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