NHPC Results: Highest-ever profit of Rs 3,233 crore in FY 2020-21 - Check HIGHLIGHTS of audited financial details
The Board of Directors approved the audited financial results for FY 20-21 in the e-meeting held on June 10.
NHPC, the country's premier hydropower company and a ‘Mini Ratna’ Category-I Enterprise under the Ministry of Power, has declared its audited financial results for the financial year 2020-21. The Board of Directors approved the audited financial results for FY 20-21 in the e-meeting held on June 10.
NHPC has reported the highest-ever net profit after tax (PAT) of Rs 3233.37 crore on a standalone basis in the FY 2020-21, compared to Rs 3,007.17 crore for the last fiscal year. Revenue from 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.
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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, against Rs 10,776.64 crore in 2019-20.
Abhay Kumar Singh, CMD, NHPC 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 that in the last financial year, NHPC has signed MOUs for the execution of 5 projects with a total installed capacity of 4134 MW and we are focused on completing the projects as per schedule.
Despite the ongoing Covid-19 pandemic, NHPC Power Stations achieved a generation of 24,471 million units (MU) in FY 2020-21.
The Board of Directors has 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, compared to the total dividend payout of Rs 1,506.76 crore for FY 19-20. NHPC, today has about seven lakh shareholders.
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 with Jammu & Kashmir State Power Development Corporation (JKSPDC) for the implementation of 850 MW Ratle Hydroelectric Project. NHPC has also taken over Jal Power Corporation for the development of the 120 MW Rangit Stage-IV Hydroelectric Project in Sikkim.
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