SJVN Ltd

- SJVN has raised Rs. 10 billion through securitization; proceeds will be used for infusion of equity and meeting debt requirements for various projects under construction (4323 MW projects needing over Rs. 30,000 Crore). - Debt raising for renewable projects under the SJVN Green Energy Limited (SGEL) subsidiary is done through SGEL, with SJVN providing guarantees where required. - No plans to increase dividend from securitization proceeds; dividend payments will follow Government of India guidelines. - Finance costs increased due to loans taken from various banks; current average cost of borrowing is around 6.5%. - For new projects, debt and equity will be raised, with equity used upfront and debt utilized through project financing. In summary, SJVN is actively raising debt (including securitization) for project funding and using a mix of debt and equity for new investments.

- Investment approval received for Sunni Dam Hydroelectric project (382 MW) in Himachal Pradesh with an estimated cost of Rs. 2615 Crores; contracts awarded as of January 2023. - Ongoing capex includes 14 projects under construction: 12 generation projects (4323 MW capacity) and 2 transmission lines. - Major under-construction projects include hydro, thermal (Buxar), and solar plants (totaling over 4000 MW). - Target to commission over 3000 MW capacity projects by end of FY2024, crossing 5000 MW total capacity. - Rs. 10000 MW solar power projects signed via MOU in Rajasthan; participating in tenders to install solar projects for other states like Punjab. - Raised Rs. 10 billion through securitization to fund equity infusion and debt for ongoing projects. - Financing cost averages around 6.5%; new renewable projects under subsidiary SGEL with debt raising and guarantee arrangements in place.

- SJVN targets a total power generation capacity of over 5000 MW by the end of FY2024, up from the current 2100 MW operational capacity. - Over 4000 MW of projects are under various stages of construction and development, including hydro, thermal, solar, and wind projects. - Commissioning expected of major projects like Buxar thermal (750 MW), Nepal projects (900 MW), and several solar projects, contributing significantly to capacity. - Anticipated increase in revenue from operations aligned with capacity expansion; nine-month revenue for FY2023 increased by 16% year-over-year. - Incentives related to capacity and UI contributed approximately Rs. 72 Crore in the recent quarter. - Ongoing focus on renewable energy with approximately 179.5 MW operational and 1385 MW under construction, expected commissioning by FY2024. - Overall power generation volumes expected to grow with commissioning of new projects, supported by stable plant availability.

- SJVN targets to cross 5000 MW of total capacity by the end of FY2024, up from 2100 MW currently operational. - Over 4000 MW of projects are under construction, with plans to commission more than 3000 MW within FY2024, boosting revenue potential. - The hydro and solar projects under development imply growth in generation capacity and operating income. - Earnings growth is supported by positive Q3 FY2023 results showing a 25% increase in PAT year-on-year. - Increase in revenue for nine months of FY2023 by 16% (operational revenue) and 21% (total income) indicates strong business growth. - Sustainable operating margins (~70-80% for hydro, ~60% for solar projects) support profitability. - Dividend policy follows Government of India guidelines; expected to meet minimum payout while balancing capacity expansion needs. - Ongoing new project investments and equity infusion expected to further enhance earnings and EPS in coming years.

- SJVN currently has a total orderbook of projects under construction and development capacity of 4,323 MW (Page 3). - Under operation, 179.5 MW of renewable projects are operational (Page 14). - 1,385 MW of renewable capacity is under construction, expected to be commissioned by FY2024 end (Page 14). - An additional approx. 1,100 MW renewable projects are in various stages of development for the renewal portfolio (Page 15). - Overall, SJVN targets to cross 5,000 MW capacity by end of FY2024 (Page 7, 15). - The company has 5 hydro projects under construction, 1 thermal project, and 6 solar projects under construction, along with 2 transmission lines (Page 3). - Major ongoing projects include Buxar Thermal (approx. 1,060 MW), 900 MW Nepal projects, Naitwar Mori (60 MW solar), and several solar projects like Bikaner (1,000 MW), Bagodara (70 MW), Gurhah & Gujrai (UP) and floating solar projects (Page 7).