Riding on strong operating performance, NHPC Limited, India’s premier hydropower company has reported a 12% jump in standalone net profit. The company has registered the highest ever half yearly Standalone Profit after Tax (PAT) of Rs. 2,483 crore against standalone PAT of Rs 2,217 crore for the corresponding previous
half year.
NHPC’s share in consolidated PAT for the current half year is Rs. 2,575 crore, which is 15% higher than the consolidated PAT of Rs. 2,243 crore for the corresponding previous half year.
Generation for the current quarter and half year is the highest ever at 10,138 million units and 18,303 million units respectively. The overall Plant Availability Factor (PAF) of the power stations of the company for the quarter and half year ended 30th September 2022 is also the highest ever at 99.87 and 99.23% respectively on standalone basis. The NHPC Board approved the financial results for the quarter and half year ended 30th September, 2022 in their meeting held on 10th November 2022.
NHPC Limited is India’s premier hydropower company. The company’s total installed capacity is 7,071 MW of renewable power (including Wind & Solar) through its 24 power stations including 1,520 MW through subsidiary.
Contextually, towards the beginning of this year, NHPC won the Gold Shield for ‘Excellence in Financial Reporting’ awarded by the Institute of Chartered Accountants of India (ICAI) for FY 2020-21 in the category ‘Infrastructure & Construction Sector— Turnover equal to or more than Rs 500 Crore’. The company has also signed two MoUs for Development of “Pilot Green Hydrogen Technologies” in District Leh and District Kargil of UT of Ladakh on 14th July 2022.
