SJVN

Name

SJVN

Legal name

SJVN Limited

Website

https://sjvn.nic.in

Company type

Public

Founded year

1988

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

SJVN Limited is an Indian Navratna CPSE power producer that generates and sells hydroelectric, solar, wind, and thermal power under long-term PPAs with state-owned DISCOMs, operating across India, Nepal, and Bhutan.

Ownership category

akta.pro rank

Product category

Power Generation

NAICS

Hydroelectric Power Generation (221111), Solar Electric Power Generation (221114), Wind Electric Power Generation (221115), Electric Power Generation, Transmission and Distribution (2211)

SIC

Electric Services (4911), Cogeneration Services & Small Power Producers (4991)

akta.pro primary industry

Contracted Wind Power Generation (PPA/CFD/FiT-backed) (EUACAFAJ)

akta.pro secondary industries

Hybrid PPAs (Renewables + Storage) & Firm Renewable Products (EUAGADAI), HV Transmission Asset Owners (Transmission Companies/Transcos) (EUADAAAC)

Keywords

• Hydroelectric power generation
• Solar power generation
• Interstate power trading
• Renewable energy projects
• Thermal power generation

Headquarters

HQ city

Shimla

HQ country

India

HQ region

Asia

Offices6 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Supply Chain, Marketing or Sales, Technology or R&D

Revenue model

1. Power Generation and Sale: SJVN generates electricity from hydroelectric, solar, wind, and thermal power stations and sells under long-term PPAs to state utilities. Revenue derived from tariff rates approved by CERC for each project.
2. Power Trading: SJVN holds Category I trading license from CERC enabling inter-state power trading across India. The company trades power from its own generation and procures/sells from other generators.
3. Consultancy Services: SJVN provides engineering, construction management, and project execution consultancy services for power projects in India and abroad (Nepal, Bhutan).

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels4 records

Core offering

SJVN Limited generates and sells electricity from hydroelectric, solar, wind, and thermal power assets, supplying state-owned distribution companies under 25-year Power Purchase Agreements (PPAs). The company also conducts inter-state power trading under a Category I license and offers engineering and project management consultancy for power projects in India, Nepal, and Bhutan.

Product overview

SJVN Limited is a Navratna Central Public Sector Enterprise and Indian state-owned power producer operating a diversified portfolio of power generation assets. The company operates through three main generation categories: hydroelectric (with major stations including 1,500 MW Nathpa Jhakri, 412 MW Rampur, and 60 MW Naitwar Mori, plus projects under development), solar energy (including the flagship 1,000 MW Bikaner Solar Project, 90 MW Omkareshwar floating solar, 100 MW Raghanesda, 70 MW Dhubri, and multiple Uttar Pradesh projects), and thermal power (1,320 MW Buxar Thermal Project). SJVN also operates wind power stations (approximately 81.3 MW total), cross-border transmission infrastructure to Nepal, power trading services (Category I license), and consultancy. The company executes projects through subsidiaries including SJVN Green Energy Limited (SGEL) for renewables, SJVN Thermal Private Limited for thermal, and SJVN Arun-III/Lower Arun Power Development Companies for Nepal projects. SJVN operates across India's Himachal Pradesh, Rajasthan, Gujarat, Madhya Pradesh, Uttar Pradesh, Assam, Bihar, and Nepal, serving state discoms including GUVNL, APDCL, and others through long-term PPAs.

Differentiator

Problem solved

Functional benefit

Brands

• SJVN Green Energy Limited (SGEL): Wholly-owned subsidiary focused on solar power and renewable energy projects including the 1,000 MW Bikaner Solar Power Project
• SJVN Thermal Private Limited (STPL)

Products and services

• Nathpa Jhakri Hydro Power Station 1,500 MW underground hydroelectric power station in Himachal Pradesh, India's largest of its kind, with cumulative generation exceeding 150 billion units since commissioning.
• Rampur Hydro Power Station 412 MW hydroelectric power station in Himachal Pradesh that achieved its highest-ever annual generation of 2,108.034 million units in FY26.
• 1000 MW Bikaner Solar Power Project India's largest single EPC solar project at a single site, spanning nearly 5,000 acres in Rajasthan with expected generation of 2,454.84 million units in the first year.
• 70 MW Dhubri Solar Power Project Solar project in Assam's Dhubri district developed on 330 acres of lease-based land, supplying power to Assam Power Distribution Company Limited.
• 90 MW Omkareshwar Floating Solar Project Floating solar project utilizing water bodies for solar installation in Madhya Pradesh, part of 190 MW solar projects funded by JBIC green finance.
• 100 MW Raghanesda Solar Project Ground-mounted solar project in Gujarat, part of 190 MW solar projects funded by $111 million green finance from JBIC.
• 1320 MW Buxar Thermal Power Project Coal-based thermal power project in Bihar executed through wholly-owned subsidiary SJVN Thermal Private Limited; Unit 1 inaugurated by PM Modi.
• Khairabera Wind Power Project 47.6 MW wind power project in Maharashtra's Ahmednagar district with 56 turbines of 850 kW capacity each.
• Power Trading Services Inter-state power trading under Category I license from CERC; SJVN trades power from its own generation and other producers, developing systems for load forecasting, load management, and risk mitigation.
• Consultancy Services Engineering, construction management, and project execution consultancy for hydroelectric, solar, wind, and thermal power projects in India, Nepal, and Bhutan.
• Naitwar Mori Hydro Power Station 60 MW hydroelectric power station that exceeded its design energy by 17%, contributing to SJVN's operational hydroelectric portfolio.
• Charanka Solar Power Station Solar PV power station in Gujarat's Charanka solar park, marking SJVN's initial diversification into solar energy beginning March 2017.
• Cross-Border Transmission Line (India-Nepal) 400 kV D/C transmission line connecting Muzaffarpur to the Nepal border for power evacuation from Nepal to India, supporting the 900 MW Arun-3 project.
• 900 MW Arun-3 Hydroelectric Project Hydropower project under execution in Nepal through subsidiary SJVN Arun-III Power Development Company, with power evacuated via cross-border transmission line.

Quantifiable outcome

• 13,302 million units of energy generated in FY2025-26
• +3 more outcomes

Named customers6 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Eight partnerships are on record, tiered core, major and minor.

• SJVN Green Energy Limited (Subsidiary)coreOthers · 6 July 2026SJVN Green Energy Limited, wholly-owned subsidiary of SJVN, developed the 1,000 MW Bikaner Solar Power Project with investment of ₹5,492 crore. Project spans 5,000 acres in Bikaner, Rajasthan using over 24.22 lakh domestically manufactured solar modules.
• Gujarat Urja Vikas Nigam Limited (GUVNL)coreChannel Partner/ Reseller/ Distributor · 3 July 2026SJVN signed PPAs with GUVNL for supply of green power from three hydroelectric projects in Himachal Pradesh - Dhaulasidh (66 MW), Luhri Stage-I (210 MW), and Sunni Dam (382 MW) totaling 658 MW. Power will be supplied from projects in Himachal Pradesh to Gujarat.
• Avaada GroupmajorStrategic or Co-development Partner · 1 June 2026Avaada Group secured $950 million financing for three utility-scale renewable energy projects in India including an FDRE project in Bikaner, Rajasthan with PPA with SJVN. Two additional 300 MW solar projects in Rajasthan and Gujarat with NTPC and SECI respectively. Financing arranged through consortium of international and domestic banks.
• KPI Green EnergyminorChannel Partner/ Reseller/ Distributor · 27 May 2026KPI Green Energy plans to launch renewable energy-backed InvIT holding 1.5-2 GW of operational solar, wind, and hybrid power projects, some with long-term power supply agreements with state-backed utilities including Gujarat Urja Vikas Nigam and SJVN.
• Juniper Green Energy Private LimitedmajorStrategic or Co-development Partner · 23 April 2026Juniper Green Energy commissioned India's first Firm and Dispatchable Renewable Energy (FDRE) project with 200 MW PPA from SJVN. Project combines 259 MWp solar, 280 MW wind, and 200 MWh battery storage. SJVN entered back-to-back power sale agreement with Haryana Power Purchase Centre.
• NHPC LimitedcoreStrategic or Co-development Partner · 10 April 2026NHPC CMD Bhupinder Gupta holds additional charge of SJVN CMD. The 3,097 MW Etalin HEP was reassigned from SJVN to NHPC Limited by the Centre in November 2025. Both are Ministry of Power CPSEs collaborating on India's hydropower development.
• NTPC Green Energy LimitedmajorStrategic or Co-development Partner · 7 April 2026Both SJVN Green Energy and NTPC Green Energy are top 5 players in India's solar market, each adding significant capacity in 2025. SJVN added 1 GW at Bikaner while NTPC Green Energy added 2 GW. Both entities compete and collaborate in India's renewable energy transition.
• ACME Solar Holdings LimitedcoreStrategic or Co-development Partner · 20 March 2026ACME Solar signed 25-year PPAs with SJVN for 450 MW/1,800 MWh capacity under competitive bidding tender. Projects will connect to ISTS substations in Rajasthan providing assured peak power supply during non-solar hours at 90% reliability rate. ACME Solar secured Rs 2,646.64 crore funding from REC for this project.

Scale indicators8 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• NTPC Green Energy Limited: Renewables subsidiary of NTPC and one of India's largest utility-scale solar developers. Direct peer to SJVN Green Energy Limited in competing for utility-scale solar PPAs and Hybrid-3 tenders; both added significant capacity in 2025 and compete for the same SECI/ state tenders.
• NHPC Limited: India's largest hydro power CPSE under Ministry of Power; directly comparable to SJVN as a government-owned hydropower generator with diversified RE expansion. NHPC's CMD also holds additional charge of SJVN CMD, and the two entities actively share projects (e.g., Etalin HEP reassignment).
• JSW Energy Limited: Indian power producer operating thermal, hydro, solar, and wind assets with PPA-backed generation model. Comparable in diversified technology mix and rapid renewable capacity addition trajectory (similar M&A- and tender-driven growth strategy to SJVN).
• Adani Green Energy Limited: India's largest listed pure-play renewable energy company operating utility-scale solar, wind, and hybrid projects under long-term PPAs. Direct comparable in scale, technology mix, and PPA-backed business model serving state DISCOMs.
• ReNew Energy Global PLC: One of India's largest renewable IPPs with utility-scale solar, wind, and FDRE/hybrid projects under long-term PPAs with state DISCOMs. Directly comparable as a private-sector counterpart competing for the same Hybrid-3 and FDRE tenders that SJVN has been winning.
• Greenko Group: Indian renewable IPP with significant pumped storage and round-the-clock (FDRE-style) renewable offerings. Comparable to SJVN in the FDRE/hybrid + storage segment where premium tariffs (similar to SJVN's ₹6.74/kWh ACME PPA) are central to value creation.

Broad incumbents

• Tata Power Company Limited: Diversified Indian power incumbent with generation (thermal, hydro, solar, wind), transmission, and distribution businesses. Comparable as a multi-technology Indian power operator with both utility-scale generation and PPA-backed renewable portfolio, though Tata Power is privately controlled rather than government-owned.
• Reliance Power Limited: Indian power IPP with diversified generation including large thermal, hydro, and renewable assets. Comparable in scale and multi-technology generation mix but not government-owned; competes with SJVN for some of the same large Indian power projects.

Regional players

• Power Grid Corporation of India Limited: India's central transmission utility operating the inter-state transmission network that SJVN uses to evacuate power from hydro and solar projects. Comparable as a power-sector CPSE under Ministry of Power with capital-intensive grid infrastructure; not a direct generation peer but a key counterpart.

Emerging players

• ACME Solar Holdings Limited: Indian solar and FDRE developer; signed a 450 MW/1,800 MWh FDRE PPA with SJVN and REC funding. Comparable as a renewable peer operating FDRE projects adjacent to SJVN's portfolio, and overlaps in the same competitive tender universe for utility-scale solar and storage.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks1 record

Key highlights7 records

Customer concentration

• Xx.com/SjvnLimited
• LinkedInlinkedin.com/company/sjvn-limited

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries5 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about SJVN