Aim to spend Rs 8,000 cr capex in FY23 & over Rs 10,000 cr in FY24: SJVN
SJVN is in focus after reporting their highest ever electricity generation of 1,480 million units in the quarter gone by. Speaking to CNBC-TV18 Nand Lal Sharma, CMD of SJVN said they aim to spend Rs 8,000 crore for capex in FY23 and Rs 10,000 crore in FY24.
Satluj Jal Vidyut Nigam (SJVN) is in focus after the hydropower public sector undertaking reported its highest-ever electricity generation of 1,480 million units in the quarter gone by.
Speaking to CNBC-TV18 Nand Lal Sharma, CMD of SJVN said, “This year we have recorded the highest generation of so far of 1,480 million units against the last year generation of 1,281 million units. It was 7.7 percent higher than the last year’s generation.”
On capex, Sharma added, “The target for next year is Rs 8,000 crore. Keeping in view our growth trajectory we are poised to achieve that target of 8000 next year and next to next year we will be aiming or targeting more than Rs 10,000 crore capex.”
At 1:10 pm, shares of the SJVN were trading 0.16 percent higher at Rs 30.50.
For full management commentary, watch the video.
First Published: Jan 7, 2022 1:09 PM IST
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
Gonda Lok Sabha election: BJP's Kirti Vardhan Singh takes on Beni Prasad Verma's granddaughter Shreya
May 19, 2024 10:19 PM
Faizabad Lok Sabha election: Can Ayodhya Ram Temple strengthen BJP's stronghold here?
May 19, 2024 10:16 PM
Amethi Lok Sabha election: Can BJP's Smriti Irani retain the Congress bastion she won in 2019?
May 19, 2024 10:12 PM
Rae Bareli Lok Sabha Election: Can Rahul hold on to this Gandhi family bastion?
May 19, 2024 10:09 PM