Highlights of 43rd NHPC Annual General Meeting

New Delhi: NHPC Limited, a Miniratna PSU under the Ministry of Power has hosted it's 43rd Annual General Meeting (AGM) at Faridabad on Monday. NHPC CMD Balraj Joshi, the board of directors, shareholders and company secretary chaired the AGM. During the meeting, representative of joint statutory auditors were also present.

Highlights of FY19

While addressing to the shareholders at the Annual General Meeting, Joshi highlighted various achievements of NHPC Limited. He informed that the company had earned total revenue of Rs 9,086 crore and revenue from operations of Rs 8,161 crore during FY 2018-19. He also said that NHPC had achieved its highest-ever annual generation of 24,193 Million Units (MUs) surpassing the previous highest generation of 23,404 MUs during the financial year 2015-16. Various queries of members regarding the performance of the company were also addressed at the AGM. He further informed that NHPC had been appointed as ‘Aggregator’ under Pilot Scheme-II by the Ministry of Power for procurement of aggregated power of 2500 MW for three years through the nodal agency ‘PFC Consultancy Limited’.

ALSO READ: NHPC organises ‘Vasant Utsav 2021’

The company has also received council for the curriculum, examinations and assessment (CCEA) approval for incurring expenditure on pre-investment activities and various clearances for Dibang Multipurpose Project (2880 MW) in Arunachal Pradesh for an amount of Rs. 1,600 crore. Joshi also said that National Company Law Tribunal (NCLT) has accepted the resolution plan submitted for Lanco Teesta Hydro Power Limited (LTHPL), the developer of Teesta-VI HE Project (500 MW) in Sikkim. Further, the principal bench of NGT has upheld the constitution of the expert committee constituted by the Ministry of Environment, Forest and Climate Change (MOEF & CC) for 2000 MW Subansiri Lower HE Project.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Telegram. Join PSU Watch Channel in your Telegram and stay updated)