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Mint
2 days ago
- Business
- Mint
India ramps up plan to tap potential of Indus basin rivers
NEW DELHI : New Delhi: The Union water ministry is considering roping in state-run hydroelectric power generators NHPC Ltd and SJVN Ltd for developing dams and reservoirs connected to an ambitious river-linking project in Jammu and Kashmir, according to an official aware of the plan. The official was one of three Mint spoke to about the government's plan to link the Indus and Chenab rivers in J&K in order to extract more water from the Indus river system, now that India has suspended its participation in the Indus Water Treaty with Pakistan. The 1960 water-sharing pact came under strain following this year's armed conflict between India and Pakistan. India's goal is to address Delhi's water shortage along with meeting the requirement for irrigation in Haryana, Punjab and Rajasthan by diverting more water from the Indus basin. This would be done by connecting the proposed Indus-Chenab link to the interconnected Ravi-Beas-Sutlej canal system, the people cited above said. Read more: J&K seeks stake, revenue share in NHPC's ₹22,700 crore Sawalkot hydro project The project would in the main rest on canals and tunnels linking the Indus with the Chenab in the first instance. This would be followed by linking the Chenab with three rivers—Ravi, Beas and Sutlej—that feed into Punjab. Punjab and Haryana are considered the bread basket of India. From there, the water would be routed to the 214-km Sutlej-Yamuna Link (SYL) canal—conceived in the 1960s but still under construction—and then to the thirsty capital of Delhi. The IWT already allows India unrestricted use of waters from the Ravi, Beas and Sutlej. It gives Pakistan control over the other three rivers of the Indus Basin—the Indus, Chenab and Jhelum. The Indus begins in Tibet, enters India near Ladakh and then continues westward into Pakistan. By using water from the Indus, New Delhi can limit the water available to Pakistan. 'After linking the Indus and Chenab to the Ravi-Beas-Sutlej system, the plan conceives extending the linkage to the Sutlej-Yamuna Link, transferring the water to the Yamuna, which may ease water issues in the national capital," said one of the three people, all of whom spoke on the condition of anonymity. The Times of India reported on 16 June that the Centre had initiated a pre-feasibility study for constructing a 113-km canal to redirect 18-24 billion cubic metres (BCM) of water from Jammu and Kashmir (J&K) to Punjab, Haryana and Rajasthan. The study would take into account the ecological, topographical, and engineering viability of the project as it passes through the Himalayan terrain. India's plan to enhance water diversion from the Indus basin also involves accelerating the construction of the multipurpose (hydropower, irrigation, drinking) project on the Ujh river—a major tributary of the Ravi—in J&K's Kathua to maximize the country's use of its share of the Ravi water. The government suspended the Indus Waters Treaty with an aim to control the water flow into Pakistan as part of its diplomatic response to the 22 April Pahalgam attack. The tall task However, it's a long road from the drawing board of ministries to the farms of Punjab, Haryana and Rajasthan. The whole project would require two canals or a large-capacity structure like the Narmada Main Canal—an over 500-km canal that forms the backbone of India's largest integrated irrigation and drinking water project, the Sardar Sarovar Project on the Narmada River, said the second person. Further, connecting the Ravi-Beas-Sutlej system to the under-construction Sutlej-Yamuna Link may require dredging along the Yamuna's river-bed to increase its capacity to absorb the excess water, said A.K. Singh, general manager at NTPC, Hydro Headquarters. 'These are long gestation projects. The terrain, the required land acquisition and displacement of communities, various clearances like environment, forest, wildlife, etc., and preparing a detailed project report need to be taken into account. Such a mega-plan involves regulatory gates, generating equipment, water conductor system, etc.," said Abhay Kumar Singh, president, Indian National Hydropower Association (INHA) and former chairman and managing director of NHPC. Read more: India to fast-track hydropower plans on Pakistan-bound rivers after treaty suspension He said it would take a minimum of 6-to-10 years to just finish planning, that too when all stakeholders are on the same page. Besides, political commitment is crucial. Cost is another factor: a project of this scale would require an investment of ₹2-3 trillion. 'River-linking projects are highly capital-intensive. The Centre will have to come up with a budget allocation. State-run companies on their own may not be able to put in the capex required," said an official with a hydro-power company on the condition of anonymity. Queries sent to the Union ministries of Jal Shakti and power, NHPC and SJVN remained unanswered till press time. Another problem is the status of the SYL, which has been stuck for decades. First conceptualized in 1966, the construction of the 214-km SYL was started in 1982 and stalled in 1990 following the killing of project engineers and some workers by militants, amid protests against the project in Punjab. Work has been stuck amid a long-standing dispute between Punjab and Haryana over the quantum of of water to be shared. The Supreme Court in 2020 asked both states to negotiate and move ahead with the construction. Talks have been underway without much movement on the ground. The last meeting was held on 9 July among the chief ministers of Punjab and Haryana and the union minister for Jal Shakti C.R. Patil in the national capital. It remained inconclusive. Punjab water resources minister Barinder Kumar Goyal told Mint that Indus Water Treaty suspension must be duly utilized to fulfil the water needs of his state. "If the centre agrees to share the Chenab water adequately with Punjab and fulfil our water needs, then depending upon the feasibility report we would be ready to share Chenab water with other states such as Haryana – be it through canal or other modes." The water diplomacy Addressing members of the Bharatiya Janata Party in Madhya Pradesh in June, Union home minister Amit Shah said the Indus river water will be taken to Sri Ganganagar in Rajasthan, and that irrigation facilities would benefit large areas, leaving Pakistan water-starved. Recently, the chief minister of Punjab, Bhagwant Singh Mann, also said the decision to keep the IWT in abeyance opens up the possibility of greater utilization of water from the Indus, Jhelum, and Chenab within India. Mann said waters of the western rivers should be allocated to Punjab on a priority and that new storage dams should be built upstream of the Bhakra and Pong dams. The government has already set a plan in motion to fast-track under-construction hydroelectric power projects in J&K and develop new projects with large storage capacities and low-level sluice gates on the Indus, Jhelum, and Chenab rivers, Mint reported on 15 July. Read more: Mint Explainer: India puts Indus Waters Treaty on ice—what's at stake for both sides The Indus basin has the highest hydropower generation capacity in the country—32GW—of which only 15GW is operational. "The proposed move is a win-win situation for Punjab and Haryana. However, the government needs to carry out the feasibility study first to ascertain whether the project is geographically and economically viable as it may include like laying pipes, tunneling, building canal," said Jaskaran Singh Waraich, Chairperson, Department of Defence and National Security Studies, Panjab University, Chandigarh. 'The proposed linking of the Indus and Chenab with the Satluj-Yamuna Link is very much doable. However, the project will take a long time to be completed as it involves tunnelling, building dams, and canals. Also, there would be huge costs involved," said Iftikhar A. Drabu, a Srinagar-based civil engineer who has worked on hydropower projects, including Uri, KishanGanga, and Dulhasti.
India Today
02-06-2025
- Business
- India Today
Reliance Power shares surge 8% today, 23% in last week. Should you buy?
Shares of Reliance Power rose nearly 8% on Monday to hit a new one-year high of Rs 62.80. This is the third day in a row that the stock has gone up. Over the past five trading sessions, the stock has gained 23%, showing strong buying share price has seen a steady climb over different time periods. In the last month, it has been up by 54.90%.Over the last six months, it has gone up by 59.92%. The stock has more than doubled in a year with a 141.40% rise. Over the last five years, the rise has been massive; 2,602.61%.WHY IS THE STOCK RISING?The recent gains in Reliance Power's share price come after some major business developments. One of the key triggers was a letter of award (LOA) received by its subsidiary, Reliance NU Energies, from SJVN Ltd, a public sector company. The LOA is for setting up a 350 MW solar power project with a 175 MW/700 MWh battery energy storage system. This project will be connected to the inter-state transmission system (ISTS).Earlier, Reliance Power also entered into a joint venture with Druk Holding and Investments (DHI) of Bhutan. Together, they will build India's largest solar power project worth Rs 2,000 crore. The 500 MW project will be developed through a 50:50 partnership using the Build-Own-Operate (BOO) model. These moves are seen as a shift towards clean energy and have boosted investor EXPERTS WEIGH INSeveral analysts are positive on the stock's trend. Ravi Singh, Senior Vice President of Retail Research at Religare Broking, said the next price target is Rs 65, with a stop loss at Rs Krishan, Senior Analyst at Angel One, noted that Reliance Power has been on a rising trend for the fourth week in a row. He said the momentum may continue and advised using trailing stop losses to protect profits. He believes the Rs 54–52 range could act as a support S Patel, Technical Research Analyst at Anand Rathi, said the stock has support at Rs 60 and faces resistance at Rs 65. If it moves above Rs 65, it could rise to Rs 68. For now, he sees it trading in the Rs 58–68 INDICATORS AND FUNDAMENTALSThe stock is trading above all key moving averages — including the 5-day, 10-day, 20-day, 30-day, 50-day, 100-day, 150-day and 200-day simple moving averages (SMA). This is usually seen as a positive 14-day Relative Strength Index (RSI) stands at 80.47. An RSI above 70 is considered overbought, which means the stock could see some correction or profit-booking in the short at the financial ratios, the stock has a high price-to-earnings (P/E) ratio of 386.88 and a price-to-book (P/B) ratio of 2.71. The earnings per share (EPS) is at Rs 0.16 and return on equity (RoE) is 0.71. These figures suggest that while the stock is in demand, the valuation remains quite high compared to to data from Trendlyne, the stock has a one-year beta of 1.3. A beta above 1 means the stock is more volatile than the of May 7, 2025, promoters held a 24.98% stake in Reliance Power, which is led by Anil The views, opinions, recommendations, and suggestions expressed by experts/brokerages in this article are their own and do not reflect the views of the India Today Group. It is advisable to consult a qualified broker or financial advisor before making any actual investment or trading choices.)
Economic Times
30-05-2025
- Business
- Economic Times
SJVN shares in focus after co posts Q4 loss of Rs 127.6 cr vs profit year ago
Shares of SJVN Ltd are likely to be in focus on Friday, May 30, after the state-owned hydropower and renewable energy company reported a net loss in the fourth quarter of FY25, marking a significant turnaround from its performance a year ago. ADVERTISEMENT The company posted a net loss of Rs 127.6 crore in Q4 FY25, in sharp contrast to a profit of Rs 61 crore reported in the same quarter last year. The decline was partly due to the absence of exceptional gains, as SJVN had reported a one-time gain of Rs 104 crore in Q4 FY24, which had boosted its bottom line last year. Despite the loss, SJVN's revenue during the March 2025 quarter showed modest growth. Revenue rose 4.5% year-on-year to Rs 504 crore, up from Rs 483 crore in the corresponding period of the previous fiscal. The company's renewable energy segment, comprising wind and solar projects, contributed Rs 67.5 crore in revenue during the the board of directors of SJVN announced a dividend of Rs 3.1 per share for its shareholders. Other details like the record date and the payout date will be announced in due course. Also read: Samvardhana Motherson proposes 1:2 bonus issue, recommends final dividend of Rs 0.35 per share ADVERTISEMENT Over the last year, the shares of SJVN have declined by 26.85%, while it is down 7.88% year-to-date (YTD). In the past six months, the stock has dropped 11.05%, but it has shown a recovery in the short term, rising 21.34% over the last three months and 5.57% in the past month. On Thursday, SJVN shares fell by 0.25% to close at Rs 101.90 on the BSE. ADVERTISEMENT (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
30-05-2025
- Business
- Time of India
SJVN shares in focus after co posts Q4 loss of Rs 127.6 cr vs profit year ago
Live Events SJVN share price history (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Shares of SJVN Ltd are likely to be in focus on Friday, May 30, after the state-owned hydropower and renewable energy company reported a net loss in the fourth quarter of FY25, marking a significant turnaround from its performance a year company posted a net loss of Rs 127.6 crore in Q4 FY25, in sharp contrast to a profit of Rs 61 crore reported in the same quarter last year. The decline was partly due to the absence of exceptional gains, as SJVN had reported a one-time gain of Rs 104 crore in Q4 FY24, which had boosted its bottom line last the loss, SJVN's revenue during the March 2025 quarter showed modest growth. Revenue rose 4.5% year-on-year to Rs 504 crore, up from Rs 483 crore in the corresponding period of the previous company's renewable energy segment, comprising wind and solar projects, contributed Rs 67.5 crore in revenue during the the board of directors of SJVN announced a dividend of Rs 3.1 per share for its shareholders. Other details like the record date and the payout date will be announced in due the last year, the shares of SJVN have declined by 26.85%, while it is down 7.88% year-to-date (YTD). In the past six months, the stock has dropped 11.05%, but it has shown a recovery in the short term, rising 21.34% over the last three months and 5.57% in the past Thursday, SJVN shares fell by 0.25% to close at Rs 101.90 on the BSE.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
News18
29-05-2025
- Business
- News18
SJVN reports Rs 128 cr loss in Jan-Mar quarter
Agency: PTI Last Updated: New Delhi, May 29 (PTI) State-run SJVN Ltd on Thursday reported a Rs 127.72 crore loss in the March quarter due to higher expenses. The company had posted a net profit of Rs 61.08 crore in the January-March period of 2023-24, the company said in an exchange filing. The company's total income declined to Rs 548.84 crore from Rs 573.23 crore in the fourth quarter of FY24. Expenses increased to Rs 697.96 crore from Rs 606.60 crore in the last quarter of FY24. The board recommended a final dividend of Rs 0.31 per equity share for the financial year 2024- 25 subject to the approval of shareholders in the ensuing Annual General Meeting. The final dividend is in addition to the interim dividend of ₹1.15/- per equity share declared in the month of February 2025, for the Financial Year 2024-25, and will be paid within the statutory period as prescribed in the Companies Act, 2013. PTI ABI MR
