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

15 Feb 2022 CW Team

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

Infrastructure Transport

07 Apr 2026

Tunnelling Begins for Thane, Borivali twin tunnel project

Tunnelling work has commenced for the 11.84-km Thane–Borivali Twin Tunnel, set to be India’s longest urban road tunnel, marking a key milestone in Mumbai’s infrastructure development.As per a post shared by Mumbai Metropolitan Region Development Authority on social media platform X, the tunnel boring machine (TBM) ‘Nayak’—the country’s largest single-shield hard rock TBM for an urban tunnel—was launched by Devendra Fadnavis on Tuesday. The event was attended by Eknath Shinde and Sunetra Pawar, among other dignitaries. A second TBM, ‘Arjuna’, is expected to be launched so..

Large Format Store Planned At M G Road Metro Station

M G Road station in Bengaluru is set to host the city’s first large-format commercial and experience space, with planning led by Bangalore Metro Rail Corporation Limited. BMRCL has invited proposals to develop and operate a central business district destination at the Purple?Pink Line interchange. The plan positions the station as a commercial hub designed to serve a broad commuter base across the city. The proposal is part of a broader effort to activate transit nodes commercially. Tender documents set a minimum monthly rental of Rs 0.944 million (mn), inclusive of GST, for the large-format..

Government Cancels Auction Of Eleven Critical Mineral Blocks

The government has cancelled the auction of 11 critical and strategic mineral blocks after receiving a poor investor response and failing to attract a sufficient number of qualified bidders. The decision represents a setback to plans to ramp up domestic exploration and production of critical minerals amid global supply chain disruptions and rising demand for materials used in clean energy and advanced technologies. The mines ministry issued an annulment notice setting out the reasons for the cancellations. The annulment notice indicated that the auction process for five mineral blocks was canc..