Power ‘Mini Ratna’ NHPC reports Net Profit up by 8% of Rs 3834 cr during FY23

New Delhi: NHPC Limited, India’s premier hydropower company and a ‘Mini Ratna’ Category-I Enterprise of the Government of India has declared its Audited Financial Results for the Financial Year 2022-23 with the approval of its Board of Directors.

The Company has reported Profit After Tax (PAT) of Rs 3834 Crore on standalone basis in FY 2022-23 against Rs 3538 Crore for the last fiscal, which is higher by 8%.

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Consolidated Net Profit for 2022-23 stood at Rs 3890 compared to Rs 3524 Crore in 2021-22, thereby registering an increase of 10%. NHPC Power Stations achieved generation of 24907 Million Units (MUs) in FY 2022-23.

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The Board of Directors recommended final dividend of Rs 0.45 per Equity share for Financial Year 2022-23 in addition to interim dividend of Rs 1.40 per share. Accordingly, total dividend for FY 2022-23 is Rs 1.85 per share.

NHPC presently has an installed capacity of 7097.2 MW from 25 power stations and is presently engaged in the construction of 16 projects aggregating to a total installed capacity of 10489 MW. It also has 12 Projects with aggregate capacity of 5882 MW under clearance stage and 2 projects with aggregate capacity of 890 MW in Survey & Investigation stage.

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