1: SJVN Limited's Recognition at CIDC Vishwakarma Awards 2024

- SJVN Limited was awarded two prestigious titles at the 15th CIDC Vishwakarma Awards in 2024.

- Previously known as Satluj Jal Vidyut Nigam, SJVN received the 'Achievement Award for Creating Social Development & Impact' and the 'CIDC Partners in Progress Trophy'.

- These awards laud SJVN’s dedication to creating positive societal changes through innovative and sustainable CSR (Corporate Social Responsibility) initiatives.

- The company secured these respected awards for the third consecutive year, demonstrating their consistent contribution to societal change.

2: SJVN Limited's Corporate Social Responsibility Efforts

- So far, SJVN Limited has invested over ₹450 crores in a wide range of CSR activities.

- CSR is a self-regulatory business model that makes a company socially accountable to itself, stakeholders, and society.

- The Companies Act, 2013, Section 135, mandates certain businesses to spend 2% of their average net profit from the last three years on CSR initiatives.

- India thus has the largest compulsory CSR program globally.

3: About CIDC Vishwakarma Awards

- The Vishwakarma awards aim to honour the spirit of construction and creation, inspired by Lord Vishwakarma, the patron deity of Indian construction practices.

- These annual awards celebrate notable achievements in India's construction industry.

- The awards are given out annually on March 7th, the Construction Industry Development Council (CIDC)'s foundation day.

- The inaugural CIDC Vishwakarma Awards were held in 2009.

4: Ambitions of SJVN

- SJVN has set ambitious targets for its growth, aiming to become a 5000 MW company by 2023-24, a 25000 MW company by 2030, and a 50000 MW company by 2040.

5: Overview of the Construction Council Industry Development Council (CIDC)

- The CIDC was established by the combined efforts of the Planning Commission, the Government of India, and the Indian construction industry.

- It has been awarded the prestigious Golden Peacock National Training Award in 2008, demonstrating their approach to excellence in training within the industry.