All the five projects are located in Dibang Basin, which will result in optimal resources utilization and timely completion of projects.

The development of these projects will involve an investment of more than Rs 50,000 crore, while construction of these projects will reduce carbon emission in tune of around 1.1 million tonne per year.

The company is committed to achieve 25 GW of generation capacity by end of current decade, more than half of which is bound to come from renewable resources.

With a total project portfolio of 55,527 MW, the company is on rapid progression to achieve its shared vision of 5,000 MW by 2023-24, 25,000 MW by 2030 and 50,000 MW company by 2040. This shared vision has been formulated in sync with the commitment of the Government of India of generating 50% energy from non-fossil fuel-based energy resources by 2030.

SJVN is an Indian public sector undertaking having business interests in hydro, thermal, solar, wind and in power transmission & power trading. It is a joint venture between the Government of India and the Government of Himachal Pradesh.

The power generation company's consolidated net profit surged 129.77% to Rs 17.21 crore on 55.93% jump in revenue from operations to Rs 503.77crore in Q4 FY23 over Q4 FY22.

The scrip hit an all-time high at Rs 62.75 in intraday today on the BSE.