NHPC likely to deliver a better Q3 on growth in generation

ET Intelligence Group: NHPCNSE 0.84 %, the country’s largest hydro power generator, and its subsidiary NHDC have reported strong generation numbers for each of the three months in the quarter ending December 2019. This has raised expectations of a better financial performance for the quarter, which may also lead to higher dividend payouts. NHPC’s current FY20 estimated dividend yield is 6.3 per cent.

The two companies together registered 10 per cent, 12 per cent and 32 per cent year-on-year generation growth for October, November and December, respectively, resulting in 16 per cent growth for the whole quarter.

The production could have been much higher but for the shutdown at the three Chamera projects of NHPC in October. NHDC, which has two projects on Narmada river, reported an over two-fold jump in generation in October.