SJVN expansion equity to be met from reserves – CMD Sharma

Shimla: Cash surplus SJVN, the public sector power generating company whose IPO opened today, stated that it would not need any capital infusion towards equity participation in the seven other projects awarded to it that would increase the total generating capacity by 3588 MW.

At a conference call HK Sharma, CMD of SJVN told reporters that with a cash reserve of about Rs 1500 crore, the company would not need to raise funds for meeting equity needs of the two project awarded in Himachal, three projects in Uttrakhand, and one each in Manipur and Nepal.Read Full Story