Excelsior Correspondent
JAMMU, Apr 22: NHDC Limited, a Joint Venture of NHPC Limited and Government of Madhya Pradesh, has signed Memorandum of Understanding (MoU) for the financial year 2018-19 at Faridabad with NHPC Limited, India’s Premier Hydropower utility and a Scheduled ‘A’ Mini Ratna Enterprise of the Government of India.
The MoU was signed by Balraj Joshi, Chairman and Managing Director, NHPC and Shri A.G. Ansari, Managing Director & CED, NHDC.
In the signed MoU for NHDC, generation target for FY 2018-19 under ‘Excellent’ rating has been set as 3000 MU against last year FY 2017-18 actual generation of 1325 MU. Excellent target for revenue from operations is set as Rs 860 crore.
In addition to above, operating profit, trade receivables, PAT/Average Net Worth, reduction in claims against the company, HRM related parameters, technology up-gradation parameter and other sector specific parameter have also been included.
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