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SJVN Limited’s board approved merging its subsidiary, SJVN Thermal, to consolidate operations
30-Oct-2026, 04:29
SJVN Limited, a joint venture of the Government of India and the Government of H.P., announced that its board of directors approved a proposal to merge SJVN Thermal Private Limited, a wholly owned subsidiary, with SJVN Limited, subject to approval from the Government of India. SJVN Thermal Private Limited, which operates the 1320 MW Buxar Thermal Power Plant in Bihar, had a paid-up capital of Rs 3131.72 crore and a turnover of Rs 520.78 crore as of March 31, 2026, while SJVN Limited had a paid-up capital of Rs 3929.79 crore and a turnover of Rs 3544.52 crore as of the same date. The merger is intended to consolidate operations, eliminate overlapping functions, and improve operational efficiency.