SJVN May-24

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Questions and Answers

What is the main purpose of the conference call mentioned in the document?

To announce a merger with another company

To report a regulatory violation

To launch a new product line

To discuss the financial results for the fourth quarter (correct)

Which date was the conference call held?

31st March 2024

1st June 2024

29th May 2024 (correct)

15th May 2024

Which regulatory compliance is referenced in the document?

Securities and Exchange Board of India Regulations (correct)

Banking Regulations Act

Consumer Protection Regulations

Companies Act Amendment

Which title is used to refer to SJVN Limited in the document?

A Mini Ratna & Schedule A Company Signup and view all the answers

What type of company is SJVN Limited categorized as in the document?

Joint Venture of GOI & GOHP Signup and view all the answers

What is the target megawatt capacity by 2026?

12,000 megawatt Signup and view all the answers

What is the reason for the gap in the expected installation from 12,000 megawatt to the projected 6,500 megawatt?

Slippage in project timelines Signup and view all the answers

How long is the projected slippage for the Bikaner project?

5-6 months Signup and view all the answers

When is the commissioning of the Bikaner project expected to occur?

During the third quarter of this financial year Signup and view all the answers

What is the expected megawatt installation for this financial year?

2,000 megawatt Signup and view all the answers

What is mentioned about the CMD position's appointment duration?

The position has been temporarily filled for 3 months Signup and view all the answers

What is expected regarding the CMD appointment order?

It is anticipated to be issued within 3 months Signup and view all the answers

What is the status of peak debt when the target of 12,000 megawatt is achieved?

The peak debt status is not clarified Signup and view all the answers

What is the target capacity that SJVN aims to achieve by the year 2030?

25,000 megawatts Signup and view all the answers

How much capacity in gigawatts has SJVN floated tenders for during financial 2023 and '24?

9.9 gigawatts Signup and view all the answers

Which award did SJVN receive in January 2024?

SCOPE Excellence Award in Institutional Category Signup and view all the answers

Which of the following projects is not operated by SJVN?

Nathpa Jhakri 2.0 megawatt Signup and view all the answers

What recognition did SGEL receive in February 2024 during the Uttar Pradesh Annual Solar Awards?

Diamond Award for Large-Scale Solar Project Developer of the Year Signup and view all the answers

What is the total capacity of the renewable projects currently operated by SGVN mentioned in the content?

154.6 megawatts Signup and view all the answers

What is the ultimate target capacity for SJVN to achieve by 2040?

50,000 megawatts Signup and view all the answers

Which of the following capacity projects is not under SGEL?

100 megawatt Nathpa project Signup and view all the answers

What was the nature of the exceptional item reported in the income statement?

A gain from an arbitration award Signup and view all the answers

What was the outcome of the arbitration award against the Nathpa Jhakri project?

The award was challenged and decided in favor of the company Signup and view all the answers

What type of business collaboration is SJVN entering with the Indian Oil Corporation?

A 50-50 joint venture targeting green energy Signup and view all the answers

Which sectors will SJVN and Indian Oil Corporation potentially collaborate on?

Hydrogen, hydro, and renewable sectors Signup and view all the answers

How does the collaboration with Indian Oil Corporation benefit SJVN?

Access to a larger consumer base and investment Signup and view all the answers

What is one of the goals set by Indian Oil Corporation that aligns with SJVN's collaboration?

To achieve net-zero emissions Signup and view all the answers

Which sector will not be part of the collaboration between SJVN and IOCL?

Fossil fuel exploration Signup and view all the answers

What type of legal action was taken regarding the arbitration award against SJVN?

Challenge in the high court Signup and view all the answers

In which fiscal year is the Arun-3 project expected to start?

FY '26 Signup and view all the answers

What is the total regulated equity under construction mentioned?

Rs. 7,998 crore Signup and view all the answers

Which project is mentioned to have regulated equity in the amount of Rs. 1,494 crore?

Solar Signup and view all the answers

What is the expected average ROE for solar projects?

12% Signup and view all the answers

What is the total regulated equity in operation according to the discussion?

Rs. 7,440 crore Signup and view all the answers

What quarters are discussed for the commissioning of the first and second units of the Buxar project?

3rd and 4th Quarter Signup and view all the answers

What is the regulated equity of hydro projects mentioned in the conversation?

Rs. 3,372 crore Signup and view all the answers

What is the total regulated equity when considering both operational and under construction projects?

Rs. 15,438 crore Signup and view all the answers

What is the main issue being addressed in the discussion?

Land acquisition efforts from private owners Signup and view all the answers

Which organizations are mentioned as being involved in the land acquisition process?

IBN and Chief Secretary Signup and view all the answers

Who delivered the closing comments during the conference?

Mr. Rupesh Sankhe Signup and view all the answers

What sentiment did Rupesh Sankhe express towards the SJVN management and the participants?

Gratitude for the opportunity to host the call Signup and view all the answers

What was the final instruction given to the participants at the end of the conference?

Disconnect their lines and conclude the call Signup and view all the answers

Study Notes

SJVN Limited Q4 FY24 Earnings Conference Call

Date: May 29, 2024
Company details:
- SJVN Limited (A Joint Venture of GOI & GOHP)
- A Mini Ratna & Schedule "A" Company
- Registered & Corporate Office: SJVN Corporate Office Complex, Shanan, Shimla - 171006, Himachal Pradesh
- NSE Symbol: SJVN-EQ
- BSE Limited
Conference call details:
- Held to discuss financial results for the fourth quarter ended March 31, 2024
- Investors and analysts participated
- A transcript of the conference call is attached
Management:
- Mr. Sushil Sharma - Chairman & Managing Director, SJVN Limited
- Mr. Akhileshwar K. Singh - Director (Finance), SJVN Limited
- Mr. Soumendra Das, Company Secretary, SJVN Limited
Moderator: Mr. Rupesh Sankhe - Elara Securities Private Limited
Key financial information discussed:
- Commissioning of two projects (50 MW Gujrai Solar Project and 100 MW Raghanesda Solar Project) in Q4 FY24
- Total installed capacity stands at 2,377 megawatts
- 50-megawatt Gujrai Solar Project in Uttar Pradesh (production of 107 million units)
- 100-megawatt Raghanesda Solar Project in Gujarat (252 million units of annual energy production)
- 150 megawatts of additional solar capacity (Rs. 99 crore estimated revenue increase per year)
- 11 operational projects (2,377 megawatts), 4 hydro projects (1,558 megawatts), a thermal power project (1,320 megawatts) and 12 solar projects (2,048 megawatts) under construction
- Acquisition of additional renewable energy projects (total capacity of 2,252 megawatts),
- Secured a Rs. 10,000 crore construction line of credit from various financial institutions for upcoming renewable energy projects,
- Awarded prestigious Diamond Award for Large-Scale Solar Project,
- Moving towards a portfolio of 25,000 megawatts by 2030, and 50,000 megawatts by 2040
Renewable Energy Initiatives:
- A joint venture (SGEL Assam Renewable Energy Limited) has been formed with Assam Power Distribution Company Limited for the execution of 1,000 megawatt renewable energy projects in Assam.
- Joint venture with Maharashtra State Power Generation Company Limited (MAHAGENCO) for 5000 MW renewable energy projects)
- SJVN has been designated as one of the renewable energy implementing agencies (REIA) by the Ministry of New and Renewable Energy (MNRE) to meet the 500 GW target by 2030.
Operating Assets and Projects:
- Four operational renewable projects in SJVN (Khirwire, Sadla, Charanka, Nathpa and 1.3MW solar project)
- Four operational projects in SGEL (Parasan, Gurha, Gujrai, Raghanesda) are operational.
- Projects under construction (2048 megawatts)
QIP Plans:
- Management indicated plans for a QIP in SGEL in the current year, with a possible offering of 10-15% to 20% of equity.
Financial Information:
- Depreciation and amortization are impacting financial figures in Q4 FY24
- Impairment of assets (Rs. 138.70 crore)
- Additional Details on Buxar, Arun 3, Bikaner projects are added.
Miscellaneous:
- Government land acquisition issues, plant operation restrictions and renewable portfolio update were also discussed.
- A summary is given of projects with pipeline and under construction

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Description

Test your knowledge about the recent conference call regarding SJVN Limited. This quiz covers important topics such as regulatory compliance, capacity goals, and project timelines as discussed in the document. Perfect for those interested in corporate governance and renewable energy efforts.