The SJVN Limited board approved securitizing up to ₹1,000 Crores of future revenue from the Nathpa Jhakri Hydro Electric Project. It also approved the appointment of Shri Sipan Kumar Garg as the Chief Financial Officer. The meeting concluded with approval of the September 2025 quarter results and other regulatory disclosures. These decisions aim to boost financial targets and strengthen leadership.
Funds Secured Through Securitization
SJVN Limited’s board has approved raising funds up to ₹1,000 Crores through securitization of the balance future Revenue/Return on Equity (ROE) from the Natpha Jhakri Hydro Electric Project (1,500 MW). This strategic move is intended to help achieve targets for FY 2025-26 under the National Monetization Pipelines initiative.
Appointment of New Chief Financial Officer
Shri Sipan Kumar Garg has been appointed as the new Chief Financial Officer of the company. His appointment was officially approved during the board meeting. More details about his background are available in Annexure – D.
Financial Results and Regulatory Compliance
The board has approved the standalone and consolidated financial results for the quarter ended September 30, 2025, with supporting auditor’s reports attached as Annexure – A. Additionally, the board addressed compliance with SEBI regulations concerning the utilization of issue proceeds for Non-Convertible Debt Securities (Annexure – B) and security cover details (Annexure – С).
Devasari Hydro Electric Project Update
Survey and Investigation work remains on hold for the Devasari Hydro Electric Project in Uttarakhand. The company has engaged with authorities for resumption. Expenses on this project total ₹250.98 crore, including capital work in progress. SJVN is hopeful for a resolution.
Himachal Pradesh Project Negotiations
Three hydro projects (Luhri, Sunni Dam, Dhaulasidh) allotted through MOU by Himachal Pradesh are under renegotiation. The government may reconsider assigning these projects to SJVN. Expenditures related to these projects amount to ₹749.79 crore and ₹2715.01 crore, continuing to be recognized in financial statements.
Source: BSE
