Excelsior Correspondent
JAMMU, June 27: NHPC Limited, India’s premier hydropower company and a ‘Mini Ratna’ Category-I Enterprise of the Government of India has reported net profit of Rs 3007.17 crore on standalone basis in the Financial Year (FY) 2019-20 compared to Rs 2630.55 crore for the last fiscal year.
The profit was declared in NHPC’s Audited Financial Results for the Financial Year 2019-20. The result was approved by Board of Directors in the e-meeting held today at Faridabad.
As per the result, sales for the FY 2019-20 stood at Rs 8735.41 crore against Rs 8161.18 crore in the last fiscal year and consolidated profit for 2019-20 stood at Rs 3,324.72 crore before non-controlling interest compared to Rs 2,835.79 crore in 2018-19 while consolidated total income of the company in 2019-20 is Rs 10,776.64 crore as against Rs 9,846.81 crore in 2018-19.
NHPC Power Stations achieved highest ever generation of 26121 Million Units (MU) in FY 2019-20 as compared to 24193 MUS in FY 2018-19.
The Board of Directors recommended final dividend of Rs 0.32 per share for Financial Year 19-20 in addition to interim dividend of Rs 1.18 per share already paid by the Company in March 2020. The total dividend payout for FY 19-20 is Rs 1506.76 crore as compared to total dividend payout of Rs 1466.58 crore for FY 18-19. NHPC, today has about seven lakh shareholders.
AK Singh, CMD, 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.”
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