NHPC earns highest ever standalone net profit of Rs 3007 crore profit during FY 2019-20 PSU NEWS

NHPC earns highest ever standalone net profit of Rs 3007 crore profit during FY 2019-20

 

Faridabad: NHPC’s earns Highest ever Standalone Net Profit of Rs 3007 Crore profi during FY 2019-20. 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 2019-20. The Board of Directors approved the Audited Financial Results for FY 19-20 in the e-meeting held on June 27, 2020 at Faridabad.

NHPC has reported net profit after tax of Rs. 3007.17 Crore on standalone basis in the FY 2019-20 compared to Rs 2630.55 crore for the last fiscal year. Sales for the FY 2019-20 stood at Rs 8735.41 crore to Rs 8161.18 crore in the last fiscal year. Consolidated profit for 2019-20 stood at Rs 3,324.72 crore before non-controlling interest compared to Rs 2,835.79 crore in 2018-19. Consolidated total income of the company in 2019-20 is Rs 10,776.64 crore as against Rs 9,846.81 crore in 2018-19.
 
NHPC Power Stations achieved highest ever generation of 26121 Million Units (MU) in FY 2019-20 as compared to 24193 MUS in FY 2018-19.
 
The Board of Directors have also recommended final dividend of Rs 0.32 /- per share for Financial Year 19-20 in addition to interim dividend of Rs 1.18/- per share already paid by the Company in March 2020. The total dividend payout for FY 19-20 is Rs 1506.76 crore as compared to total dividend payout of Rs 1466.58 crore for FY 18-19. NHPC, today has about seven lakh shareholders.
 
Shri A.K. Singh, CMD, NHPC said, “NHPC has set a target of 10,000 MW installed capacity by 2022 and 13,000 MW installed capacity by 2024 from its current installed capacity of 7071.2 MW. In addition, we have pan-India plans to expand NHPC's solar and wind power portfolio alongwith its core business of hydropower development and we are striving to achieve additional solar capacity of 5,000 MW by 2022 through these sources.”
 
NHPC is currently on an aggressive expansion mode and has established dialogues with concerned authorities across all levels towards exploring newer avenues for development of Hydropower, Solar and Wind projects. NHPC recently held meeting with Government of Himachal Pradesh for execution of 449 MW Dugar Hydroelectric Project, 260 MW Sach Khas, 130 MW Rashil and 104 MW Tandi in the state. A meeting was also held with Government of Sikkim for execution of 500 MW Teesta-VI, 120 MW Rangit-IV and 520 MW Teesta-IV to be executed by NHPC. NHPC has recently signed an MOU with Hydropower Investment and Development Company Limited, Nepal for jointly developing hydropower projects in Nepal. NHPC has also held meetings with top officials for development of solar projects in Andhra Pradesh, Uttar Pradesh and Union Territory of Ladakh and exploring in Rajasthan also.


Posted Date :  27-06-20

Categories : PSU NEWS

Similar news

The fully mechanised iron ore loading system

New Delhi: The fully mechanised iron ore loading system at the Bailadila iron ore mines, Bacheli Complex has high-speed loading systems that ensure the entire rake is loaded in 30-40 minutes for sustained and consistent supply to our customers.
Posted Date :  10-07-20

Read more

The April May 2020 Issue of shelter published by HUDCO HSMI

New Delhi: The April – May 2020 Issue of Shelter published by HUDCO’s HSMI was released by Shri M Nagaraj, CMD HUDCO on 10th July, 2020 during Business Review Meeting on the occasion of the Golden Jubilee Year of HUDCO, in the presence of Shri D Guhan, DF, Shri S K Gupta ED(T), Shri Shailesh
Posted Date :  10-07-20

Read more

NRL encourage hygiene and safe garbage disposal

New Delhi: The power of communities to create health is sometimes greater than hospitals and clinics! As part of the Swachhata Pakhwada campaign, dustbins were installed in community spaces by NRL to encourage hygiene and safe garbage disposal. As part of the SwachhatamPakhwada campaign, Cle
Posted Date :  10-07-20

Read more

Shri A.K. Singh CMD Inaugurated Experience Centre at NHPC Office

New Delhi: Sh A.K. Singh, CMD inaugurated ‘Experience Centre’ at NHPC Corporate Office on 10.07.20. Sh Ratish Kumar, Director (Projects), Shri M.K. Mittal, Director (Finance) & Shri Y.K. Chaubey, Director (Technical) were also present alongwith other senior NHPC officers & employees.
Posted Date :  10-07-20

Read more

GAIL Believe That Swachhta Hi Sewa Hai

Kolkata: At GAIL, we believe that "Swachhta Hi Sewa Hai". Commited to GOI's vision of a cleaner India, GAILians across India have taken the Swachhta Pledge. Glimpses from our Kolkata and Karaikal offices. Our healthy life style goes hand in hand with cleanliness and hygiene. Sanitisation
Posted Date :  10-07-20

Read more

ONGC distributed over 193000 masks during Swachhta Pakhwada 2020

New Delhi: 34 locations of Energy Maharatna ONGC distributed over 193,000 masks, around 30,000 hand sanitizers, over 12,000 soaps & liquid handwash packets and 9,000 gloves benefitting 2 lakh plus general public across India during first week of Swachhta pakhwada 2020, for a Swachh bharat
Posted Date :  09-07-20

Read more

Rupees 89.7 Lakh Sanctioned For Students Hostel At Tiklipara

Sambalpur: With an objective of enhancing infrastructure amenities in rural schools, MCL will be constructing a hostel at Basundhara High School, Tiklipara for 50 students studying from SC-ST dominated areas of Sundergarh district.  This school is located at rehabilitation settlement in Tikl
Posted Date :  09-07-20

Read more

The Indian Global Week 2020 organised by Indian Inc Corp

New Delhi: The pandemic has brought about many important changes. One among them has been the interest in improving the body’s natural defence mechanism. While addressing the Indian Global Week 2020 organised by Indian Inc Corp., Shri Narendra Modi, Prime Minister has reiterated the fact that
Posted Date :  09-07-20

Read more

NMDC launched an incubation program

New Delhi: NMDC has launched an incubation program, the NMDC Innovation & Incubation Centre(NICE) in collaboration with iTIC Foundation, IIT Hyderabad for supporting startups. Applications are invited for Grant to Start-ups under the NMDC Incubation Program(NICE).
Posted Date :  09-07-20

Read more

NCL Observe Van Mahotsav

Singrauli: NCL to observe Van Mahotsav in third week of July, with massive plantation, sapling distribution and other planned activities. Northern Coalfields Limited (NCL), a Mini Ratna Company of the Government of India, will observe the Van Mahotsav in the third week of July.As a Commitmen
Posted Date :  09-07-20

Read more

EIL Ovserved Swachhta Pakhwada 2020

New Delhi: EIL, as part of Swachhta Pakhwada 2020, conducted a distribution drive for distribution of ‘hygiene kits’ consisting of face masks, sanitizers and paper soaps) to the general public mainly consisting of street vendors and daily workers at Bhikaji Cama, New Delhi. Sh. AK Kalra,
Posted Date :  09-07-20

Read more

BPCL Ovserved Swachhata Pakhwada 2020

Varanasi: In collaboration with UNICEF, our Team in Varanasi, have trained select women in the nearby fifty villages to spread awareness on personal hygiene and cleanliness of surroundings, as part of #SwachhataPakhwada2020 campaign, especially as country is battling Corona Virus.
Posted Date :  09-07-20

Read more

Shri Arvind Singh Chairman AAI appreciates COVID-19 warriors of AAI

New Delhi: Shri Arvind Singh, Chairman, AAI, appreciates the significant role played by COVID Warriors of AAI. He lauds AAI airports & employees for continuously serving passengers while making safety a priority. He firmly believes AAI will ensure Indian civil aviation recovers soon.
Posted Date :  09-07-20

Read more