SJVN May-24
42 Questions
0 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to Lesson

Podcast

Play an AI-generated podcast conversation about this lesson

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?

<p>A Mini Ratna &amp; Schedule A Company (B)</p> Signup and view all the answers

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

<p>Joint Venture of GOI &amp; GOHP (C)</p> Signup and view all the answers

What is the target megawatt capacity by 2026?

<p>12,000 megawatt (A)</p> 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?

<p>Slippage in project timelines (B)</p> Signup and view all the answers

How long is the projected slippage for the Bikaner project?

<p>5-6 months (C)</p> Signup and view all the answers

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

<p>During the third quarter of this financial year (C)</p> Signup and view all the answers

What is the expected megawatt installation for this financial year?

<p>2,000 megawatt (A)</p> Signup and view all the answers

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

<p>The position has been temporarily filled for 3 months (D)</p> Signup and view all the answers

What is expected regarding the CMD appointment order?

<p>It is anticipated to be issued within 3 months (D)</p> Signup and view all the answers

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

<p>The peak debt status is not clarified (C)</p> Signup and view all the answers

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

<p>25,000 megawatts (D)</p> Signup and view all the answers

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

<p>9.9 gigawatts (A)</p> Signup and view all the answers

Which award did SJVN receive in January 2024?

<p>SCOPE Excellence Award in Institutional Category (B)</p> Signup and view all the answers

Which of the following projects is not operated by SJVN?

<p>Nathpa Jhakri 2.0 megawatt (B)</p> Signup and view all the answers

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

<p>Diamond Award for Large-Scale Solar Project Developer of the Year (B)</p> Signup and view all the answers

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

<p>154.6 megawatts (A)</p> Signup and view all the answers

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

<p>50,000 megawatts (D)</p> Signup and view all the answers

Which of the following capacity projects is not under SGEL?

<p>100 megawatt Nathpa project (A)</p> Signup and view all the answers

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

<p>A gain from an arbitration award (C)</p> Signup and view all the answers

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

<p>The award was challenged and decided in favor of the company (D)</p> Signup and view all the answers

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

<p>A 50-50 joint venture targeting green energy (D)</p> Signup and view all the answers

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

<p>Hydrogen, hydro, and renewable sectors (A)</p> Signup and view all the answers

How does the collaboration with Indian Oil Corporation benefit SJVN?

<p>Access to a larger consumer base and investment (A)</p> Signup and view all the answers

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

<p>To achieve net-zero emissions (C)</p> Signup and view all the answers

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

<p>Fossil fuel exploration (B)</p> Signup and view all the answers

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

<p>Challenge in the high court (A)</p> Signup and view all the answers

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

<p>FY '26 (D)</p> Signup and view all the answers

What is the total regulated equity under construction mentioned?

<p>Rs. 7,998 crore (C)</p> Signup and view all the answers

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

<p>Solar (A)</p> Signup and view all the answers

What is the expected average ROE for solar projects?

<p>12% (C)</p> Signup and view all the answers

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

<p>Rs. 7,440 crore (D)</p> Signup and view all the answers

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

<p>3rd and 4th Quarter (C)</p> Signup and view all the answers

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

<p>Rs. 3,372 crore (B)</p> Signup and view all the answers

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

<p>Rs. 15,438 crore (A)</p> Signup and view all the answers

What is the main issue being addressed in the discussion?

<p>Land acquisition efforts from private owners (A)</p> Signup and view all the answers

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

<p>IBN and Chief Secretary (C)</p> Signup and view all the answers

Who delivered the closing comments during the conference?

<p>Mr. Rupesh Sankhe (B)</p> Signup and view all the answers

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

<p>Gratitude for the opportunity to host the call (D)</p> Signup and view all the answers

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

<p>Disconnect their lines and conclude the call (B)</p> Signup and view all the answers

Flashcards

SEBI (Securities and Exchange Board of India)

A regulatory body in India responsible for overseeing the securities market. It sets rules and guidelines for listed companies, including disclosure requirements for financial results.

NSE Symbol (e.g., SJVN-EQ)

Refers to a publicly traded company listed on the National Stock Exchange of India (NSE).

Conference Call

A conference call is a virtual meeting between a company and its investors and analysts to discuss financial performance and other important matters.

Financial Results

Financial statements that show a company's financial performance and position at a particular point in time.

Signup and view all the flashcards

Fourth Quarter

The period of time for which financial results are reported. In this case, it is the last three months of the fiscal year (January to March).

Signup and view all the flashcards

Renewable Energy Implementing Agency (REIA)

An agency designated by the Ministry of New and Renewable Energy (MNRE) to achieve India's renewable energy targets.

Signup and view all the flashcards

500 Gigawatt Renewable Energy Target

The target set by the MNRE for India's renewable energy capacity by 2030.

Signup and view all the flashcards

Power Purchase Agreement (PPA)

A power purchase agreement, ensuring a buyer agrees to purchase electricity from a renewable energy project.

Signup and view all the flashcards

Share Purchase Agreement (PSA)

A share purchase agreement, ensuring a buyer agrees to purchase a portion of a renewable energy project.

Signup and view all the flashcards

SGEL (Satluj Green Energy Limited)

A subsidiary of SJVN (Satluj Jal Vidyut Nigam Limited), a leading company in the renewable energy space.

Signup and view all the flashcards

SCOPE Excellence Award

An award recognizing significant contributions to the growth of the power sector.

Signup and view all the flashcards

Diamond Award for Large-Scale Solar Project Developer

An award recognizing outstanding contributions in the development of large-scale solar energy projects.

Signup and view all the flashcards

SJVN's Vision for Renewable Energy Portfolio

The vision of SJVN to achieve a 25,000-megawatt portfolio by 2030 and 50,000 megawatt by 2040.

Signup and view all the flashcards

Peak Debt

The total amount of debt that a company has at a specific point in time, usually at the highest level.

Signup and view all the flashcards

Slippage in a Project

The slippage refers to a delay in achieving a project's target date or goals.

Signup and view all the flashcards

Bikaner, Arun-3, Buxar Project Delays

The delay in the Bikaner project, Arun-3, and Buxar projects will only last for 5-6 months.

Signup and view all the flashcards

SJVN's 2026 Megawatt Target

The target for total installed capacity by March 2026 is 12,000 megawatts, with an estimated 6,500 megawatts to be installed in the current and next financial year.

Signup and view all the flashcards

SJVN's CMD Appointment

The selection process for the new CMD (Chairman and Managing Director) is complete, but the official appointment is expected within three months.

Signup and view all the flashcards

Earnings Call

A conference call during which a company provides updates on its financial performance, strategy, and other important matters to investors and analysts.

Signup and view all the flashcards

Financial Year

A period of 12 months for accounting purposes, often starting from April to March, as in the case of India.

Signup and view all the flashcards

Megawatt (MW)

The amount of energy generated by a power plant, measured in megawatts, representing the plant's output capacity.

Signup and view all the flashcards

SJVN's land acquisition efforts in Nepal

SJVN is requesting support from various authorities in Nepal, including IBN, NEA, and even the Chief Secretary, to obtain land for their projects.

Signup and view all the flashcards

Support from Nepali authorities for land acquisition

These authorities in Nepal have committed to assisting SJVN in securing land from private owners.

Signup and view all the flashcards

Importance of land acquisition for SJVN's projects

This support will ensure SJVN can proceed with their renewable energy projects in Nepal.

Signup and view all the flashcards

SJVN's focus on renewable energy in Nepal

The conference call highlights SJVN's commitment to expanding its renewable energy portfolio, particularly in Nepal.

Signup and view all the flashcards

SJVN's expansion strategy in Nepal

SJVN is actively seeking land acquisition and project development opportunities to expand its renewable energy portfolio in Nepal.

Signup and view all the flashcards

Exceptional Item

An unexpected gain or loss that is significant and not part of the company's normal business operations. It is often reported separately on the income statement.

Signup and view all the flashcards

Arbitration Award

A legal process where a third party resolves a dispute between two parties. In this case, it involved a dispute related to the Nathpa Jhakri project.

Signup and view all the flashcards

Appeal/Challenge in Court

A legal proceeding where a court reviews a decision made by a lower court. In this case, SJVN challenged an arbitration award in the high court.

Signup and view all the flashcards

Joint Venture (JV)

A partnership between two companies to achieve common goals. SJVN and Indian Oil Corporation (IOCL) formed a joint venture for green energy projects.

Signup and view all the flashcards

Green Energy

A type of energy that is produced from natural sources that are constantly replenished, such as solar, wind, or hydro power.

Signup and view all the flashcards

Net Zero

A process of reducing greenhouse gas emissions to minimize impact on the environment. IOCL aims to be carbon neutral.

Signup and view all the flashcards

Hydrogen Sector

The production and use of hydrogen as an energy source, which is considered a clean and sustainable alternative to fossil fuels.

Signup and view all the flashcards

EV Charging

A type of electric vehicle charging station, often found in public areas, allowing electric car owners to charge their vehicles.

Signup and view all the flashcards

When will Arun-3 be completed?

The projected completion date for the Arun-3 hydroelectric project is the second or third quarter of the next fiscal year (FY '25-'26).

Signup and view all the flashcards

When will Buxar be completed?

The Buxar thermal power project is expected to be completed by the third or fourth quarter of the current fiscal year (FY '25).

Signup and view all the flashcards

What is SJVN's regulated equity breakdown?

SJVN's total regulated equity in hydro projects is Rs. 3,372 crore, in thermal projects is Rs. 3,132 crore, and in solar projects is Rs. 1,494 crore.

Signup and view all the flashcards

What is SJVN's total regulated equity?

SJVN's total regulated equity under construction is Rs. 7,998 crore, while the total regulated equity already in operation is Rs. 7,440 crore, bringing the combined total to Rs. 15,438 crore.

Signup and view all the flashcards

What is SJVN's typical ROE on solar projects?

SJVN typically earns a return on equity (ROE) of around 12% on its solar projects.

Signup and view all the flashcards

What is the range of ROE on SJVN's solar projects?

While some solar projects may have an ROE of around 10%, others can achieve an ROE of 15% or even higher.

Signup and view all the flashcards

Who is requesting to ask a question?

The Avendus Capital Private Limited analyst, Bharani, is requesting to ask a question during the conference call.

Signup and view all the flashcards

Who is giving the floor to Bharani?

The moderator of the conference call is giving the floor to Bharani from Avendus Capital Private Limited to ask a question.

Signup and view all the flashcards

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

Studying That Suits You

Use AI to generate personalized quizzes and flashcards to suit your learning preferences.

Quiz Team

Related Documents

SJVN Limited Q4 FY24 Earnings Conference Call PDF

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.

More Like This

SJVN Aug-24
48 questions

SJVN Aug-24

JudiciousDetroit6938 avatar
JudiciousDetroit6938
SJVN NOV-24
45 questions

SJVN NOV-24

JudiciousDetroit6938 avatar
JudiciousDetroit6938
Use Quizgecko on...
Browser
Open
Browser
Browser