Powering for the Future

SJVN is one for dividend pickers. A dividend yield of 4 per cent for a company that does not carry a lot of debt and one that has grown its earnings at 15 per cent annually in the last three years is remarkable, especially when you take into consideration that SJVN is a mini-ratna PSU. Satluj Jal Vidyut Nigam Ltd (SJVN) is a JV between the government of India and that of Himachal Pradesh. SJVN is primarily a hydroelectric power company. It operates hydroelectric projects in Himachal Pradesh, Uttrakhand, Arunachal Pradesh and in Nepal and Bhutan. The company has not restricted itself to hydroelectric power alone. It has a thermal power project in Bihar, wind power project in Maharashtra and solar power projects in Gujarat and Rajasthan. In spite of its foray

This article was originally published on July 13, 2015.