SJVN announced that Raj Kumar Chaudhary (DIN: 10198931), CMD, NHPC, has assumed charge of the Chairman and Managing Director, SJVN with effect from 28 November 2024. Consequent to the above, Sushil Sharma (DIN: 08776440), Director (Projects), SJVN ceases to hold the additional charge of the post of CMD, SJVN. Powered by Capital Market - Live

Under the MoU, the company would develop 5 GW pumped storage projects and 2 GW floating solar projects in the state. Both the parties have agreed to collaborate for development of renewable energy on long term basis. SJVN is engaged principally engaged in electricity generation. The company is also engaged in the business of providing consultancy. The company reported 23.53% rise in consolidated net profit to Rs 441.14 crore in Q2 FY25 as against Rs 357.09 crore posted in Q1 FY25. Revenue from operations jumped 17.90% to Rs 1,026.25 crore in the second quarter of FY24 as against Rs 870.37 crore posted in Q1 FY25 The counter declined 1.85% to settle at Rs 103.50 on Thursday, 21 November 2024.Powered by Capital Market - Live

Net profit of SJVN rose 0.34% to Rs 441.14 crore in the quarter ended September 2024 as against Rs 439.64 crore during the previous quarter ended September 2023. Sales rose 16.84% to Rs 1026.25 crore in the quarter ended September 2024 as against Rs 878.36 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales1026.25878.36 17 OPM %80.7280.40 - PBDT722.49670.71 8 PBT589.69568.83 4 NP441.14439.64 0 Powered by Capital Market - Live

Revenue from operations jumped 17.90% to Rs 1,026.25 crore in the second quarter of FY24 as against Rs 870.37 crore posted in Q1 FY25. On year on year basis, the company in Q2 FY25 recorded marginally higher net profit compared to Rs 439.64 crore in Q2 FY24. Revenue gained 16.83% YoY in Q2 FY25 from Rs 878.36 crore posted in Q2 FY24. Profit before tax was at Rs 580.57 crore in the second quarter of FY25, up 4.68% as against Rs 554.57 crore posted in Q2 FY24. Total expenses ralllied 32.61% year on year to Rs 528.88 crore in the quarter ended 30 September 2024. Employee benefit expenses stood at Rs 72.48 crore (up 14.52% YoY) and finance cost stood at Rs 198.23 crore (up 59.66% YoY) during the period under review. On half year basis, the company's net profit rose 12.03% to Rs 796.99 crore on 22.14% increased in revenue from operations to Rs 1,896.62 crore in H1 FY25 over H1 FY24. SJVN is engaged principally engaged in electricity generation. The company is also engaged in the business of providing consultancy.Powered by Capital Market - Live

SJVN has revised the meeting of the Board of Directors which was scheduled to be held on 7 November 2024. The meeting will now be held on 5 November 2024.Powered by Capital Market - Live

SJVN will hold a meeting of the Board of Directors of the Company on 7 November 2024.Powered by Capital Market - Live

The domestic equity benchmarks reversed all gains and traded with minor losses in afternoon trade. The Nifty traded below the 26,200 level after hitting the day's high of 26,277.35 in mid-morning trade. Oil & gas, metal and pharma shares advanced while realty, media and bank shares declined. At 13:30 IST, the barometer index, the S&P BSE Sensex declined 232.68 points or 0.27% to 85,605.23. The Nifty 50 index fell 31.80 points or 0.12% to 26,184.25. The Sensex and Nifty clocked an all-time high of 85,978.25 and 26,277.35, respectively in mid-morning trade. In the broader market, the S&P BSE Mid-Cap index rose 0.04% and the S&P BSE Small-Cap index added 0.06%. The market breadth was Positive. On the BSE, 2,070 shares rose and 1,778 shares fell. A total of 128 shares were unchanged. Gainers & Losers: Bharat Petroleum Corporation (BPCL) (up 6.55%), Sun Pharmaceutical Industries (up 2.54%), Cipla (up 2.42%), Hindalco Industries (up 1.83%) and HCL Technologies (up 1.81%) were major Nifty gainers. Power Grid Corporation of India (down 3.06%), Bharti Airtel (down 2.36%), Hero Motocorp (down 1.57%), Larsen Toubro (down 1.54%) and HDFC Bank (down 1.44%) were major Nifty losers. Stocks in Spotlight: SJVN advanced 5.34% after the company said that it has signed two memorandums of understandings (MoUs) with Government of Maharashtra for development of pumped storage projects (PSP) and floating solar projects in Maharashtra. The total estimated investment on these projects will be to the tune of Rs 48,000 crore. PC Jeweller hits upper circuit of 5% after the Bank of India submitted its approval to the One Time Settlement (OTS) proposal submitted by the company to settle the outstanding dues. RailTel Corporation of India added 1.86% after the company announced that it has received the work order from Rural Development Department, Mantralaya, Maharashtra, amounting to Rs 155.71 crore. Rites fell 1.78%. The company informed that its consortium has been declared as lowest bidder (L-1) for retrofit work in RS-1 trains of Delhi Metro Rail Corporation (DMRC). The estimated value of the bid is approximately Rs 87.58 crore including GST, wherein, the company's share in said project is 49%, amounting to around Rs 42.91 crore. Bondada Engineering added 3.72% after the company has received an order from KPI Green Energy for supply of material for solar power generation plant. The project is valued at Rs 467.99 crore and is expected to be completed within 12 months from the date of receipt of the purchase order (PO). Biocon fell 0.59%. The company said that it has signed a licensing and supply agreement with Tabuk Pharmaceutical Manufacturing Company to commercialize its GLP-1 products for treating diabetes and chronic weight management, in select countries of the Middle East. Rail Vikas Nigam (RVNL) rose 0.80%. The company announced that it has signed memorandum of understanding (MoU) with Engineers India (EIL) to explore global business opportunities. Indian Bank rose 0.18%. The bank said that its board, at the meeting held on Thursday (26 September 2024) has approved for raising additional long term infrastructure bonds aggregating up to Rs 5000 crore, in one or more tranches. The fund raising would be over and above Rs 5000 crore already raised by the bank in current FY 2024-25. Global Markets: European market traded higher as France showed the country's harmonized inflation rate fell sharply in September. Harmonized consumer prices came in at 1.5% in September, down from 2.2% in August, according to the French statistics office Insee. This month's figure is below the European Central Bank's 2% inflation target. Most of the Asian stocks traded higher on Friday as Tokyo's inflation rate for September eased to 2.2% from 2.6%, while core inflation rate came in at 2%, declining from 2.4% in August. China's central bank cut its 7-day reverse repurchase rate to 1.5% from 1.7%, as well as lowered the reserve requirement ratio for banks by 50 basis points. China's industrial profit data for August saw a 17.8% plunge year on year, following a 4.1% year-on-year increase in July. The People's Bank of China unveiled one of its most aggressive policy packages in years on Tuesday, aimed at boosting the slowing economy and restoring investor confidence. US stocks surged on Thursday, with the S&P 500 reaching a new all-time high. Investors welcomed positive economic data and Micron's strong earnings report. The Dow Jones Industrial Average gained 0.62%, the S&P 500 rose 0.4%, and the tech-heavy Nasdaq Composite increased 0.6%. Micron's shares soared, driving gains in the broader chip sector. The US economy grew at a 3% annual rate in the second quarter, driven by consumer spending, inventory investment, and business investment. Additionally, weekly jobless claims fell to the lowest level since mid-May, indicating a strong labor market. Micron Technology's shares jumped 17.3% after the company forecast higher-than-expected revenue for the upcoming quarter due to strong demand for memory chips. Powered by Capital Market - Live

The headline equity benchmarks traded with significant gains in mid-afternoon trade. The Nifty traded above the 25,100 level after hitting the day's low of 24,896.80 in morning trade. Metal shares advanced after declining in the past two consecutive trading sessions. At 14:30 IST, the barometer index, the S&P BSE Sensex, jumped 575.49 points or 0.71% to 82,135.03. The Nifty 50 index gained 170.65 points or 0.68% to 25,107.05. The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index rose 0.82% and the S&P BSE Small-Cap index gained 1.41%. The market breadth was strong. On the BSE, 2,625 shares rose and 1,265 shares fell. A total of 118 shares were unchanged. Economy: The GST Council has slashed the GST rate on cancer drugs from 12% to 5% to ease the financial burden on patients. It also reduced GST on selected snacks and exempted research funds for universities. A GoM has been formed to explore reducing tax rates on life and health insurance, and another to address compensation cess. The council received status reports on rate rationalization, real estate, and online gaming. Car seat GST increased to 28%, while RMPU air conditioners for railways and approved flying training courses were exempted from GST. Buzzing Index: The Nifty Metal index rose 1.13% to 9,201.75. The index fell 1.23% in past two consecutive trading sessions. National Aluminium Company (up 3.10%), Jindal Stainless (up 2.73%), Jindal Steel & Power (up 2.37%), NMDC (up 1.88%), Steel Authority of India (up 1.88%), APL Apollo Tubes (up 1.82%), Hindustan Copper (up 1.76%), Welspun Corp (up 1.13%), Adani Enterprises (up 1.04%) and Tata Steel (up 0.94%) advanced. Numbers to Track: The yield on India's 10-year benchmark federal paper rose 0.01% to 6.969 as compared with previous close 6.968. In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 83.9750, compared with its close of 83.9550 during the previous trading session. MCX Gold futures for 4 October 2024 settlement added 0.02% to Rs 71,627. The US Dollar index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.11% to 101.66. The United States 10-year bond yield added 0.60% to 3.720. In the commodities market, Brent crude for November 2024 settlement fell 48 cents or 0.67% to $71.36 a barrel. Stocks in Spotlight : SJVN jumped 4.67% after the company announced the signing of an MoU with GMR Upper Karnali Hydro Power and IREDA for development of Upper Karnali Hydro Electric Project (900 MW) in Nepal. IRB Infrastructure Developers rose 0.79%. The company's toll collection jumped 20.46% to Rs 502.6 crore in August 2024 as against Rs 417.2 crore posted in August 2023. Powered by Capital Market - Live

The aforementioned entities will form a joint venture (JV) company in Nepal for the execution of this project. SJVN and GMR will hold 34% shareholding each and IREDA will have 5% shareholding in the proposed JV. The balance Equity will be held by NEA (Nepal Electricity Authority). The project shall be developed on BOOT basis with 25 years concessional period after commissioning. The approximate project cost shall be Rs 9,100 crore. The project is proposed to be funded through 70:30 debt equity ratio. SJVN is engaged principally engaged in electricity generation. The company is also engaged in the business of providing consultancy. Powered by Capital Market - Live

SJVN (the company), GMR Upper Karnali Hydro Power (GMR) and IREDA has signed a MoU for development of Upper Karnali Hydro Electric Project (900 MW) through JV Company in Nepal. The company and GMR will hold 34% shareholding each and IREDA will have 5% shareholding in the proposed JV. The balance equity will be held by NEA (Nepal Electricity Authority). The project shall be developed on BOOT basis with 25 years concessional period after commissioning. The approximate project cost shall be Rs 9,100 crore. The project is proposed to be funded through 70:30 debt equity ratio.Powered by Capital Market - Live