NHPC Q2 results: Net profit up nearly 7% to Rs 1,387 cr
New Delhi: State-run hydro power giant NHPC NSE 1.40 % on Thursday posted a 7 per cent rise in its consolidated net profit to Rs 1,386.81 crore in the July-September quarter compared to a year-ago period mainly on the back of higher revenues. The consolidated net profit of NHPC was Rs 1,300.40 crore in the quarter ended on September 30, 2020, a BSE filing said.
Total income of the company rose to Rs 3,165.59 crore in the second quarter of FY22 from Rs 3,086.03 crore in the same period a year ago.
The NHPC board also approved a proposal regarding the formation of a joint venture company between NHPC Limited and Green Energy Development Corporation of Odisha Limited (GEDCOL)) for implementation of 500 MW floating solar power projects in various water reservoirs in Odisha.
