NHPC profit after tax up 8% in FY23

BNE News Desk

Spread the love

Chandigarh: National Hydroelectric Power Corporation (NHPC), India’s premier hydropower company and a ‘Mini Ratna’ Category-I central enterprise, has reported Profit After Tax (PAT) of Rs 3,834 crore on a standalone basis in Financial Year 2022-23 as against Rs 3,538 crore for the last fiscal, higher by 8%.

NHPC’s consolidated net profit for 2022-23 stood at Rs 3,890 compared to Rs 3,524 crore in 2021-22, thereby registering an increase of 10%. NHPC power stations achieved a generation of 24,907 Million Units (MUs) in FY23.

The Board of Directors recommended the final dividend of Rs 0.45 per equity share for FY23 in addition to the interim dividend of Rs 1.40 per share. Accordingly, the total dividend for FY23 is Rs 1.85 per share.

NHPC presently has an installed capacity of 7097.2 MW from 25 power stations and is presently engaged in the construction of 16 projects aggregating to a total installed capacity of 10,489 MW.

It also has 12 projects with an aggregate capacity of 5,882 MW under the clearance stage and two projects with an aggregate capacity of 890 MW in the survey and investigation stage.

ALSO READ: Meghalaya’s initiative of e-PoS helps in glitch-free PDS

BNE News Desk