Total income rose to Rs 815.06 crore during the latest June quarter from Rs 650.50 crore a year ago.
SJVN could double hydro capacity with its pipeline of 2.7 GW of regulated hydro assets, said CLSA which like NTPC's merger & acquisition (M&A) strategy that is focused on acquiring operating regulated assets.
The company in its exchange release said net profit rose 245 percent in the Jan-March quarter at Rs 458.92 crore, against Rs 132.92 in the year-ago period.
The Government of Bihar has already signed Power Purchase Agreement for supply of not less than 85 percent of generated power.
There are plans to make power generation major NTPC a holding company of the energy sector by acquiring three or more state-run companies
At the current market price, the sale of 63.79 percent stake in SJVN would fetch the Central government about Rs 6,700 crore.
The issue will open early next week and investors would get 3.5-4 percent discount over the issue price, the sources said.
These deals showcase the government's resolve to usher consolidation in the power space.
The government is scrambling to meet its disinvestment target of Rs 80,000 crore
Govt think-tank suggests SVJN & THDC planning to set up new thermal units could look at buying distressed assets that are close to being or have already been hauled to NCLT
SJVN Ltd inked a memorandum of understanding with the Ministry of Power today to achieve 9,200 million units in 2018-19, the company said in a statement.
As on January 5, 2018, the promoters held 89.73 per cent stake in the company, a joint venture of the Government of India and the Government of Himachal Pradesh.
The market breadth was in favour of the advances on Thursday afternoon with 1114 stocks advancing as against 535 declines while 352 remained unchanged. On the other hand, 1742 stocks advanced and 886 stocks declined while 111 remained unchanged on the BSE.
The mini Navratan central government undertaking had set a target of generating 8,700 million units of electricity, SJVN Chairman and Managing Director R N Misra said.
The total project cost is Rs 5723.72 crore which will be funded through a combination of 30 percent equity and 70 percent debt, said RN Misra, CMD, SJVN.
SJVN has registered 23.2 percent jump in Q3 net profit at Rs 261.1 crore against Rs 211.9 crore, reported in same quarter last year.
Sun Pharma | Tata Motors | GVK Power | Prabhat Dairy | Ujaas Energy | HPCL | Infibeam | MMTC | Prestige Estates | NMDC | Goodricke Group | BEML | Adani Transmission | NALCO | Muthoot Finance | Repco Home Finance | Voltamp and Reliance Infrastructure are stocks, which are in the news today.
SJVN Ltd today posted 23 per cent jump in its standalone net profit of Rs 261.06 crore in the quarter ended December 31, 2016.
Kunal Saraogi of Equityrush recommends buying Titan Company with a target of Rs 400 and Federal Bank with a target of Rs 87.
Power remains every Indian government‘s Achilles heel, arguably of a different kind this time.