Stock Pick: SJVN
SJVN has diversified into alternate energy sources such as wind and solar energy and power transmission
By OLM Desk
Satluj Jal Vidyut Nigam Ltd (SJVN) is a joint venture between the Government of India and Government of Himachal Pradesh and is primarily a hydroelectric power company. SJVN has diversified into alternate energy sources such as wind and solar energy and power transmission. It has an installed capacity of 1,959.6MW, of which 1912MW is hydro power and 47.6MW wind power.
The company has increased its revenue streams which now include income from sale of electricity, consultancy and interest earned on investment of surplus funds. The company is constantly striving to expand its base both in national and international arena.