SJVN

NEW DELHI, July 13 (Reuters) - India has asked renewable energy companies to either surrender transmission rights or provide higher bank guarantees if they fail to generate power, as the country seeks to free up grid capacity for projects that are actually producing electricity, according to a regulatory order.

Here are some details:

• The companies can also transfer transmission rights for their group utility that are generating but does not have connectivity to grid, an order from the Central Electricity Regulatory Commission dated July 11 said.

• A substantial amount of renewable energy capacity has been awarded between 2019-2025 to power producers, but most of it does not yet have customers, the CERC said.

• As a result, transmission access is being occupied by projects that may not move ahead, and CERC believes about 15.7 GW of this connectivity could be released for other developers.

• Power producers can also retain transmission connectivity, provide additional bank guarantees, but develop the power project independently, the CERC said.

• Connectivity surrendered will first be offered to existing applicants in the same substation cluster and any remaining capacity will be auctioned.

  
  

(Reporting by Sethuraman NR, Editing by Louise Heavens)

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Prime Minister Narendra Modi inaugurated SJVN's 1,000 MW Bikaner Solar Power Project in Pachpadra, Rajasthan, marking the commissioning of India's largest single-location solar plant under the Domestic Content Requirement category. Built with an investment of ₹5,492 crore across nearly 5,000 acres, the project is expected to generate approximately 2,454.84 million units in its first year and reduce carbon emissions by 2.79 billion kilograms over its 25-year operational life. The electricity will be supplied to Rajasthan, Uttarakhand, and Jammu & Kashmir, reinforcing the national clean-energy network.

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SJVN signed power purchase agreements with Gujarat Urja Vikas Nigam Limited on June 29 for electricity supply from three of its upcoming hydro electric projects in Himachal Pradesh. The pacts cover the 66 MW Dhaulasidh, 210 MW Luhri Stage-I and 382 MW Sunni Dam projects, locking in long-term offtake for the entire combined capacity of 658 MW. The agreements were signed in Vadodara by senior officials of both organisations, with the company stating they reinforce its position in India's green energy transition.

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June 29 (Reuters) - SJVN Ltd SJVN.NS:

• SJVN - SIGNS POWER PURCHASE AGREEMENTS WITH GUVNL FOR 658 MW HYDRO PROJECTS IN HIMACHAL PRADESH

Source text: ID:nBSE3tHk74

Further company coverage: SJVN.NS

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April 10 (Reuters) - SJVN Ltd SJVN.NS:

• SJVN LTD- APPOINTS PARTHAJIT DE AS CFO

Source text: ID:nnAZN4SQ6FH

Further company coverage: SJVN.NS

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April 1 (Reuters) - SJVN Ltd SJVN.NS:

• SJVN LTD - GENERATED 13302 MILLION UNITS OF ENERGY DURING FY26

Source text: [ID:]

Further company coverage: SJVN.NS

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March 12 (Reuters) - ACME Solar Holdings Ltd ACMO.NS:

• ACME SOLAR HOLDINGS LTD - SIGNS TWO PPAS WITH SJVN FOR 450 MW/1,800 MWH CAPACITY

Source text: ID:nBSE9ZtJzY

Further company coverage: ACMO.NS

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March 9 (Reuters) - SJVN Ltd SJVN.NS:

• NATHPA JHAKRI HYDRO POWER STATION CROSSES 150 BILLION UNITS GENERATION MILESTONE

Source text: ID:nBSE2PgSHy

Further company coverage: SJVN.NS

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** Shares of SJVN SJVN.NS rises 4.6% to 76.4 rupees, their biggest intraday pct-gain in over a month.

** Power generation co's Q3 consol net profit climbs 50.6% Y/Y, helped by higher demand for power; rev up 61%

** Stock up 0.8% YTD

(Reporting by Aleef Jahan in Bengaluru)

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** Shares of Indian solar panel, cell makers jump following India and the United States long-awaited trade deal

** Shares of Waaree Energies Ltd WAAN.NS climbs 13.6%, Premier Energies PEME.NS up 9.2%, Saatvik Green Energy SAAT.NS rise 6.3%

** Adani Enterprises Ltd ADEL.NS up 11.2% and Vikram Solar Ltd VIKO.NS gains 8.2%

** "The U.S. decision to reduce tariffs on Indian goods from 25% to 18%, along with the elimination of the additional punitive levy, represents a strategic turning point for the solar sector, rather than just a routine policy change, said Prashant Mathur, CEO of Saatvik Green Energy

** Waaree, Adani, Vikram Solar are top Indian exporters to US

(Reporting by Brijesh Patel in Bengaluru)

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NEW DELHI, Jan 27 (Reuters) - India will stop setting annual targets for clean energy tenders after missing last year's goal and building up a large backlog of projects without buyers, a senior government official said.

Indian developers are already sitting on the rights to build around 43 gigawatts of renewable power for which they have yet to find customers. State utilities have delayed buying clean power, expecting prices to fall and citing uncertainty over power delivery due to delays in transmission infrastructure.

India's clean energy ministry has asked renewable implementation agencies to find buyers for the power from those tenders, Reuters reported in November.

"As per their (implementation agencies') initial evaluation, they are still confident that they will be able to sell quite a lot of power out of that (backlog)," Santosh Kumar Sarangi, a top official at the Ministry of New and Renewable Energy, told Reuters in an interview.

Sarangi said less than half of the unsold capacity may be cancelled.

Against this backdrop, the government plans to change how clean energy tenders are issued, moving away from fixed annual targets. Instead, new tenders will be floated only after assessing demand from state power utilities, Sarangi said.

India had initially planned to auction about 50 GW of new clean energy capacity last year but ended up tendering only around 15 GW, after auctioning about 50 GW each in 2023 and 2024.

Despite the slowdown, Sarangi said India remains on track to meet its target of 500 GW of non-fossil fuel power capacity by 2030. The country added about 38 GW of clean energy capacity in 2025.

"We are not looking at a figure because we have pending bids that need to be finalised," Sarangi said, adding that agencies are engaging with state governments to assess demand.

The Ministry of New and Renewable Energy may also consider changes to the structure of renewable energy implementation agencies, he said.

Power producers NTPC NTPC.NS, NHPC NHPC.NS and SJVN SJVN.NS, which also act as federal renewable tendering agencies, could be relieved of that role, potentially leaving the Solar Energy Corp of India (SECI) as the main agency handling clean energy tenders.

The power producers have asked the government to relieve them from their role as implementation agencies and the government is evaluating the requests, the official said.

Among these agencies, NHPC has the largest volume of unsold tenders at about 15.8 GW, while SECI has the smallest at around 3.9 GW, according to a power ministry document reviewed by Reuters.

(Reporting by Sethuraman NR; editing by Mayank Bhardwaj)

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Nov 4 (Reuters) - SJVN SJVN.NS:

• MINISTRY EXTENDS CMD CHARGE TO BHUPENDER GUPTA FOR THREE MONTHS

Source text: ID:nBSE3g9LQ0

Further company coverage: SJVN.NS

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Sept 30 (Reuters) - SJVN Ltd SJVN.NS:

• SJVN LTD - SJVN GREEN ENERGY ACHIEVES 128.88 MW OPERATION IN BIKANER

Source text: ID:nNSE8wVXpZ

Further company coverage: SJVN.NS

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** Shares of SJVN SJVN.NS rises 3.2% to 100.5 rupees, their highest in a month

** Power generator connects first 660 MW unit of 1320 MW Buxar power project to national grid, marking a key step toward commercial operations

** Project to generate 9,828.72 mln units of electricity annually

** More than 7.7 mln shares traded, nearly 1.5x the 30-day avg

** Stock down 4.4% YTD

(Reporting by Aleef Jahan in Bengaluru)

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June 30 (Reuters) - SJVN Ltd SJVN.NS:

• SJVN LTD - UNIT ACHIEVES COMMERCIAL OPERATION OF 100.25 MW

Source text: ID:nBSE36Z9Pl

Further company coverage: SJVN.NS

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June 23 (Reuters) - Adani Total Gas Ltd ADAG.NS:

• NSE: TO EXCLUDE F&O CONTRACTS ON 8 SECURITIES INCLUDING ADANI TOTAL GAS, JINDAL STAINLESS FROM AUG 29 ON EXPIRY OF EXISTING CONTRACTS

Source text: [https://tinyurl.com/5hdtsnv6]

Further company coverage: ADAG.NS

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June 16 (Reuters) - Nepal has begun exporting 40 megawatts (MW) of electricity to Bangladesh through India's power grid in its first move into the international energy market and positioning India as a key facilitator of regional electricity trading.

Nepal is also exporting 80 MW to Bihar state in India's east, Nepal's Energy Minister Dipak Khadka said on X on Sunday, adding that power exports had unlocked a 5,000 MW export market for the Himalayan nation.

The power transaction follows a tripartite agreement signed in October between Nepal Electricity Authority, Bangladesh Power Development Board, and India's NTPC Vidyut Vyapar Nigam.

India exports electricity to Nepal, Bangladesh and Myanmar, while importing power from Nepal and Bhutan and is discussing plans to integrate its grid with Sri Lanka.

The development comes as Nepal rapidly expands its hydropower capacity, with Indian hydro power producer SJVN SJVN.NS currently developing the 900 MW Arun-3 project in Nepal's Sankhuwasabha district.

In April, India's Power Grid Corporation PGRD.NS and Nepal Electricity Authority agreed to implement high-capacity cross-border transmission infrastructure to facilitate increased power trading.

Nepal, which has installed capacity of more than 3,000 MW, with 95% hydro, has also been seeking Indian investment to boost its hydroelectric output and export surplus power to New Delhi.

(Reporting by Sethuraman NR; Editing by Kate Mayberry)

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** SJVN SJVN.NS falls 6% to two-week low of 95.84 rupees

** Power generator poised for biggest intraday pct drop since Jan. 13

** Co's Q4 loss before exceptional items at 1.46 billion rupees (nearly $17 million); total income down 4.2% y/y, expenses up 15%

** FY2024 Q4 - 324.5 million rupees loss before exceptional items

** Co statement did not mention whether exceptional item will impact future quarters

** Trading volume at nearly 21 million shares, around 2.6X the six-month average daily volume

** YTD, stock down 8%

($1 = 85.5650 Indian rupees)

(Reporting by Vivek Kumar M)

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May 29 (Reuters) - SJVN Ltd SJVN.NS:

• SJVN -APPROVES RAISING OF FUNDS VIA SECURITISATION OF PARTIAL FUTURE UNENCUMBERED FREE CASH FLOW OF NJHPS

Source text: [ID:]

Further company coverage: SJVN.NS

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** Shares of SJVN Ltd SJVN.NS rise as much as 2.1% to 93.2 rupees
** Power generation co says its unit completes trial run of 241.77 MW capacity in phase-I Bikaner solar power project
** Adds, it will commence commercial operation on April 2
** Stock on track to snap two days of losses
** More than 5.5 million shares traded as of 2:38 p.m. IST, more than their 30-day moving avg of over 7.8 mln shares
** SJVN last up 1.9%, cutting YTD losses to 12.6%

(Reporting by Meenakshi Maidas in Bengaluru)

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April 1 (Reuters) - SJVN Ltd SJVN.NS:

• SJVN LTD - SGEL COMPLETES TRIAL RUN OF 241.77 MW BIKANER SOLAR PROJECT

• SJVN LTD - AIMS TO BECOME 25,000 MW COMPANY BY 2030, 50,000 MW BY 2040

Source text: ID:nNSE1gjjR8

Further company coverage: SJVN.NS

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March 10 (Reuters) - SJVN Ltd SJVN.NS:

• SIGNS MOU FOR 1800 MW KOTPALI PSP IN CHHATTISGARH

• TOTAL INVESTMENT FOR KOTPALI PSP PROJECT ESTIMATED AT 95 BILLION RUPEES

Source text: ID:nBSE2NyTQF

Further company coverage: SJVN.NS

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Feb 13 (Reuters) - SJVN Ltd SJVN.NS:

• DEC-QUARTER CONSOL NET PROFIT 1.49 BILLION RUPEES

• DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 6.71 BILLION RUPEES

• DIVIDEND OF 1.15 RUPEES PER SHARE

Source text: [ID:]

Further company coverage: SJVN.NS

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Jan 17 (Reuters) -

• INDIA GOVT: FINALIZED JOINT VENTURE AGREEMENT WITH SJVN LTD., GMR ENERGY LTD., NEPAL ELECTRICITY AUTHORITY FOR 900 MW HYDRO-ELECTRIC PROJECT IN NEPAL

Further company coverage: SJVN.NS

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** Shares of SJVN SJVN.NS rise 2.5% to 106.7 rupees

** Power generation co signs deal with state government for 1,000 MW pumped storage projects, creating employment for 5,000 and investment of about 100 bln rupees ($1.17 bln)

** Stock rose ~15% in 2024, marking its fourth straight year of gains

** Four analysts covering SJVN, on avg, rate it "hold" -LSEG data

($1 = 85.6600 Indian rupees)

(Reporting by Ashna Teresa Britto in Bengaluru)

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Dec 27 (Reuters) - SJVN Ltd SJVN.NS:

• SJVN LTD - APPOINTS SANJAY KUMAR AS CFO

Source text: ID:nNSE7WlcZR

Further company coverage: SJVN.NS

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** Shares of SJVN SJVN.NS rise 5.3% to 108.88 rupees

** Power generation company signed memorandum of understanding with Rajasthan government to develop 5 GW pumped storage projects and 2 GW floating solar projects in the state

** Trading vols at 1.8x 30-day average

** SJVN up ~19% YTD

(Reporting by Vijay Malkar)

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Nov 21 (Reuters) - SJVN Ltd SJVN.NS:

• MOU WITH ENERGY DEPARTMENT, GOVERNMENT OF RAJASTHAN

Source text: ID:nnAPN2EE5ET

Further company coverage: SJVN.NS

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Nov 5 (Reuters) - SJVN Ltd SJVN.NS:

• SJVN SEPT-QUARTER CONSOL NET PROFIT 4.41 BILLION RUPEES

• SJVN SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 10.26 BILLION RUPEES

Source text: ID:nBSEblwsyP

Further company coverage: SJVN.NS

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By Sethuraman N R

NEW DELHI, Sept 28 (Reuters) - India is seeking bids to supply 6,000 megawatts (MW) of electricity from renewable energy power projects for assured peak-hour supply with storage, according to a tender issued by state-run SJVN SJVN.NS.

India is looking to connect a record 35 gigawatts (GW) of solar and wind energy capacity to its grid during the year ending March 2025, with a target of increasing its non-fossil power capacity to 500 GW.

SJVN seeks power from an inter-state transmission system that carries power across state boundaries nationwide, Saturday's tender advertisement in the Times of India newspaper showed.

India added 10 GW of renewable capacity in the period from April to August, the first five months of this fiscal year, taking its total to about 153 GW, government data showed.

Earlier, Bhupinder Singh Bhalla, the top bureaucrat at the ministry for new and renewable energy told Reuters the country expected a lot of projects for battery-linked storage.

(Reporting by Sethuraman NR; Editing by Clarence Fernandez)

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