10th Jun 2021 11:06:PM State
Eastern Sentinel Arunachal News

FARIDABAD, Jun 10: India’s premier hydropower company and ‘Mini Ratna’ Category-I GoI enterprise NHPC Limited has earned its highest-ever profit of Rs 3233 crore during the 2020-21 FY.
The Board of Directors approved the audited financial results for FY 20-21 in an e-meeting held today in Faridabad. While there was a profit of Rs 3007.17 crore during the last fiscal year, the net profit after tax (PAT) of Rs 3233.37 crore on standalone basis during FY 2020-21 is the highest-ever. Revenue from operation for the 2020-21 FY stood at Rs 8506.58 crore compared to Rs 8735.15 crore in the last fiscal year, consolidated net profit stood at Rs 3582.13 crore compared to Rs 3,344.91 crore in 2019-20 and the total income of the group in 2020-21 was Rs 10,705.04 crore as against Rs 10,776.64 crore in the preceding FY. Despite the prevailing Covid pandemic, NHPC power stations generated 24471 Million Units (MU) during 2020-21 FY. 
The Board of Directors have also recommended a final dividend of Rs 0.35 per share for 2020-21 FY in addition to an interim dividend of Rs 1.25 per share already paid by the company in March 2021 to its seven lakh shareholders. The total dividend payout for FY 20-21 is thus Rs 1607.21 crore compared to total Rs 1506.76 crore during FY 19-20. “Despite the ongoing pandemic, NHPC is in an aggressive mode of expansion and has pan-India plans to expand its solar and wind power portfolios along with the core business of hydropower development. In the last financial year, NHPC has signed MoUs for execution of 5 projects with a total installed capacity of 4134 MW and we are focused on completing them as per schedule,” CMD A.K. Singh said.
NHPC has established dialogues with the concerned authorities for exploring newer avenues for development of hydropower, solar and wind projects. It has recently formed a joint venture company, Ratle Hydroelectric Power Corporation Limited with Jammu & Kashmir State Power Development Corporation Ltd (JKSPDC) for implementing the 850 MW Ratle Hydroelectric Project. It has also taken over Jal Power Corporation Ltd. for development of the 120 MW Rangit Stage-IV hydroelectric project in Sikkim. NHPC PR

Kenter Joya Riba

(Managing Editor)
      She is a graduate in Science with post graduation in Sociology from University of Pune. She has been in the media industry for nearly a decade. Before turning to print business, she has been associated with radio and television.
Email: kenterjoyaz@easternsentinel.in / editoreasternsentinel@gmail.com
Phone: 0360-2212313

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