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NHPC reports highest ever PAT in a fiscal year during FY 2020-21

NHPC has reported highest ever net profit after tax of Rs 3,233.37 crore on standalone basis during FY 2020-21 compared to Rs 3,007.17 crore for the last fiscal year

NHPC’s earns highest ever profit of Rs 3,233 crore during FY 2020-21 (Inset: AK Singh, CMD, NHPC)
NHPC’s earns highest ever profit of Rs 3,233 crore during FY 2020-21 (Inset: AK Singh, CMD, NHPC)

New Delhi: NHPC Limited has declared its audited financial results for the financial year 2020-21 on June 10. The Board of Directors of the company have approved the audited financial results for FY 2020-21 in the e-meeting held at Faridabad. During the period NHPC has reported the highest ever net profit after tax of Rs 3,233.37 crore on a standalone basis compared to Rs 3,007.17 crore for the last fiscal year.

The revenue from the operation for the FY 2020-21 stood at Rs 8,506.58 crore compared to Rs 8,735.15 crore in the last fiscal year. Consolidated net profit for 2020-21 stood at Rs 3,582.13 crore, compared to Rs 3,344.91 crore in 2019-20. The total income of the group in 2020-21 was Rs 10,705.04 crore as against Rs 10,776.64 crore in 2019-20.

Despite the ongoing COVID-19 pandemic, NHPC’s Power Stations have achieved a generation of 24,471 million units (MU) in FY 2020-21.

During the e-meeting Board of Directors have also recommended a final dividend of Rs 0.35/- per share for the financial year 2020-21 in addition to an interim dividend of Rs 1.25/- per share already paid by the company in March 2021. The total dividend payout for FY 20-21 is Rs 1,607.21 crore as compared to the total dividend payout of Rs 1,506.76 crore for FY 19-20.  As of today, NHPC has about seven lakh shareholders.

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Speaking on this, NHPC Limited’s Chairman & Managing Director (CMD) AK Singh said, “Despite the ongoing COVID-19 pandemic, NHPC is in an aggressive mode of expansion and has all-India plans to expand its solar and wind power portfolio along with its core business of hydropower development.” He further added, “In the last financial year, NHPC has signed MoUs for the execution of five projects with a total installed capacity of 4,134 MW and we are focussed on completing the projects as per schedule.”

NHPC has established dialogues with concerned authorities across all levels towards exploring newer avenues for the development of hydropower, solar and wind projects. NHPC recently formed a joint venture company, “Ratle Hydroelectric Power Corporation Limited” with Jammu & Kashmir State Power Development Corporation Ltd (JKSPDC) for the implementation of the 850 MW Ratle Hydroelectric Project. NHPC has also taken over Jal Power Corporation Ltd., for the development of the 120 MW Rangit Stage-IV Hydroelectric Project in Sikkim.

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