NHPC’s first-quarter profit jumps 19 per cent to Rs 881 crore;
To pay Rs 753.38 crore in dividends
NHPC has reported a standalone net profit of ₹881 crore for the first quarter of the current fiscal — up 19 per cent from ₹738 crore reported during the corresponding quarter last year.
Gross generation was up by 22 per cent to 8,485 MUs (million units) for the quarter under review, while sales rose to ₹2,421 crore (₹2,138 crore).
The company has signed an MoU with the Indian Army to construct underground caverns and semi-underground bunkers along the border with China and Pakistan.
NHPC said that a final dividend of 75 paise per equity share of ₹10 each has been recommended, amounting to ₹753.38 crore, subject to shareholders’ approval.
