SJVN Board approves financial results for the quarter and year ended March 31, 2025.
The board recommended a final dividend of ₹0.31 per equity share for the financial year 2024-25, subject to shareholder approval.
This is in addition to the interim dividend of ₹1.15 per equity share declared in February 2025, bringing the total dividend to ₹1.46 per share for FY25.
The final dividend will be paid within the statutory period as prescribed in the Companies Act, 2013.
The Central Electricity Regulatory Commission (CERC) notified the Tariff Regulations, 2024 on 15 March 2024 for the tariff period 2024-2029. Pending issuance of provisional/final tariff orders effective from 1 April 2024, hydro power stations are billing beneficiaries provisionally based on tariffs applicable as of 31 March 2024.
Survey and Investigation work of the Devasari Hydro Electric Project in Uttarakhand has been on hold since July 6, 2021; expenditure incurred on the project amounting to ₹198.39 crore is carried under capital work in progress.
Government of Himachal Pradesh indicated its intention to consider taking back three hydro power projects allotted to SJVN and appointed an evaluator. Related project expenditure amounting to ₹730.51 crore and ₹2,483.68 crore continues to be recognized in the financial statements.