES

• SJVN SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 10.26 BILLION RUPEES

Source text: ID:nBSEblwsyP

Further company coverage: SJVN.NS

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By Sethuraman N R

NEW DELHI, Sept 28 (Reuters) - India is seeking bids to supply 6,000 megawatts (MW) of electricity from renewable energy power projects for assured peak-hour supply with storage, according to a tender issued by state-run SJVN SJVN.NS.

India is looking to connect a record 35 gigawatts (GW) of solar and wind energy capacity to its grid during the year ending March 2025, with a target of increasing its non-fossil power capacity to 500 GW.

SJVN seeks power from an inter-state transmission system that carries power across state boundaries nationwide, Saturday's tender advertisement in the Times of India newspaper showed.

India added 10 GW of renewable capacity in the period from April to August, the first five months of this fiscal year, taking its total to about 153 GW, government data showed.

Earlier, Bhupinder Singh Bhalla, the top bureaucrat at the ministry for new and renewable energy told Reuters the country expected a lot of projects for battery-linked storage.

(Reporting by Sethuraman NR; Editing by Clarence Fernandez)

(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]))

Sept 27 (Reuters) - SJVN Ltd SJVN.NS:

• SJVN SIGNS TWO MOUS WITH GOVERNMENT OF MAHARASHTRA

• TOTAL ESTIMATED INVESTMENT ON THESE PROJECTS AT 480 BILLION RUPEES

Source text for Eikon: [ID:]

Further company coverage: SJVN.NS

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** Shares of electric utility firm SJVN SJVN.NS rise 7.6% to 147.5 rupees

** Stock among top gainers on Nifty Midcap 150 index .NIMI150, which is down 0.5%

** State-run firm reported a 31% rise in Q1 consolidated net profit, rev from ops up 29% Y/Y

** More than 3.3 mln shares change hands, 1.2x its 30-day avg

** Five analysts covering the stock on avg have a "hold" rating; median PT is 75 rupees - LSEG data

** Stock up 61% so far this year vs a 23% gain in Midcap 150

(Reporting by Ashna Teresa Britto in Bengaluru)

(([email protected] ; ( +91 8078332441))

** Shares of electric utility firm SJVN SJVN.NS jump as much as 13.2%, last up 8.1%

** Stock opened with a gap up; its last close was 141.04 rupees and opened at 156.53 rupees

** State-run firm said it got work order worth 139.48 bln rupees ($1.67 bln) from Mizoram government

** Order for a pumped storage project with installed capacity of 2,400 megawatts

** Trading vols 3x 30-day avg of 23.9 mln shares

** Stock has jumped over 68% YTD

($1 = 83.7150 Indian rupees)

(Reporting by Hritam Mukherjee in Bengaluru)

(([email protected];))

July 25 (Reuters) - SJVN Ltd SJVN.NS:

• SJVN LTD - GOVERNMENT OF MIZORAM ALLOTS 2400 MW DARZO LUI PSP TO SJVN

• SJVN LTD - ESTIMATED COST OF PROJECT 139.48 BILLION RUPEES

Further company coverage: SJVN.NS

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By Sarita Chaganti Singh

NEW DELHI, July 9 (Reuters) - India plans to spend $1 billion to expedite the construction of 12 hydropower stations in the northeastern Himalayan state of Arunachal Pradesh, two government sources said, a move that could raise tensions with China that lays claims to the region.

The federal finance ministry under Nirmala Sitharaman recently approved up to 7.5 billion rupees ($89.85 million) in financial assistance to each hydropower project in the northeastern region, the sources said.

Under the scheme, about 90 billion rupees will likely be allotted for the 12 hydropower projects in Arunachal Pradesh, said the sources, who have direct knowledge of the matter.

The scheme is likely to support northeastern states and help them finance equity holdings in the projects they host. Having state governments on board generally helps in expediting regulatory clearances, locals rehabilitation and negotiations on sharing electricity with the host state.

The plans for the hydropower stations are expected to be announced in the 2024/2025 federal budget that Prime Minister Narendra Modi's government will unveil on July 23, the sources said, declining to be named as the information remained confidential.

The Indian finance and power ministries and China's foreign ministry did not immediately respond to Reuters' requests for comment.

Last August, the government awarded contracts to state-run firms NHPC NHPC.NS, SJVNL SJVN.NS and NEEPCO for the construction of the 11.5-gigawatt-capacity plants entailing an estimated investment of $11 billion, as part of a broader project to develop infrastructure in the border region.

None of the companies responded to a request for comments.

These power plants were earlier enlisted with private sector firms, but remained non-starters due to various reasons.

India has built less than 15-gigawatt hydropower plants in the last 20 years, while installations of new coal and other renewable sources of energy were nearly 10 times of the new hydropower projects.

India and China share a 2,500 km (1553.43 mile) largely un-demarcated border, over which they fought a war in 1962.

India says Arunachal Pradesh is an integral part of the country, but China claims it is a part of southern Tibet, and has objected to other Indian infrastructure projects there.

The Indian government is pushing projects in the eastern region following reports that Beijing could construct dams on a section of the Brahmaputra river, known as the Yarlung Tsangbo in China, that flows from Tibet through Arunachal Pradesh.

India is concerned that Chinese projects in the region could trigger flash floods or create water scarcity.

Both countries are working to improve infrastructure along their border regions since clashes in western Himalayas left 20 Indian and at least four Chinese troops dead in 2020.

Last week, India Foreign Minister Subrahmanyam Jaishankar met his Chinese counterpart Wang Yi in Kazakhstan where the two agreed to step up talks to resolve issues along their border.

($1 = 83.4710 Indian rupees)

(Additional reporting by Krishn Kaushik in New Delhi; Editing by Miral Fahmy and Sherry Jacob-Phillips)

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By Sarita Chaganti Singh

NEW DELHI, July 3 (Reuters) - India has asked power companies to order equipment worth $33 billion this year to fast track capacity additions of coal-fired power in the years ahead, as the South Asian nation struggles to meet booming electricity demand, two government officials said.

The unprecedented move by the government, which would result in record tendering in a year for the equipment by major power firms such as state-run NTPC NTPC.NS and SJVN SJVN.NS as well as by private companies Adani Power ADAN.NS and Essar Power, will help add 31 gigawatts (GW) in the next 5-6 years, the sources said.

Normally, the government leaves the tendering timing to the companies themselves.

Expediting equipment orders for new coal-fired plants was discussed at a meeting held by Power Minister Manohar Lal, soon after the formation of Prime Minister Narendra Modi's federal cabinet early last month, the sources said.

The targets are ambitious given the country has ordered equipment for about 2-3 GW capacity annually in prior years, barring last year's orders for 10 GW.

India is rushing to add fresh coal-fired plants as it is barely able to meet high power demand with the existing fleet in non-solar hours.

Post pandemic, the country's power demand scaled new records on the back of the fastest rate of economic growth among major economies and increased instances of heatwaves.

India saw its biggest power shortfall in 14 years in June, and had to race to avoid night time outages by deferring planned plant maintenance, and invoking an emergency clause to mandate companies to run plants based on imported coal and power.

State-run Bharat Heavy Electricals Ltd (BHEL) BHEL.NS, which bagged all power equipment contracts in auctions in the last year, is likely to get most of the contracts for the new equipment, the sources said.

Larsen & Toubro LART.NS, the only other power equipment producer in the market, had not participated in most of last year's bids, they said.

The Power Ministry, BHEL, Adani, NTPC, SJVN and L&T did not immediately respond to emails sent by Reuters. The sources did not want to be named because they were not authorised to talk to media.

"The last large orders for power equipment were placed for about 20 GW around 2009-10 when Chinese companies bagged a major pie," one of the sources said.

Policy flip-flops and lack of orders for coal-based plants over the past several years forced other equipment suppliers such as Thermax–Babcock, BGR–Hitachi and South Korea's Doosan to shut their manufacturing units in India.

The country, since 2020, discourages contracts with companies in countries sharing a land border such as China by mandating regulatory approvals.

Since late last year, India has fast tracked coal-fired power plants to meet its power needs, threatening to undermine progress made by the world's No.3 greenhouse gas emitter in weaning its economy off carbon.

In March Reuters reported private Indian firms have expressed interest in building at least 10 GW of coal-fired power capacity over a decade, ending a six-year drought in significant private involvement in the sector.
($1 = 83.5040 Indian rupees)

(Reporting by Sarita Chaganti Singh in New Delhi; Editing by Muralikumar Anantharaman)

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** Shares of India's JSW Energy JSWE.NS up as much as 2.4% to hit record 752 rupees; last up 2%

** Power producer's unit JSW Neo Energy got order from state-run SJVN SJVN.NS to set up 300 MW hybrid power project

** JSWE did not disclose financial details of the order

** Separately, its unit JSW Renew Energy (Raj) signed power purchase agreement with SJVN for 700 MW solar capacity

** Agreement for a period of 25 years with a tariff of 2.52 rupees/KWh - JSWE

** YTD stock has jumped 83%

(Reporting by Hritam Mukherjee in Bengaluru)

(([email protected];))

June 28 (Reuters) - JSW Energy Ltd JSWE.NS:

• LETTER OF AWARD FROM SJVN LIMITED FOR 300 MW WIND-SOLAR HYBRID POWER PROJECTS

• GETS LETTER OF AWARD FROM SJVN LIMITED FOR 300 MW WIND-SOLAR HYBRID POWER PROJECTS

• UNIT GETS LOA FOR SETTING UP 300 MW ISTS-CONNECTED WIND-SOLAR HYBRID POWER PROJECT FROM SJVN

Source text for Eikon: ID:nBSE7w4rYr

Further company coverage: JSWE.NS

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** Shares of power generator SJVN SJVN.NS rise as much as 2.9% to 133.41 rupees; last up 1.8%

** Co through unit signs a memorandum of understanding with AM Green Ammonia (India) for supply of renewable energy for green ammonia plants on a long term basis

** SJVN up ~9% so far in June-quarter, on track for fifth straight quarter of gains

** Five analysts covering the stock have a "hold" rating on average; median PT is 75 rupees

** Stock up ~45% YTD, had more than doubled in 2023 for best annual gain since listing in 2010

(Reporting by Dimpal Gulwani in Bengaluru)

(([email protected]))

** Shares of power generator SJVN SJVN.NS down 3.8% at 134.5 rupees

** Co reported a March-qtr loss before exceptional items, tax and net movement in regulatory deferral account balances of 324.5 mln rupees ($3.90 mln) vs 2.55 bln rupees profit a yr ago

** SJVN incurred a one-time charge of 1.04 bln rupees in the quarter, it had incurred a net of tax charge worth 1.31 bln rupees in the same period in 2023

** Its rev from ops dropped over 4% y/y, expenses surged over 85%

** More than 27.4 mln shares traded, eyes busiest trading day after five sessions

** Session's losses trim YTD gains to ~48%

($1 = 83.2960 Indian rupees)

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

April 8 (Reuters) - SJVN Ltd SJVN.NS:

• UNIT SIGNED JOINT VENTURE CUM SHAREHOLDERS AGREEMENT WITH ASSAM POWER DISTRIBUTION CO

• SGEL WILL SUBSCRIBE 51% SHAREHOLDING IN JV CO

Source text for Eikon: ID:nBSEb13sBH

Further company coverage: SJVN.NS

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** Shares of India's SJVN SJVN.NS up 1.3%, after jumping as much as 2.81% earlier in the session

** State-owned power producer's renewable energy arm receives letter of intent from Gujarat Urja Vikas Nigam for 200 MW solar project

** Tentative cost of construction and development is 11 billion rupees (nearly $133 million) - SJVN

** Shares up for the third consecutive session

** YTD stock had risen ~39% after a ~166% surge in 2023

($1 = 82.8520 Indian rupees)

(Reporting by Hritam Mukherjee in Bengaluru)

(([email protected];))

March 13 (Reuters) - SJVN Ltd SJVN.NS:

• SJVN GETS LETTER OF INTENT FROM GUVNL FOR 500 MW SOLAR PROJECT

• TENTATIVE COST OF CONSTRUCTION AND DEVELOPMENT OF PROJECT AT 27 BLN RUPEES

• POWER PURCHASE AGREEMENT SHALL BE EXECUTED WITH GUVNL AFTER ADOPTION OF TARIFF BY GERC

• PROJECT IS EXPECTED TO GENERATE 1271.07 MLN UNITS IN 1ST YEAR AFTER COMMISSIONING

• PROJECTED CUMULATIVE ENERGY GENERATION OVER 25 YEARS WOULD BE ABOUT 29245.40 MLN UNITS

Source text for Eikon: ID:nBSE9kLS31

Further company coverage: SJVN.NS

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March 11 (Reuters) - Sembcorp Industries Ltd SCIL.SI:

• SEMBCORP AWARDED 440MW WIND-SOLAR HYBRID POWER PROJECT IN INDIA

• UNIT RECEIVED LETTER OF AWARD FOR 440MW INTER STATE TRANSMISSION SYSTEM CONNECTED WIND-SOLAR HYBRID POWER PROJECT

• PROJECT IS EXPECTED TO BE READY FOR COMMERCIAL OPERATION WITHIN 24 MONTHS FROM DATE OF SIGNING

• UPON COMPLETION OF DEAL, POWER OUTPUT FROM PROJECT TO BE SOLD TO SJVN

• DEAL WILL BE FUNDED THROUGH MIXTURE OF INTERNAL FUNDS AND DEBT

Further company coverage: SCIL.SI

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