Sjvn Limited · NSE:SJVN
Sjvn — Investor Presentation (April 2025)
41 slides from Sjvn's investor presentation, Apr 3, 2025
Slide 1: Exchange filing cover letter: Investor Presentation FY 2024-25
एसजेवीएन लिलिटे ड SJVN Limited (A Joint Venture of Govt. of India & Govt. of H.P.) A Navratna CPSE CIN: L40101HP1988GOI008409 SJVN/CS/93/2025- Date: 03/04/2025 NSE Symbol: SJVN-EQ SCRIP CODE: 533206 National Stock Exchange of India Limited, BSE Limited, Exchange Plaza, Phiroze Jeejeebhoy Towers, Ban
Slide 2: Investor Presentation Financial Year 24-25: December 2024
Clean Power For Every Home INVESTOR PRESENTATION FINANCIAL YEAR 24-25 : December, 2024 Salal Power Station, J&K
Slide 3: Presentation Outline
Presentation Outline 2 SJVN Today Financial Highlights Financial Ratios Projects at a Glance Projects under Pipeline & New Initiatives Our Vision: To be best-in-class Indian Power Company globally admired for developing affordable clean power and sustainable value to all stake holders.
Slide 4: SJVN Today
SJVN-Today Arun-3 HEP 3 Dhaulasidh HEP Buxar TPP Bikaner SPP
Slide 5: Physical Snapshot
PHYSICAL SNAPSHOT 4 Installed Project Status No. Capacity Capacity Under 12 2467 MW Operation 2# 123 km# Under Under 17 4936 MW Construction 3# 268 km# Construction Under Pre- 18 9067 MW Awaiting Construction Clearances Under Survey & 22 17211 MW Investigation Under# - Transmission Line Projects Pip
Slide 6: Physical Snapshot
PHYSICAL SNAPSHOT 5 ❖ Power Stations under Operation-12 Nos. (2467 MW) Installed • Power Stations with SJVN- 7 Nos. (2076.5 MW) Capacity • Power Stations with Subsidiary-5 Nos. (390 MW) Status Capacity (MW) Operational Projects 2,466.5 ❖ Projects Under Construction (i/c Subsidiaries): 17 Nos. Under
Slide 7: SJVN's Track Record – A Ten Year Digest
SJVN‘s Track Record – A Ten Year Digest 6 Generation (in M.U.) Actual FY’25 Actual FY’24 Installed Capacity • 3292 • 2107 9678 Q-1 Q-1 9348 9282 9335 9224 9208 • 4729 • 4240 Under 9046 Q-2 Q-2 Construction 8435 8489 • 1593 • 1262 8138 Q-3 Q-3 Awaiting Clearances • 713 • 592 Q-4 Q-4 Cumm. • 10327 • 8
Slide 8: Financial Highlights
7 Financial Highlights Clean Power For Every Home
Slide 9: Financial Highlights: Standalone
Financial Highlights : Standalone 8 FY 2024-25 (₹ in Crore) FY 2023-24 (₹ in Crore) % Change Particulars Nine Months Nine Months Nine Months Quarter ended Quarter ended ended Quarter ended Year ended ended ended Revenue & Expenditure-Analysis 31.12.2024 31.12.2024 31.12.2023 31.12.2023 31.03.2024 31
Slide 10: Statement of Assets & Liabilities
Statement of Assets & Liabilities 9 ₹ In Crores ASSETS 31.12.2024 31.03.2024 Non - current assets Property, plant and equipment 7698.47 7980.27 Capital work-in-progress 3269.07 2735.55 Intangible Assets 1.17 1.51 Financial Assets Investments 8826.18 7931.45 Loans 793.37 645.69 Other financial assets
Slide 11: Debtors Position
Debtors Position 10 Total Debtors (₹ in Cr.) As on As on As on As on As on S. N. Particulars 31.12.2024 30.09.2024 30.06.2024 31.03.2024 31.12.2023 1 Trade Receivables 266.71 440.50 357.75 165.59 254.13 2 More than 45 days 40.75 156.98 105.47 67.61 112.54 Top Four Debtors (₹ in Cr.) Awaiting 31.12.2
Slide 12: Incentives Position
Incentives Position 11 Comparative Incentive (₹ in Cr.) Sl. Particulars FY24-25 FY23-24 Q-1 Q-2 Q-3 Total Q-1 Q-2 Q-3 Total 1 Secondary Energy - - 19.15 19.15 - - - - 2 PAF Incentives 57.73 68.80 43.42 169.95 62.86 51.25 42.24 156.35 3 Deviation Charges 7.87 11.87 5.90 25.64 5.10 8.18 7.54 20.82 Tot
Slide 13: Key Financials: Nine Months ended 31.12.2024
Key Financials : Nine Months ended 31.12.2024 P&L Amount (₹ in Cr.) Particulars Amount (₹ in Cr.) 12 Total Income 2679.47 Share Capital 3929.80 EBITDA 2070.99 Net worth 14710.88 EBITDA Margin 77.29% Long Term Debt 9498.53 PAT 939.46 Cash & Bank Bal. 2355.90 Profit Margin 35.06% Gross Block 12232.63
Slide 14: SJVN – Key Ratios
SJVN – Key Ratios Nine Months ended FY 2023-24 13 S. 31.12.2024 Particulars No. Standalone Consolidated Standalone Consolidated 1 PAT (₹ in Cr.) 939.46 945.74 908.40 911.44 2 Net -wort h ( ₹ in Cr.) 14710.88 14765.81 14030.28 14070.85 3 No. of Equit y Shares ( ₹ in Cr.) 392.98 392.98 392.98 392.98 4
Slide 15: SJVN Group Data
SJVN Group Data 14 Amount (₹ in Cr.) Nine Months Nine Months For the Year ended ended ended Particulars Group 31.12.2024 31.12.2023 31.03.2024 Share of Profit from JV 3.06 3.27 4.19 Profit of Subsidiaries 7.95 5.02 -0.05 Group Debt 25,260.14 17,587.24 20,251.65 Group Net Worth 14,765.81 14,464.78 14
Slide 16: SGEL (Subsidiary) – Snapshots: FY 24-25
SGEL (Subsidiary) – Snapshots : FY 24-25 Shareholding Pattern : 100 % subsidiary of SJVN 15 Physical Performance Installed Capacity : 390 MW (Feb 2025) 700 600 500 Design Energy : 661.84 MUs (Feb 2025) 400 300 200 100 Generation : 586.53 MU(FY’24-25) 195.08 MUs (FY’23- 0 24), 50.22 MUs (FY’22-23) 20
Slide 17: SGEL – Financial Highlights: FY 24-25 upto 31.12.2024
SGEL– Financial Highlights : FY 24-25 upto 31.12.2024 (₹ in Cr.) 16 FY’24-25 FY’23-24 % Change Nine Month Qtr-3 Nine Qtr-3 Year ended Nine Qtr-3 Particulars Ended Month 31.03.2024 Month 31.12.2024 Ended Ended 31.12.2023 Actual Generation (in MU) 283.72 128.24 81.39 36.33 195.08 248.59% 252.98% Actua
Slide 18: SJVN – Capacity Addition & Regulated Equity (Hydro)
SJVN – Capacity Addition & Regulated Equity (Hydro) Progressive Capacity Addition 17 Buxar TPP: 1320 MW; Bikaner SPP: 1000 MW GUVNL Projects: 560 MW; APDCL Projects: 120 MW & Other Projects: 378 MW Cap. Add. 25-26/ Cuml. Cap. 3378 5845 MW Omkareshwar SPP: 90 MW Cap.Add. 24-25/ Cuml. Cap. 2467 MW 90
Slide 19: SJVN – CAPEX
SJVN– CAPEX 18 F.Y Amount (Rs. In Crore) 2017-18 407 2018-19 863 2019-20 1250 2020-21 2584 2021-22 4675 2022-23 9035 2023-24 7371 2024-25 (as on 28.02.25) 5171
Slide 20: SJVN – Major Highlights during the period
SJVN – Major Highlights during the period 19 ❖ Raghanesda SPS (100 MW): COD declared on 03.04.2024. ❖ Solar Power Projects in Assam: Contract agreement for 70 MW Solar Project signed with M/s Rays Power Infra Pvt. Ltd. on 03.04.2024 and Contract Agreement for 50 MW Solar Project signed with M/s Sola
Slide 21: SJVN – Major Highlights during the period
SJVN – Major Highlights during the period 20 ❖ Arun-3 HEP: Hon’ble Prime Minister of Nepal triggered the last blast to mark the completion of heading excavation of HRT on 04.06.2024. ❖ Investment approval of Rs. 5792.36 crores (Cost to Completion) at levelized tariff of Rs. 4.99/ Unit for Lower Arun
Slide 22: SJVN – Major Highlights during the period
SJVN – Major Highlights during the period 21 ❖ MoUs signed with Government of Maharashtra on 26.09.2024 to develop 8,100 MW PSPs & 505 MW Floating Solar Project. ❖ SJVN adjudged as 1st Runner-up in ‘SHRM Award for Excellence in Managing Workforce’ and secured 2nd Runner-up position in ‘SHRM Award fo
Slide 23: SJVN Projects At A Glance
22 SJVN Projects At A Glance SJVN-Energising India
Slide 24: SJVN: Projects Under Construction
SJVN: Projects Under Construction SJVN Standalone 23 Provisional Installed Design CCEA Estimated Anticipated Project Expected Type of the Project Capacity Energy Cost (Rs. Crore) Project Cost Expenditure Commissioning project (MW) (MU) (Price Level) (Rs. Crore) till –Feb’25 Schedule (Rs. Crore) Luhr
Slide 25: SJVN: Projects Under Construction
SJVN: Projects Under Construction Subsidiary- SAPDC 24 CCEA Provisional Installed Design Estimated Project Expected Type of the Anticipated Project Project Capacity Energy Cost (Rs. Expenditure Commissioning project Cost (Rs. Crore) (MW) (MU) Crore) (Price till –Feb’25 Schedule Level) (Rs. Crore) 90
Slide 26: SJVN: Projects Under Construction
SJVN: Projects Under Construction Subsidiary- SGEL 25 Installed Approved Project Expected Design Project Capacity Cost Tariff Expenditure till – Commissioning Status of PPA Energy (MU) (MW) (Rs. Crore) Feb’25 (Rs. Crore) Schedule Bagodara SPP (Gujarat) 70 176.72 339.35 2.21 315.95 Dec-25 PPA Signed
Slide 27: Projects under Pipeline
26 Projects under Pipeline Clean Power For EVERY HOME
Slide 28: SJVN: Projects under Pre-Construction
SJVN: Projects under Pre-Construction A. Standalone 27 Expected Tentative Capacity Estimated Capital Cost S.No Name of Project Commissioning Tariff Status of PPA (MW) (in Crs.) Schedule (Rs./unit) 438.39 PPAs are yet to be 1 Jakhol Sankri HEP (Uttarakhand) 44 (Without Transmission line) FY 2030-31 6
Slide 29: SJVN: Projects under Pre-Construction
SJVN: Projects under Pre-Construction B. Subsidiary- SLPDC 28 Expected Tentative Capacity Estimated S.No Name of Project Commissioning Tariff Status of PPA (MW) Capital Cost Schedule (Rs./unit) 1 Lower Arun HEP (Nepal) 669 5792.36 2029-30 4.99 PPAs are yet to be signed. Total- B 669 5792.36
Slide 30: SJVN: Projects under Pre-Construction
SJVN: Projects under Pre-Construction B. Subsidiary- SGEL 29 Bidding Capacity Estimated Capital Expected Commissioning S.No. Name of Project Tentative Tariff (Rs./unit) Status of PPA Trajectory (MW) Cost (in Crs.) Schedule 1. Banka Solar PP in Bihar BREDA FY2020-21 75 375 Dec-26 3.11 - 2. Jamui Phas
Slide 31: SJVN: Projects under Survey and Investigation
SJVN: Projects under Survey and Investigation Standalone 30 Installed Cost S. Design Projects Capacity (In Crore) Status N. Energy (MUs) (MW) & PL • All S&I activities/works which are required for revision of DPR are on hold in 1 Devsari HEP compliance of Ministry of Power letter dated 06.07.2021. C
Slide 32: SJVN: Solar Projects under Survey and Investigation
SJVN: Solar Projects under Survey and Investigation Subsidiary/ JV Mode 31 Installed Design Energy Cost S.No Projects Status Capacity (MW) (MUs) (In Cr.) & PL 1 630 2799.75 5629.17 • MoU signed with GoN on 16.05.2022. June 2022 • Investment approval for pre-construction activities amounting to Rs 41
Slide 33: SJVN: Solar Projects under Survey and Investigation
SJVN: Solar Projects under Survey and Investigation Subsidiary/ JV Mode Installed Design 32 Cost S.No Projects Capacity Energy Status (In Cr.) & PL (MW) (MUs) • DPR submitted to CEA on 19.10.2024. • 250 acre land required has been identified, details submitted to Distt. Adm. for verification. 3 Buxa
Slide 34: SJVN: Solar Projects under Survey and Investigation
SJVN: Solar Projects under Survey and Investigation Subsidiary/ JV Mode Installed 33 Design Energy Cost (In Cr.) S.No Projects Capacity Status (MUs) & PL (MW) • SJVN has approached Govt. of Karnataka vide letter dated 03.01.2024,11.03.2024 and 07.05.2024 (and Govt. of Maharashtra vide letter dated 0
Slide 35: New Initiatives: Pumped Storage Schemes
34 New Initiatives ❑Pumped Storage Schemes Green Power, Clean Power
Slide 36: New Initiatives: Pump Storage Project Scheme (Maharashtra)
New Initiatives Pump Storage Project Scheme 35 (1) Maharashtra Installed Capacity S.No Name/Place of PSP Present Status (MW) 1 Jalvara PSP 2220 ➢ MOU has been signed on 26.09.2023 between SJVN and the Department of Water Resource, Govt of Maharashtra(GoM) for the establishment of Jalvara (2220 MW) ,
Slide 37: New Initiatives: Pump Storage Project Scheme (Bihar)
New Initiatives Pump Storage Project Scheme 36 (2) Bihar (under JV mode with BSGPCL) Installed S.No Name/Place of PSP Present Status Capacity (MW) 1 Hatiadah Durgawati PSP 1000 ➢ SJVN was declared Nodal agency for PSP in Bihar by the Ministry of Power, GoI in August 2022. ➢ Hatiadah Durgawati PSP(16
Slide 38: New Initiatives: Pump Storage Project Scheme
New Initiatives Pump Storage Project Scheme 37 (3) Chhattisgarh Name/Place of Installed S.No Present Status PSP Capacity (MW) 1 Kotpali 1800 ➢ MoU for development of Kotpali PSP signed on 10.03.2025 with the Govt. of Chhattisgarh. ➢ Kotpali PSP (1800MW) shall be developed as JV mode with SJVN and CS
Slide 39: SJVN: Standalone Projects in Operation
SJVN: Standalone Projects in Operation Hydro 38 Installed Design Year of Capital Cost Tariff S. No Project Capacity Energy Type of the project comm. as on 31.12.24 (Rs. /Kwh) (MW) (MU) 1 Nathpa Jhakri HPS (HP) 1500 6612.00 2004 (May) 9029.34 2.41 Run of River (ROR) with small pondage 2 Rampur HPS (H
Slide 40: SJVN: Subsidiary Projects in Operation
SJVN: Subsidiary Projects in Operation Renewable Energy (Solar/ Wind) 39 Installed Design Year of Capital Cost as Tariff S.No Project Capacity Energy Type of the project Comm. on 31.12.2024 (Rs./unit) (MW) (MU) 1 Parasan Solar PP (UP) 75 168.00 2022 423.54 2.68 Ground Mounted Solar 2 Gurhah Solar PP
Slide 41: SJVN-Energising India
40 SJVN-Energising India