11 Apr 2025

SJVN Shares Rise as Company Releases RS. 269.97 Crore Land Compensation for Etalin Hydro Project

SJVN is trading at RS. 91.80, up by 1.76 points or 1.95% from its previous close of RS. 90.04 on the BSE.

The stock opened at RS. 91.90 and touched an intraday high of RS. 92.49 and a low of RS. 91.23. A total of 1,19,406 shares have been traded so far.

A BSE Group 'A' stock with a face value of RS. 10, SJVN recorded its 52-week high of RS. 159.60 on July 26, 2024, and a 52-week low of RS. 80.50 on March 3, 2025. In the past week, the stock traded between a high of RS. 96.14 and a low of RS. 83.09. The company’s market capitalization stands at RS. 35,969.42 crore.

Promoters hold a significant 81.85% stake in the company, while institutional and non-institutional investors hold 6.69% and 11.47% respectively.

In a major development, SJVN has disbursed RS. 269.97 crore as land compensation for the 3,097 MW Etalin Hydro Electric Project in Arunachal Pradesh’s Dibang Valley. The project involves the construction of two dams—one on the Dri River and another on the Talo (Tangon) River—as well as an underground powerhouse complex. The project is scheduled for commissioning in December 2033.

The compensation marks a crucial step towards honoring the rights of local communities and boosting infrastructure development in the region.

A Memorandum of Agreement (MoA) for the project was signed between SJVN and the Arunachal Pradesh government in August 2023. It includes this and four other hydro projects in the Dibang Valley district, with a combined generation capacity of 5,097 MW and an estimated investment of RS. 60,000 crore.

SJVN primarily operates in the field of electricity generation and also provides consultancy services.