| Project Value | ₹5,492 CrTotal Investment |
|---|---|
| Total Capacity | 1,000 MWSolar Power |
| Market Cap | ₹28,511 CrMid-cap |
| Operating Revenue | ₹4,528 CrTTM Annual |
| Deal value | ₹5,492 Cr |
| Share of market cap | 19.3% |
| Share of annual revenue | 121.3% |
Key highlights
- Project commissioned across 5,000 acres in Bikaner via subsidiary SJVN Green Energy Limited
- Total investment of approximately ₹5,492 crore utilizing indigenous solar cells and modules
- Recognized as India's largest single EPC solar project at a single location under the DCR category
- Expected annual generation of 2,454.84 million units with a 25-year lifecycle target
- Power purchase agreements secured with Rajasthan, Uttarakhand, and Jammu & Kashmir
Production Commenced — What It Means
The inauguration of the 1,000 MW Bikaner Solar Power Project marks the commencement of commercial operations for one of India's largest renewable energy installations. Located in Rajasthan, the facility was developed by SJVN’s subsidiary, SJVN Green Energy Limited. Spanning approximately 5,000 acres, this project is recognized as the nation's largest single EPC solar project at a single location under the Domestic Content Requirement category.
This status underscores the project's reliance on indigenous engineering and manufacturing, utilizing 24.22 lakh domestic modules and 175 crore indigenous solar cells, aligning with national self-reliance initiatives in the power sector.
Path to This Milestone
- Total capital investment for the project reached approximately ₹5,492 crore
- Construction and commissioning phases generated over 2,000 direct and indirect employment opportunities
- Infrastructure development included new roads, transmission systems, and associated technical facilities in the Bikaner region
- Project execution followed the Make in India and Atmanirbhar Bharat frameworks for renewable infrastructure
Revenue Impact
The Bikaner project is engineered to generate roughly 2,454.84 million units of electricity during its initial year, with a projected lifetime output of 56,482.14 million units over 25 years. This production provides a steady revenue stream through long-term power supply to Rajasthan (500 MW), Uttarakhand (200 MW), and Jammu & Kashmir (300 MW). By strengthening the national clean energy network, SJVN anticipates this project will contribute to carbon emission reductions of nearly 2.79 billion kilograms, potentially enhancing the company’s environmental sustainability profile while diversifying its operational cash flows through long-term off-take agreements.
Business Overview
SJVN Limited is a Navratna Central Public Sector Enterprise operating under the administrative control of the Ministry of Power, Government of India. Originally established as a joint venture between the Central Government and the Government of Himachal Pradesh, the company has evolved into a multi-sector energy player. Following this commissioning, SJVN's total installed capacity has reached 4,196.5 MW.
Beyond power generation, the company manages critical infrastructure, including two transmission lines totaling 123 kilometers, and is aggressively expanding its portfolio across hydro, thermal, wind, and solar energy segments to secure India's energy future.
Financial Context
- SJVN reports a robust quarterly operating profit margin of 60.79 percent
- The company maintains a high promoter holding of 81.85 percent with zero pledged shares
- Annual operating revenue stands at ₹4,528.29 crore for the trailing twelve month period
- The stock is trading at a TTM Price to Earnings ratio of 44.4, well below the industry average of 110.23
| Share price | ₹72.55 |
|---|---|
| Market capitalisation | ₹28,510.66 Cr |
| Revenue (annual) | ₹4,528.29 Cr |
| Net profit (annual) | ₹642.08 Cr |
| Revenue (latest quarter) | ₹1,496.47 Cr+38.31% vs previous quarter |
| Net profit (latest quarter) | -₹117.98 Cr-152.58% vs previous quarter |
| P/E (TTM) | 44.4×Sector 29.99× |
| Promoter holding | 81.85%0.00% QoQ |
| FII holding | 2.75%Current quarter |
Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.
Exchange filing by SJVN Limited announcing the inauguration of its 1000 MW Bikaner Solar Power Project by the Prime Minister. Market figures from a third-party data provider.
