The Prime Minister inaugurated a 60 MW thermal unit at Buxar, and SJVN’s CMD couldn’t contain his joy — until someone asked why revenue didn’t grow. “Because of floods and silt,” came the reply, proving even Mother Nature audits public sector performance. But hold your laughter — things get spicier later: 5 GW hydro dreams in Arunachal, Nepalese megawatts in the making, and 19.8 GW of RE tenders floating like solar balloons. Read on — because when a Navratna talks about “smooth commissioning,” you know irony is working overtime.
At a Glance
- Revenue ₹1,000 Cr (Flat YoY): Growth took a hydropower nap.
- Generation 9,442 MU: Up 6.3%, mostly powered by Bikaner’s sunny optimism.
- Capex ₹7,500 Cr: CFO says “100% target achievable” — we’ve heard that one before.
- Debt ₹30,000 Cr: Hydropower projects don’t come with light EMIs.
- Buxar Unit 1 COD imminent: Engineers praying paperwork runs on solar power.
- Stock sentiment: Investors think “clean energy” means “clean profit.” Cute.
Management’s Key Commentary
“Unit 1 of 1320 MW Buxar project achieved 72-hour full-load run; COD soon.”
(Translation: We ran it for three days straight; now comes the paperwork marathon.)
“Second unit to be commissioned by Jan-Feb 2026.”
(Read: If the gods of red tape allow, we’ll light it up before Holi.)
“Generated 9,442 million units this year vs 8,880 last year.”
(Progress! Courtesy of the sun, not the silted rivers.) ☀️
“SJVN now at 3,146 MW operational capacity, adding 3500 MW soon.”
(Minor detail: ‘Soon’ means anything between Q4 FY26 and divine intervention.)
“Assigned PM Surya Ghar Yojana across three states.”
(Translation: Solar on rooftops, bureaucrats on spreadsheets.)
“Received SCOPE Eminence Award in HR from the President.”
(Which means employees are happier than the investors, apparently.) 😏
“Committed to 500 GW renewable target by 2030.”
(Achievable, if Excel sheets could generate electricity.)
Numbers
