SJVN has received approval for signing of Joint Venture Agreement with Indian Oil Corporation (IOC) for the purpose of formation of Joint Venture Company for development of Green RTC/Renewable Projects and other New Technology based Projects. The entity to be formed will be a 50:50 JV whereby both SJVN and IOCL shall hold 50% stake.
The formation of the Joint Venture Company is also subject to the approval of Ministry of Power, NITI Aayog, Department of Investment and Public Asset Management (DIPAM, Ministry of Finance) etc. The Board of Directors of the company in its meeting held on May 29, 2024 has approved the same.
SJVN’s principal business activity is electricity generation. The company is also engaged in the business of providing consultancy.
