+
 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
Real Estate

MoHUA Sanctions 1.47 Lakh Additional Houses Under PMAY-U 2.0

In a major push towards the Government’s Housing for All mission, the Ministry of Housing and Urban Affairs (MoHUA) has approved 1,46,582 additional pucca houses under Pradhan Mantri Awas Yojana – Urban 2.0 (PMAY-U 2.0) for 14 States/UTs, bringing total sanctions under the revamped scheme to 8.56 lakh.The decision came during the fourth meeting of the Central Sanctioning and Monitoring Committee (CSMC), chaired by Srinivas Katikithala, Secretary, MoHUA, at the Ministry’s Kasturba Gandhi Marg office. Senior officials, State Principal Secretaries, and PMAY-U Mission Directors participated ..

Next Story
Real Estate

Piyush Goyal Inaugurates Expanded ISA Building at Intellectual Property Office

Union Minister of Commerce and Industry, Piyush Goyal, today inaugurated the newly expanded International Searching Authority (ISA) building at the Intellectual Property Office (IPO) in Dwarka, New Delhi, marking a major step forward in India’s intellectual property ecosystem.Addressing the gathering, Goyal highlighted that innovation has been central to India’s heritage for centuries, citing the engineering brilliance of the Konark Temple as a historic example. He emphasised that innovation is not just intellectual property but a symbol of sovereignty, and a key driver in India’s journe..

Next Story
Real Estate

SIEGER Boosts Automation in Mumbai Realty

SIEGER, a leading automation solutions provider, is expanding its advanced manufacturing capabilities to meet the surging demand for precision, high-speed automation in Mumbai’s rapidly growing real estate sector.Operating from a 21,000 m² advanced production hub in Coimbatore—part of a 40,000 m² integrated campus—SIEGER offers complete solutions from design and prototyping to manufacturing and deployment. The fully digitalised facility features CNC machining, QR-coded component tracking, conveyorized powder coating, and a Government of India–certified R&D centre, ensuring unmatc..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?