# SJVN (SJVN) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/sjvn

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹63.87
- Change: -1.36%
- As of: 2026-09-18
- 1D return: -1.24%
- 5D return: -4.84%
- 1M return: -2.97%
- Latest complete quarter: fy27_q1

## Faxioms Analysis

_As of 2026-09-18_

### Technical Outlook

As of September 17, 2026, SJVN is trading at ₹64.75, with a predominantly bearish technical stance across daily, weekly, and monthly timeframes. All observed moving averages and the Supertrend indicator are positioned above the current price on the daily chart, indicating downward pressure. This is consistent with the weekly and monthly views, where the price is also below key moving averages and the Supertrend. The stock is currently trading near its nearest support level of ₹64.67, which is approximately 0.12% below the current price. The nearest resistance is observed at ₹65.29, about 0.83% above the current price. Recent market activity includes two downside events and two positive attention events within the last 30 days. The stock exhibits an annualized volatility of 33% and a current drawdown of -42%. Active monthly patterns include a Doji and a Harami formation.

- Daily, weekly, and monthly timeframes show bearish alignment with price below key moving averages and Supertrend.
- Nearest support level identified at ₹64.67 (0.12% below current price).
- Nearest resistance level identified at ₹65.29 (0.83% above current price).
- Annualized volatility stands at 33% with a current drawdown of -42%.
- Watch for a sustained break above ₹65.29 resistance or a move below ₹64.67 support for potential trend confirmation.

- Doji
- Harami
- Inside Bar
- Outside Bar

### News Context

Recent developments indicate potential impacts on infrastructure projects, including those in the hydropower sector, due to climate-related risks. Media reports from September 16, 2026, highlighted that Nepal-Tibet floods could lead to increased insurance costs for Himalayan infrastructure, such as hydropower projects. This is attributed to a rise in flash floods, landslides, and glacial lake outburst floods, making such assets more expensive to insure.

Separately, a Buxar Thermal Power Project at Chausa reached full operational capacity on September 12, 2026. The project's second 660 MW unit began commercial operations, bringing the total capacity to 1,320 MW. Under a power purchase agreement (PPA), 85% of this generated power is allocated to Bihar.

- Media reports on September 16, 2026, indicated that Nepal-Tibet floods may increase insurance costs for Himalayan hydropower projects due to climate risks.
- The Buxar Thermal Power Project at Chausa achieved full operational capacity of 1,320 MW on September 12, 2026, with 85% of power committed to Bihar under a PPA.

- ACME Solar Holdings soars 6%, hits all-time high; stock up 103% in 8 months
- Nepal-Tibet floods may push up insurance costs for Himalayan roads, hydropower projects
- Himalayan infra projects brace for a climate risk premium | Today News
- Buxar power plant goes fully operational | Patna News - The Times of India

### What Changed

SJVN Limited's recent filings indicate a board discussion regarding a fine levied by the exchanges, as announced on September 18, 2026. This development occurred alongside a slight increase in the stock's price, closing at ₹64.75 on September 17, 2026, up from ₹64.06 on the previous day. Separately, news reported on September 18, 2026, highlighted ACME Solar Holdings experiencing a significant rise, up 103% in eight months, with analysts maintaining a 'Buy' rating due to anticipated capacity additions. The core business context for SJVN, as an Indian listed entity on the NSE, remains unchanged.

- On September 18, 2026, SJVN announced that its Board of Directors commented on a fine levied by the exchanges.
- SJVN's stock price increased to ₹64.75 on September 17, 2026, from ₹64.06 on the prior day.
- News on September 18, 2026, noted ACME Solar Holdings' stock performance and analyst ratings, unrelated to SJVN's direct operations.

- ACME Solar Holdings soars 6%, hits all-time high; stock up 103% in 8 months
- SJVN Limited has informed the Exchange regarding 'Board comments on fine levied by the Exchanges'. |SUBJECT: Updates

### Official Filings

SJVN Limited has announced the commencement of commercial operations for Unit-II (660 MW) of its 1,320 MW Buxar Thermal Power Project in Bihar, effective September 12, 2026. This project, utilizing supercritical technology, is expected to generate 9,828.72 million units annually, with 85% of the power allocated to Bihar under a long-term Power Purchase Agreement (PPA). Separately, the company's 38th Annual General Meeting, held on August 31, 2026, saw the approval of all resolutions, including the adoption of audited financial statements for the year ended March 31, 2026, and the declaration of a final dividend of ₹0.35 per share for FY 2025-26. The meeting also confirmed the re-appointment of a director and the appointment of new directors to the board. In regulatory matters, SJVN received notices from BSE and NSE on August 25, 2026, imposing fines of ₹13,44,020 each for non-compliance with listing regulations concerning board composition. The company is actively pursuing appointments with the Ministry of Power to address this and has indicated it will seek a waiver of the fines.

- Commercial operation of Unit-II (660 MW) at the Buxar Thermal Power Project commenced on September 12, 2026.
- The 38th Annual General Meeting on August 31, 2026, approved all resolutions, including the FY 2025-26 financial statements and a final dividend of ₹0.35 per share.
- SJVN was fined ₹13,44,020 by both BSE and NSE on August 25, 2026, for non-compliance with board composition regulations.
- The company is pursuing director appointments to resolve the compliance issue and seek a waiver of the fines.
- The 75 MW Jamui Solar Power Project in Bihar achieved Commercial Operation Date (COD) on August 11, 2026, with an estimated cost of ₹1,342 crore and a tariff of ₹2.96 per unit.

- SJVN Limited has informed the Exchange regarding 'Board comments on fine levied by the Exchanges'. |SUBJECT: Updates
- SJVN Limited has informed the Exchange about Commencement of commercial production/operations |SUBJECT: Commencement of commercial production/operations
- SJVN Limited has informed the Exchange about Commencement or postponement (Sub-para 1-Para B) |SUBJECT: Commencement or postponement (Sub-para 1-Para B)
- SJVN Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on August 31, 2026. Further, the company has informed the Exchange regarding voting results. |SUBJECT: Shareholders meeting
- SJVN Limited has informed the Exchange regarding a press release dated August 31, 2026, titled "Successful Completion of 72-Hour Trial Run of 660 MW Unit-2 of 1320 MW Buxar Thermal Power Project in Bihar". |SUBJECT: Press Release
- SJVN Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 31, 2026 |SUBJECT: Shareholders meeting
- SJVN Limited has informed the Exchange about General Updates |SUBJECT: General Updates
- SJVN Limited has informed the Exchange regarding a revised press release dated August 11, 2026, titled "SJVN Achieves COD of 75 MW Jamui Solar PowerProject in Bihar". |SUBJECT: Press Release (Revised)
- SJVN Limited has informed the Exchange regarding a press release dated August 11, 2026, titled "SJVN Achieves COD of 75 MW Jamui Solar Power Projectin Bihar". |SUBJECT: Press Release

### Fundamentals

SJVN's recent operating performance shows a mixed trend across reported quarters. Revenue from operations stood at ₹1,081.97 crore in Q3 FY2025-26, increasing to ₹1,496.47 crore in Q4 FY2025-26, before declining to ₹1,394.38 crore in Q1 FY2026-27. Profit Before Exceptional Items And Tax followed a similar pattern, reported at ₹419.22 crore in Q3 FY2025-26, turning negative at -₹54.87 crore in Q4 FY2025-26, and recovering to ₹345.20 crore in Q1 FY2026-27. The company reported a net loss for the period of -₹117.84 crore in Q4 FY2025-26, contrasting with profits of ₹224.31 crore in Q3 FY2025-26 and ₹224.74 crore in Q1 FY2026-27. Finance costs have been a significant factor, rising from ₹244.65 crore in Q3 FY2025-26 to ₹522.14 crore in Q4 FY2025-26, and then decreasing to ₹326.14 crore in Q1 FY2026-27. The fluctuations in profitability, particularly the loss in Q4 FY2025-26, warrant monitoring, alongside the trend in finance costs and their impact on the bottom line.

- Revenue from operations was ₹1,081.97 crore in Q3 FY2025-26, ₹1,496.47 crore in Q4 FY2025-26, and ₹1,394.38 crore in Q1 FY2026-27.
- Profit Before Exceptional Items And Tax was ₹419.22 crore in Q3 FY2025-26, -₹54.87 crore in Q4 FY2025-26, and ₹345.20 crore in Q1 FY2026-27.
- Profit Loss For Period was ₹224.31 crore in Q3 FY2025-26, -₹117.84 crore in Q4 FY2025-26, and ₹224.74 crore in Q1 FY2026-27.
- Finance Costs were ₹244.65 crore in Q3 FY2025-26, ₹522.14 crore in Q4 FY2025-26, and ₹326.14 crore in Q1 FY2026-27.

### Bull Case

The Buxar Thermal Power Project at Chausa has achieved full operational capacity with its second 660 MW unit commencing commercial operations. This development means 85% of the power generated is allocated to Bihar under a Power Purchase Agreement (PPA). While the provided evidence does not detail the company's recent financial performance or specific operational metrics, the full operationalization of a significant power project represents a step towards potential revenue generation from this asset.

- The Buxar Thermal Power Project has reached its full 1,320 MW capacity as of the reported news.
- 85% of the power from the Buxar project is committed to Bihar under a Power Purchase Agreement.

- ACME Solar Holdings soars 6%, hits all-time high; stock up 103% in 8 months
- Nepal-Tibet floods may push up insurance costs for Himalayan roads, hydropower projects
- Himalayan infra projects brace for a climate risk premium | Today News
- Buxar power plant goes fully operational | Patna News - The Times of India

### Bear Case

The company's stock is experiencing a bearish trend across daily, weekly, and monthly timeframes, as indicated by technical indicators such as Supertrend and moving average slopes. The stock has seen a notable decline over the past year, with a 1-year return of -31%. Furthermore, the company is facing increased insurance cost risks for its Himalayan infrastructure projects due to climate change-related events like flash floods and landslides, which could impact operational expenses.

- The stock's technical indicators show a bearish trend on daily, weekly, and monthly charts as of September 17, 2026.
- The 1-year return for the stock was -31% as of September 17, 2026.
- Climate change-related events in the Himalayas may lead to higher insurance costs for infrastructure projects, potentially affecting SJVN.

- ACME Solar Holdings soars 6%, hits all-time high; stock up 103% in 8 months
- Nepal-Tibet floods may push up insurance costs for Himalayan roads, hydropower projects
- Himalayan infra projects brace for a climate risk premium | Today News
- Buxar power plant goes fully operational | Patna News - The Times of India

### FAQs

**What is the operational status of SJVN's Buxar Thermal Power Project?**

SJVN's wholly owned subsidiary, SJVN Thermal Private Limited, has achieved the Commercial Operation of Unit-II (660 MW) of the 1,320 MW Buxar Thermal Power Project on September 12, 2026. This follows the successful completion of a 72-hour trial run for this unit. The project, located in Chausa, Bihar, utilizes supercritical technology and has 85% of its power allocated to Bihar under a long-term Power Purchase Agreement (PPA).

**What were the key outcomes of SJVN's Annual General Meeting (AGM) held on August 31, 2026?**

At the 38th AGM held on August 31, 2026, all nine resolutions presented were approved. These included the adoption of audited financial statements for the year ended March 31, 2026, and the declaration of a final dividend for FY 2025-26. The meeting also saw the re-appointment of Ajay Kumar Sharma and the appointment of new directors, including Parthajit De (Finance), Rajesh Kumar Chandel (Projects), Diwakar Nath Misra (Official Director), and Arti Kujur (Independent Director). Additionally, the remuneration for Statutory Auditors and Cost Auditor for FY 2026-27 was approved.

**How has SJVN's stock performed over different periods, and what are the current technical indicators suggesting?**

As of September 17, 2026, SJVN's stock has shown mixed performance across different timeframes. It has experienced a 1-year return of -31% and a year-to-date return of -13%. Over shorter periods, the 1-month return was -3%, and the 3-month return was -12%. Technically, the daily trend indicators, such as the Exponential Moving Average (EMA) and Simple Moving Average (SMA), show a downward slope, and the Supertrend indicator is currently in a bearish direction. The monthly trend also indicates a bearish Supertrend direction with EMAs and SMAs below the current price.

**What are the nearest support and resistance levels for SJVN's stock?**

As of September 17, 2026, the nearest identified support level is at ₹64.67, which is approximately 0.12% below the current price. Further support levels are noted at ₹63.94 and ₹63.41. On the resistance side, the nearest level is at ₹65.29, about 0.83% above the current price, followed by ₹66.02.

- ACME Solar Holdings soars 6%, hits all-time high; stock up 103% in 8 months
- Nepal-Tibet floods may push up insurance costs for Himalayan roads, hydropower projects
- Himalayan infra projects brace for a climate risk premium | Today News
- Buxar power plant goes fully operational | Patna News - The Times of India
- SJVN Limited has informed the Exchange regarding 'Board comments on fine levied by the Exchanges'. |SUBJECT: Updates
- SJVN Limited has informed the Exchange about Commencement of commercial production/operations |SUBJECT: Commencement of commercial production/operations
- SJVN Limited has informed the Exchange about Commencement or postponement (Sub-para 1-Para B) |SUBJECT: Commencement or postponement (Sub-para 1-Para B)
- SJVN Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on August 31, 2026. Further, the company has informed the Exchange regarding voting results. |SUBJECT: Shareholders meeting
- SJVN Limited has informed the Exchange regarding a press release dated August 31, 2026, titled "Successful Completion of 72-Hour Trial Run of 660 MW Unit-2 of 1320 MW Buxar Thermal Power Project in Bihar". |SUBJECT: Press Release
## Technical analytics

- As of: 2026-09-18
- Daily trend: Strong Downtrend
- Weekly trend: Weak Downtrend
- Pivot point: ₹64.5
- Risk regime: Higher Price Risk

### Support levels
- 63.41
- 64.04666666666667
- 63.343333333333334

### Resistance levels
- 73.2
- 74.38125
- 75.66999999999999

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | -1.24% |
| return_10 | -1.59% |
| return_1m | -3.53% |
| return_1y | -31.92% |
| return_20 | -2.97% |
| return_3m | -13.83% |
| return_5 | -4.84% |
| return_6m | -9.21% |
| return_since_start | -42.31% |
| return_ytd | -14.44% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | high_risk |
| label | Higher price risk |
| summary | Recent drawdown or price variability is materially high and may lead to larger short-term outcomes. |
| maximum_drawdown | -42.85% |
| annualized_volatility | +33.36% |

## Quarterly financials

- Latest complete quarter: fy27_q1

# Revenue jumps 52%, but faster expense and finance cost growth weighs on profitability

SJVN’s first quarter of fiscal 2027 saw revenue from operations rise 52% year-over-year to ₹1,394 crore. However, total expenses nearly doubled and finance costs rose 51%, causing pre-tax profit to fall 18%. Net profit was essentially flat at ₹225 crore as a lower effective tax rate offset the pre-tax decline.

## Revenue from operations

Revenue from operations reached ₹1,394 crore, up 52% from ₹917 crore in the same quarter last year. This continues an upward trajectory from the prior year, with revenue having risen from ₹1,032 crore in Q2 FY2026 to ₹1,082 crore in Q3 and ₹1,496 crore in Q4. The latest quarter is 7% lower than the Q4 peak.

## Expenses

Total expenses were ₹1,084 crore, a 97% increase from ₹551 crore a year ago. The growth rate far exceeded the revenue gain. Sequentially, expenses fell 32% from ₹1,603 crore in Q4 FY2026, when the company recorded a significant loss. Even after this decline, expenses in Q1 remained well above the levels seen in the first three quarters of the prior year.

## Profitability

Pre-tax profit was ₹345 crore, down 18% from ₹420 crore in Q1 FY2026. The decline reflects the faster rise in expenses and finance costs relative to revenue growth. Net profit for the period was ₹225 crore, nearly unchanged from ₹228 crore a year ago. The effective tax rate dropped from 37% to 25%, cushioning the impact of lower pre-tax earnings.

## Finance costs

Finance costs rose 51% year-on-year to ₹326 crore, up from ₹216 crore in Q1 FY2026. Although costs fell 38% from the Q4 spike of ₹522 crore, they remain above the levels seen in the first three quarters of the prior year.

## Earnings per share

Basic and diluted earnings per share both came in at ₹0.57, compared to ₹0.58 in the same quarter last year. The marginal decline is consistent with the near-flat net profit and suggests no material change in the share count.

## Key Takeaway

SJVN delivered strong top-line growth in Q1, but the benefit was largely absorbed by a faster increase in operating expenses and finance costs. Net profit held steady only because of a lower tax charge. The trajectory of operating expenses and finance costs remains central to the company’s earnings power.

### Ratios

## Official filings

- 2026-09-18 — Generic Announcement: SJVN Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SJVN_18092026121106_2.pdf)
- 2026-09-11 — Generic Announcement: SJVN Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SJVN_11092026174237_1.pdf)
- 2026-09-11 — Generic Announcement: SJVN Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/REG30_PARA_B_3280_WebXMLFile_20260911_174935224.xml)
- 2026-09-02 — Generic Announcement: SJVN Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SJVN_02092026113655_44.pdf)
- 2026-08-31 — Press Release: SJVN Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SJVN_31082026191614_2.pdf)
- 2026-08-31 — Generic Announcement: SJVN Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SJVN_31082026191234_1.pdf)
- 2026-08-26 — Generic Announcement: SJVN Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SJVN_26082026115617_1.pdf)
- 2026-08-12 — Press Release: SJVN Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SJVN_12082026112024_1.pdf)
- 2026-08-11 — Press Release: SJVN Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/SJVN_11082026210606_1__1_.pdf)
- 2026-08-07 — Generic Announcement: SJVN Limited announced its 39th Annual General Meeting will be held on August 31, 2026, via Video Conferencing/Other Audio-Visual Means. The company has provided a remote e-voting facility for members from August 28 to August 30, 2026. The record date for determining eligibility for voting and dividend payment is August 24, 2026. The Board has recommended a final dividend of ₹0.35 per share. — [Official attachment](https://nsearchives.nseindia.com/corporate/SJVN_07082026142848_1.pdf)
- 2026-08-06 — Management Change: SJVN Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/NOTICE_OF_SHAREHOLDERS_MEETINGS_3280_WebXMLFile_20260806_150359866.xml)
- 2026-08-06 — Generic Announcement: SJVN Limited announced its 38th Annual General Meeting (AGM) will be held on August 31, 2026, via Video Conferencing. The record date for determining eligibility for a final dividend of ₹0.35 per equity share for FY 2025-26 is August 24, 2026. Remote e-voting will be available from August 28 to August 30, 2026. — [Official attachment](https://nsearchives.nseindia.com/corporate/SJVN_06082026144733_n.pdf)
- 2026-08-06 — Generic Announcement: SJVN Limited announced its 38th Annual General Meeting (AGM) will be held on August 31, 2026, via Video Conferencing. The record date for determining eligibility for a final dividend of ₹0.35 per equity share for FY 2025-26 is August 24, 2026. Remote e-voting will be available from August 28 to August 30, 2026. — [Official attachment](https://nsearchives.nseindia.com/corporate/SJVN_06082026143947_n.pdf)
- 2026-08-04 — Generic Announcement: SJVN Limited will hold its 38th Annual General Meeting on August 31, 2026, via Video Conferencing/Other Audio-Visual Means. This notice was published in the Times of India and Amar Ujala on August 4, 2026, in compliance with Ministry of Corporate Affairs guidelines. The company secretary, Soumendra Das, confirmed the details. — [Official attachment](https://nsearchives.nseindia.com/corporate/SJVN_04082026164602_1.pdf)
- 2026-08-01 — Official Filing: On August 1, 2026, SJVN Limited reported changes in its management. Baljeet Singh and Rajesh Kumar Sharma ceased their roles due to superannuation or retirement. Manmeet Gupta was appointed, bringing over thirty-three years of experience in various project functions including hydro, wind, and solar projects. Vikas Sharma was also appointed as Executive Director (Civil), effective August 1, 2026, with over 30 years of experience in power sector development and execution, particularly in hydroelectric projects.
- 2026-08-01 — Generic Announcement: SJVN Limited announced changes in its senior management effective August 1, 2026. Shri Manmeet Gupta and Shri Vikas Sharma have been promoted to Executive Directors. Shri Vikas Sharma's appointment is effective August 1, 2026, and he holds a Bachelor's degree in Civil Engineering with over 30 years of experience in the power sector. Shri Baljeet Singh and Shri Rajesh Kumar Sharma have ceased to be Senior Management due to superannuation as of July 31, 2026. — [Official attachment](https://nsearchives.nseindia.com/corporate/SJVN_01082026171334_2.pdf)
- 2026-07-31 — Generic Announcement: SJVN Limited announced the promotion of six officials to Executive Director (Senior Management) effective from their assumption of charge. This change in senior management was disclosed in compliance with SEBI regulations. The filing includes details on the individuals promoted, their roles, and their extensive experience within the company. — [Official attachment](https://nsearchives.nseindia.com/corporate/SJVN_31072026182406_1.pdf)
- 2026-07-31 — Official Filing: On July 31, 2026, SJVN Limited reported changes in management involving six individuals: Balak Ram Sethi, Baljeet Singh, Jitendra Yadav, Rajesh Kumar Sharma, Rakesh Sehgal, and Vikas Marwah. These individuals have extensive experience across various domains including financial management, project execution, engineering, and human resources within SJVN Limited.
- 2026-07-31 — Generic Announcement: SJVN Limited's Board of Directors approved the unaudited financial results for the quarter ended June 30, 2026, on July 31, 2026. The company reported total income of ₹794.86 crore and a profit after tax of ₹246.88 crore for the standalone entity. For the consolidated entity, total income was ₹1,428.78 crore and profit after tax was ₹224.74 crore. The company also confirmed no deviation in the use of proceeds from its non-convertible debentures issued on September 29, 2021. — [Official attachment](https://nsearchives.nseindia.com/corporate/SJVN_31072026141516_1.pdf)
- 2026-07-30 — Generic Announcement: The Ministry of Power has extended the additional charge of Chairman & Managing Director (CMD) to Shri Bhupender Gupta, CMD of NHPC Limited, effective August 1, 2026, for three months or until a full-time incumbent is appointed. Shri Gupta is not related to any director on the SJVN Board and is not debarred from holding office. — [Official attachment](https://nsearchives.nseindia.com/corporate/SJVN_30072026172635_bg.pdf)
- 2026-07-30 — Official Filing: SJVN Limited announced the appointment of Bhupender Gupta as Executive Director, effective August 1, 2026. Mr. Gupta also holds the positions of Chairperson and MD. He has an extensive background in the power sector, including leadership roles at NHPC Limited, REC Ltd., and THDCIL, with experience in hydro, thermal, and renewable energy projects.
- 2026-07-24 — Official Filing: SJVN Limited will hold a board meeting on July 31, 2026, to consider its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The trading window for SJVN shares will be closed from June 1, 2026, until 48 hours after the declaration of these financial results.
- 2026-07-24 — Generic Announcement: SJVN Limited has published a notice regarding the transfer of equity shares to the Investor Education and Protection Fund (IEPF). Shareholders whose unclaimed dividends date back to the Financial Year 2018-19 are advised to claim their amounts by November 2, 2026. Failure to do so will result in the transfer of shares associated with these unclaimed dividends to the IEPF, as per the Companies Act, 2013 and IEPF Rules. — [Official attachment](https://nsearchives.nseindia.com/corporate/SJVN_24072026141903_iepf.pdf)
- 2026-07-21 — Official Filing: SJVN Limited announced the appointment of Ms. Arti Kujur as a Non-Executive Independent Director, effective July 17, 2026, for a term of 36 months. Ms. Kujur is a social worker with degrees in Political Science, Public Administration, and Law, and has prior experience serving on the Ranchi Zila Parishad and as Chairperson of the Jharkhand State Commission for Protection of Child Rights.
- 2026-07-21 — Generic Announcement: SJVN Limited has appointed Smt. Arti Kujur as an Independent Director, effective July 21, 2026. Smt. Kujur, a social worker with degrees in Political Science, Public Administration, and LL.B., previously served as a Member of Ranchi Zila Parishad from November 30, 2010, to March 31, 2022, and as Chairperson of the Jharkhand State Commission for Protection of Child Rights from April 22, 2016, to April 22, 2019. — [Official attachment](https://nsearchives.nseindia.com/corporate/SJVN_21072026123701_ak.pdf)

## News and market events

- 2026-09-18 — BUSINESS: **ACME Solar Holdings soars 6%, hits all-time high; stock up 103% in 8 months** — Analysts at HSBC believe ACME Solar is in a high growth phase adding significant capacity over the next two years; the brokerage maintains a 'Buy' rating on the stock. — [Source](https://www.business-standard.com/markets/news/acme-solar-holdings-soars-6-hits-all-time-high-stock-up-103-in-8-months-126091800563_1.html)
- 2026-09-16 — MONEYCONTROL: **Nepal-Tibet floods may push up insurance costs for Himalayan roads, hydropower projects** — Nepal-Tibet floods, Himalayan infrastructure insurance, hydropower insurance premiums, climate risk India, Sikkim GLOF, reinsurance costs India, run-of-the-river hydropower, road and bridge insurance, NHPC insurance expenses, infrastructure climate risk, Nepal floods 2026, parametric insurance India  Download the newsroom draft  Nepal_Tibet_floods_Himalayan_infrastructure_insurance.md Document — [Source](https://www.moneycontrol.com/news/business/nepal-tibet-floods-may-push-up-insurance-costs-for-himalayan-roads-hydropower-projects-14030740.html)
- 2026-09-16 — Mint: **Himalayan infra projects brace for a climate risk premium | Today News** — Climate change is making infrastructure in the Himalayas increasingly expensive to insure due to the rising incidents of flash floods, landslides, and glacial lake outburst floods. — [Source](https://www.livemint.com/news/himalayan-infra-climate-risk-insurance-premium-hike-nepal-bot-projects-natural-disaster-glacier-collapse-11789464834632.html)
- 2026-09-12 — Times of India: **Buxar power plant goes fully operational | Patna News - The Times of India** — Buxar Thermal Power Project at Chausa reaches full 1,320 MW as second 660 MW unit begins commercial operations; 85% power to Bihar under PPA. — [Source](https://timesofindia.indiatimes.com/city/patna/buxar-power-plant-goes-fully-operational/articleshow/134144401.cms)
- 2026-09-11 — Times of India: **Buxar thermal plant to achieve full 1,320MW capacity** — SJVN says 660 MW Unit-II of Buxar Thermal Power Project in Chausa, Bihar, begins commercial supply Sept 12, 2026, bringing total capacity to 1,320 MW. — [Source](https://timesofindia.indiatimes.com/city/patna/buxar-thermal-plant-to-achieve-full-1320mw-capacity/articleshow/134084920.cms)
- 2026-09-09 — REDIFF.COM: **Gains for power stocks depend on execution, valuations** — India's power sector is undergoing a significant transformation, driven by a planned shift towards renewable energy and ambitious capacity expansion targets, with major players like NTPC, JSW Energy, Adani, and Tata Power prioritising predictable returns. However, execution challenges and valuation concerns remain critical factors for sustained growth. — [Source](https://www.rediff.com/business/report/india-power-sector-growth-renewables-capacity-expansion-and-investment-outlook/20260909.htm)
- 2026-09-09 — BUSINESSTODAY: **Top stocks in news: Biocon, TCS, Bank of Baroda, NLC India, Innovision, GE Shipping, Moschip, Raymond** — Stocks in news, Stocks in buzz, Stocks to buy, Stocks to watch, Biocon, TCS, Bank of Baroda, NLC India, Innovision, GE Shipping, Moschip, Raymond, Berger Paints, Tata Consultancy Services, Enviro Infra Engineers, Moschip Technologies, Great Eastern Shipping Company, Laxmi Organic Industries, Fermenta Biotech — [Source](https://www.businesstoday.in/markets/stocks/story/top-stocks-in-news-biocon-tcs-bank-of-baroda-nlc-india-innovision-ge-shipping-moschip-raymond-554118-2026-09-09)
- 2026-09-08 — Mint: **Top stocks in focus today: Investors must watch Innovision, TCS, Bank of Baroda shares on Wed, 9 Sept | Triggers** — On September 9, Indian investors will focus on companies like NLC India, HMA Agro, and Tata Communications following key corporate developments. — [Source](https://www.livemint.com/market/stock-market-news/top-stocks-in-focus-today-investors-must-watch-innovision-tcs-bank-of-baroda-shares-on-wed-9-sept-triggers-11788875139167.html)
- 2026-09-08 — CNBC-TV18: **NLC India subsidiary gets Letter of Award for 200 MW wind project from SJVN** — Shares of NLC India Ltd ended at ₹272.20, up by ₹2.85, or 1.06%, on the BSE. — [Source](https://www.cnbctv18.com/market/stocks/nlc-india-share-price-subsidiary-gets-letter-of-award-for-200-mw-wind-project-from-sjvn-19986994.htm)
- 2026-09-07 — Economic Times: **RVNL shares rise 2% after bagging Rs 903 crore order from SJVN Thermal** — RVNL shares gained nearly 2% after the company received a Rs 903 crore Letter of Award from SJVN Thermal for a railway infrastructure project linked to the 1320 MW Buxar Thermal Power Project in Bihar. The company also recently emerged as the L1 bidder for a Rs 404 crore East Coast Railway project. — [Source](https://economictimes.indiatimes.com/markets/rvnl-shares-rise-2-after-bagging-rs-903-crore-order-from-sjvn-thermal/articleshow/133865981.cms)
- 2026-09-07 — CNBC-TV18: **These four stocks are in focus after order wins worth over ₹900 crore and drug approvals by USFDA** — Most of the stocks that will be reacting to their respective order wins / drug approvals have delivered negative to flat returns so far this year. — [Source](https://www.cnbctv18.com/market/these-four-stocks-are-in-focus-after-order-wins-worth-over-%25e2%2582%25b9900-crore-and-drug-approvals-by-usfda-19985156.htm)
- 2026-09-07 — MONEYCONTROL: **Rail Vikas Nigam shares in focus on order win worth Rs 903 crore** — Rail Vikas Nigam,Rail Vikas Nigam share price,Rail Vikas Nigam share price live today — [Source](https://www.moneycontrol.com/news/business/markets/rail-vikas-nigam-shares-in-focus-on-order-win-worth-rs-903-crore-14023537.html)
- 2026-09-07 — Economic Times: **Stocks in news: Tata Motors, RVNL, Eicher Motors, Mazagon Dock and Lupin** — Indian equity markets experienced volatility, with the Nifty 50 extending its losing streak for four weeks. Escalating US-Iran hostilities pushed crude oil prices higher, impacting overall market sentiment. Several companies, including Tata Motors and Rail Vikas Nigam, are expected to be active on Monday. Mazagon Dock Shipbuilders and Eicher Motors also reported significant corporate developments. Lupin received US FDA approval, while JSW Steel saw production increases in August. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/stocks-in-news-tata-motors-rvnl-eicher-motors-mazagon-dock-and-lupin/articleshow/133844968.cms)
- 2026-09-06 — Mint: **Top stocks in focus on Monday: Why investors watch RVNL, Mazagon Dock, Tata Motors shares - Know news, triggers** — Rail Vikas Nigam (RVNL), Lupin, Tata Motors, Mazagon Dock Shipbuilders, JSW Steel, Lupin among the stocks likely to remain in focus. — [Source](https://www.livemint.com/market/stock-market-news/top-stocks-in-focus-on-monday-why-investors-watch-rvnl-mazagon-dock-tata-motors-shares-know-news-triggers-11788692544285.html)
- 2026-09-06 — CNBC-TV18: **Stocks to Watch for September 7: RVNL, Mazagon Dock, Tata Motors, JSW Steel and more** — From RVNL receiving a ₹903 crore Letter of Award from SJVN Thermal to Lupin securing US FDA approval for Modafinil Tablets USP, 100 mg and 200 mg, here are the stocks to track ahead of Monday’s trading session. — [Source](https://www.cnbctv18.com/photos/market/stocks-to-watch-for-september-7-rvnl-mazagon-dock-tata-motors-jsw-steel-and-more-19984660.htm)
- 2026-09-05 — BUSINESS: **Refex Green Power wins 80 MW wind power project** — Refex Green Power, a wholly-owned subsidiary of  Refex Renewables & Infrastructure, has won a tender and received a letter of award dated 04 September 2026, for setting-up of an 80-MW Wind Power Project, through bids invited by SJVN (A Joint Venture of Government of India and Government of Himachal Pradesh). — [Source](https://www.business-standard.com/markets/capital-market-news/refex-green-power-wins-80-mw-wind-power-project-126090500287_1.html)
- 2026-08-27 — CNBC-TV18: **Juniper Green Energy shares fall 5% despite strong Q1; still above listing price** — The company reported operating income of ₹291 crore in Q1 FY27, up 81% from ₹161 crore in the year-ago quarter. Earnings before interest, tax, depreciation and amortisation (EBITDA) rose 89% year-on-year to ₹261 crore, while the operating EBITDA margin expanded to around 90% from 86% a year ago. — [Source](https://www.cnbctv18.com/market/juniper-green-energy-q1-results-share-price-falls-despite-79-pc-jump-in-revenue-86-pc-rise-in-ebitda-19978153.htm)
- 2026-08-27 — BUSINESS: **Nifty trade below 24,250 in early trade; breadth positive** — At 09:30 IST, the barometer index, the S&P BSE Sensex, declined 82.52 points or 0.11% to 77,418.10. The Nifty 50 index lost 3.75 points or 0.01% to 24,204.95. — [Source](https://www.business-standard.com/markets/capital-market-news/nifty-trade-below-24-250-in-early-trade-breadth-positive-126082700176_1.html)
- 2026-08-27 — BUSINESS: **Stock Alert: GK Energy, Juniper Green Energy, Vikram Solar, B R Goyal Infra** — Shares of Steel Authority of India (SAIL) barred from fresh F&O positions on 27 August 2026. — [Source](https://www.business-standard.com/markets/capital-market-news/stock-alert-gk-energy-juniper-green-energy-vikram-solar-b-r-goyal-infra-126082700121_1.html)
- 2026-08-27 — Mint: **Stocks to watch: Jio Financial Services, BEL, Tata Power among shares to be in focus today. Details here** — Stock market today: Gift Nifty was trading near the 24,358.5 mark, down over 70 points from the previous close of Nifty futures. — [Source](https://www.livemint.com/market/stock-market-news/stocks-to-watch-jio-financial-services-bel-tata-power-among-shares-to-be-in-focus-today-details-here-11787796939759.html)
- 2026-08-26 — The Hindu: **BSE, NSE fine NTPC, SJVN, REC for non-compliance** — BSE and NSE impose ₹59.14 crore fines on NTPC, SJVN, and REC for non-compliance with listing regulations. — [Source](https://www.thehindubusinessline.com/markets/bse-nse-fine-ntpc-sjvn-rec-for-non-compliance/article71392246.ece)
- 2026-07-31 — CNBC-TV18: **Q1 Results LIVE Updates: Dixon tech revenue up 21%, tops Street; Sun Pharma margin slips** — Q1 Results LIVE Updates: Four Nifty companies, ITC, Maruti Suzuki, Sun Pharma and Bajaj Finserv report results today to round off this week dominated by earnings. Broader market names like Dixon Tech, Indian Oil, Glenmark Pharma, GMDC, ABB India, SJVN, GAIL and NALCO among many others will also be reporting their results. The big result reactions of the day include the likes of Swiggy, Mazagon Dock, Thermax, Bajaj Finance's earnings call and upgrades among others. — [Source](https://www.cnbctv18.com/market/q1-results-live-updates-sun-pharma-itc-maruti-suzuki-bajaj-finserv-tata-steel-swiggy-share-price-liveblog-19958383.htm)
- 2026-07-26 — IANSLIVE.IN: **Experts chart roadmap for strengthening project execution across energy and mining CPSEs** — Vadodara, July 26 (IANS) The three-day third edition of Bharat CPSEs' Consultative Conclave 2026 on Project and Asset Management successfully concluded on Sunday here with experts charting out a roadmap for strengthening project execution, asset management and organisational excellence across Central Public Sector Enterprises (CPSEs) in the energy and mining sectors a day before at Gati Shakti Vishwavidyalaya (GSV) Vadodara, after insightful deliberations on strengthening project execution, ass... — [Source](https://ianslive.in/experts-chart-roadmap-for-strengthening-project-execution-across-energy-and-mining-cpses--20260726175403)
- 2026-07-21 — CNBC-TV18: **Paytm delays bonus issue of shares - Here is a list of previous such instances** — One97 Communications Ltd., parent company of Paytm, has decided to defer its proposed bonus issue of shares as it wants to continue its focus on compounding growth and profitability for shareholder value creation. However, this is not the first instance of a company informing the stock exchanges of considering a bonus issue of shares for its shareholders and then deferring the same. Here's a prior list of some companies in the past decade: — [Source](https://www.cnbctv18.com/photos/market/paytm-delays-bonus-issue-list-of-past-instances-ntpc-ongc-bpcl-rites-share-price-19950045.htm)
- 2026-07-16 — Economic Times: **ACME Solar secures Rs 2,646 crore project financing from REC Ltd** — ACME Solar secured significant project financing from REC Limited for a new power facility. This project will combine solar generation with battery storage for assured peak power delivery. The facility is designed to meet supply obligations with greater predictability for grid operators. Electricity generated will be sold to SJVN Limited under a long-term power purchase agreement. ACME Solar Holdings has a substantial portfolio of renewable energy projects under development. — [Source](https://economictimes.indiatimes.com/industry/renewables/acme-solar-secures-rs-2646-crore-project-financing-from-rec-ltd/articleshow/132430535.cms)

## Business profile

**Strategic vision:** Generates and sells electricity from diverse sources.

### Business segments
- **Hydroelectric Power:** A foundational part of its generation capacity.
- **Wind Power:** Includes projects in the wind energy sector.
- **Solar Power:** The company is expanding its solar energy footprint with projects like the 1,000 MW Bikaner Solar Power Project.
- **Thermal Power:** Also forms part of its diversified power generation assets.
- **Consultancy Services:** Leverages expertise in the power sector to provide services to other entities.
- **Energy Trading:** Engages in the trading of energy.

### Competitive strengths
- Operates as a joint venture between national and state governments.
- Categorized as a Mini Ratna, Category-I, and Schedule-‘A’ Central Public Sector Enterprise.

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## Freshness and sources

- Data as of: 2026-09-18
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/sjvn
Markdown representation: https://faxioms.com/stocks/sjvn?render=md