NHPC Limited has reported a ₹238.64 crore consolidated net profit for the fourth quarter of financial year 2019-2020. This is lower than the ₹602.91 crore net profit reported by the company in the comparable quarter of fiscal 2018-2019.
The NHPC Board has recommended a final dividend 3.2 per cent of face value of ₹10 per share (₹0.32 per equity share) on the paid-up share capital of the Company for the fiscal 2019-2020. This is subject to approval of shareholders in the coming Annual General Meeting, a company statement said.
The consolidated total income for the period under review stood at ₹2,382.36 crore, down from ₹2,450.08 crore in the same period of the previous fiscal.
For the full fiscal, consolidated total income stood at ₹10,776.64 crore, up from ₹9,846.81 crore in the fiscal 2018-2019. The consolidated net profit for the full fiscal 2019-2020 stood at ₹3,324.72 crore, up from ₹2,835.79 crore in the last fiscal.
Commenting on the results, AK Singh, Chairman and Managing Director at 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 along with its core business of hydropower development and we are striving to achieve additional solar capacity of 5,000 MW by 2022 through these sources.”
A letter from the Editor
The coronavirus crisis has changed the world completely in the last few months. All of us have been locked into our homes, economic activity has come to a near standstill.
In these difficult times, we, at BusinessLine, are trying our best to ensure the newspaper reaches your hands every day. You can also access BusinessLine in the e-paper format – just as it appears in print. Our website and apps too, are updated every minute.
But all this comes at a heavy cost. As you are aware, the lockdowns have wiped out almost all our entire revenue stream. That we have managed so far is thanks to your support. I thank all our subscribers – print and digital – for your support.
I appeal to all our readers to help us navigate these challenging times and help sustain one of the truly independent and credible voices in the world of Indian journalism. You can help us by subscribing to our digital or e-paper editions. We offer several affordable subscription plans for our website, which includes Portfolio, our investment advisory section.
Our subscriptions start as low as Rs 199/- per month. A yearly package costs just Rs. 999 – a mere Rs 2.75 per day, less than a third the price of a cup of roadside chai..
A little help from you can make a huge difference to the cause of quality journalism!
Support Quality Journalism