SJVN sets new record; achieves CAPEX of Rs 8240 crore in FY 2022-23

New Delhi: SJVN Limited has successfully achieved its ambitious capital expenditure (CAPEX) target for fiscal year 2022-23. With Rs 8,240 crores, the company has surpassed the target of Rs 8,000 crores assigned by Ministry of Power. This information has been given by SJVN Limited's CMD NL Sharma.

Sharma said that under the leadership of Prime Minister Narendra Modi and guidance of Union Power Minister RK Singh, SJVN has achieved this target to contribute in economic and infrastructural growth of the nation.

Sharma apprised that the CAPEX target of Rs 8,000 crores was the third highest amongst power CPSEs for FY 2022-23. The year-over-year growth is 58 percent as compared to the previous fiscal year. In last six years, the company has experienced 65 percent compound annual growth rate (CAGR). The hydro projects being implemented in India and abroad have registered expenditure jump of 30 percent from last financial year.

The renewable projects of the company have witnessed massive surge of 548 percent in CAPEX as compared to FY 2021-22. Riding high on this achievement, the company is now set to achieve the gigantic CAPEX target of Rs 10,000 crores for FY 2023-24.

“SJVN has continued its exemplary performance in power generation and has achieved 9335 million units from all its power stations in FY 2022-23 surpassing the previous year’s generation. Also, 1500 NJHPS has achieved its all-time high plant availability factor of 106.653 percent since commissioning,” SJVN said in an official statement.

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