NHPC's net profit drops 7.5% to Rs 888.8 crore in Dec quarter
POWER & RENEWABLE ENERGY

NHPC's net profit drops 7.5% to Rs 888.8 crore in Dec quarter

NHPC, the state-owned hydropower company, reported a nearly 7.5% drop in its consolidated net profit to Rs 888.76 crore in the December 2021 quarter, owing to lower revenues.

According to a Bombay Stock Exchange (BSE) filing, the company reported a consolidated net profit of Rs 961.64 crore in the previous fiscal quarter.

Its total revenue in October-December 2021 was Rs 2,373.72 crore, down from Rs 2,610.69 crore the previous year.

The company's board of directors declared an interim dividend of 13.10% Rs 1.31 per equity share on the face value of paid-up equity shares of Rs 10 each for the fiscal years 2021-22 in a meeting held on Friday.

The board has set February 23 as the record date for determining whether or not shareholders are eligible for the interim dividend.

The interim dividend must be paid or dispatched within the timeframe outlined in the Companies Act of 2013.

The proposal to change the company's logo was also approved by the board.

National Hydroelectric Power Corporation (NHPC) is an Indian government hydropower board that was founded in 1975 and is owned by the Ministry of Power, Government of India.

NHPC has grown to become India's largest hydropower development organisation, with the ability to handle all aspects of hydropower project development, from conceptualisation to commissioning. NHPC Limited has expanded into the fields of solar and wind energy.

NHPC Limited currently has a 7071.2 MW installed base from 24 power plants, including two joint venture (JV) projects.

Image Source

Also read: NHPC invites bids for 100 MW floating solar project in Odisha

NHPC, the state-owned hydropower company, reported a nearly 7.5% drop in its consolidated net profit to Rs 888.76 crore in the December 2021 quarter, owing to lower revenues. According to a Bombay Stock Exchange (BSE) filing, the company reported a consolidated net profit of Rs 961.64 crore in the previous fiscal quarter. Its total revenue in October-December 2021 was Rs 2,373.72 crore, down from Rs 2,610.69 crore the previous year. The company's board of directors declared an interim dividend of 13.10% Rs 1.31 per equity share on the face value of paid-up equity shares of Rs 10 each for the fiscal years 2021-22 in a meeting held on Friday. The board has set February 23 as the record date for determining whether or not shareholders are eligible for the interim dividend. The interim dividend must be paid or dispatched within the timeframe outlined in the Companies Act of 2013. The proposal to change the company's logo was also approved by the board. National Hydroelectric Power Corporation (NHPC) is an Indian government hydropower board that was founded in 1975 and is owned by the Ministry of Power, Government of India. NHPC has grown to become India's largest hydropower development organisation, with the ability to handle all aspects of hydropower project development, from conceptualisation to commissioning. NHPC Limited has expanded into the fields of solar and wind energy. NHPC Limited currently has a 7071.2 MW installed base from 24 power plants, including two joint venture (JV) projects. Image Source Also read: NHPC invites bids for 100 MW floating solar project in Odisha

Next Story
Infrastructure Energy

South West Pinnacle Wins Rs 30 Cr Oman Mining Contract

South West Pinnacle Exploration Ltd has secured a Rs 30 crore contract from Minerals Development Oman (MDO) for mining exploration in concession areas 12B and 13.The two-year project will be carried out via Alara Resources LLC, a JV in Oman. MDO, backed by Oman’s investment authorities, focuses on monetising mineral wealth.The contract covers copper, gold, and chromite and highlights South West Pinnacle’s growing footprint in international exploration and mining services. ..

Next Story
Equipment

Godrej GEG Boosts Intralogistics with AI and Green Tech

Godrej Enterprises Group (GEG) is revolutionising warehouse and factory logistics through its Material Handling Equipment and Storage Solutions arms by integrating AI, IoT, and automation.With 20–25% market share and 85% local sourcing, GEG champions Atmanirbhar Bharat and sustainability. The Chennai plant, a green manufacturing leader, uses RoHS-compliant materials and has slashed energy consumption by 60%.GEG serves e-commerce, FMCG, retail, and cold chains with high-performance racking and electric forklifts. Upcoming IoT-enabled forklifts and telematics solutions aim to improve speed, sa..

Next Story
Infrastructure Urban

Amit Shah Inaugurates Key Projects Across Gujarat

Union Home Minister Amit Shah inaugurated and laid the foundation stone for various projects in Gujarat’s Panchmahal district and Ahmedabad.In Godhra, he inaugurated the Center of Excellence building, sports complex, reservoir, and Miyawaki plantation. In Ahmedabad, he unveiled a new cooperative complex in Adaroda village and a primary school in Juwal.These projects, under the Model Co-op Village scheme, aim to boost education, sustainability, and rural development across the state. ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?