Shimla, Jun 4 (PTI) Dalal Street Investment Journal (DSIJ) conferred PSU Award of the Year 2020 on SJVN Chairman and Managing Director Nand Lal Sharma, a SJVN spokesperson said.

The award was conferred in recognition of the outstanding contribution made by Sharma to make SJVN most efficient and profitable mini-ratna company of the year 2020.

Sharma is heading SJVN Limited as CMD, a Schedule A, Mini Ratna Public Sector Enterprise.

Under his leadership, SJVN has emerged as a major player in the Power Sector in India and neighboring countries.

SJVN currently is constructing seven Power Projects with capacity of around 3300 MW in India, Nepal and Bhutan, a press note issued by SJVN stated.

His persistent and unrelenting efforts have resulted in allocation of more than 10 power projects in India and abroad in the last two years, it added.

SJVN has set ambitious targets of becoming a 5000 MW company by 2023, 12000 MW company by 2030 and 25000 MW company by 2040.

SJVN is going to invest Rs 30,000 crores in next five years and Rs 60,000 crores in next ten years in various projects in India & abroad. This will result in employment generation, infrastructure development and socio-economic growth.

SJVN's present installed capacity is 2016.51 MW with a portfolio of around 9000 MW, having presence in various sectors of energy generation which includes Hydro, Wind, Solar and Thermal, it added.

The company also has a presence in the field of energy transmission.

Established in 1986, the Dalal Street Investment Journal (DSIJ) is India's No 1 equity research and capital investment magazine which caters to the needs of its reader-investors, it added.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)