NHPC Limited, India’s premier hydropower company and a ‘Mini Ratna’ Category-I Enterprise of the Government of India has reported a standalone net profit of Rs. 3007 crore during the year ended March 31, 2020 compared to Rs. 2630 crore for the corresponding period in the last financial year, which is about 14% higher. Revenue from Operations for FY’20 is Rs. 8735 crore compared to Rs. 8161 crore for the corresponding period in the last fiscal, which is about 7% higher.

Latest Developments during FY’20:

  • After clearance of Subansiri Lower Project by Hon’ble NGT vide its order dated 31.07.2019, active construction work at the project has resumed w.e.f. 15.10.2019.
  • NHPC completed the formalities for the takeover of 500 MW Teesta VI HEP by submitting resolution plan consideration of Rs. 897.50 crore to the account of Lanco Teesta Hydro Power Limited. Lanco Teesta Hydro Power Limited is now a wholly owned subsidiary of NHPC Limited.
  • Forest Clearance stage-II approval has been granted to Dibang Multipurpose Project (2880 MW) for diversion of 4577.84 Ha forest land in favour of NHPC Ltd. by MoEF & CC, Govt. of India on 12.03.2020.
  • Investment sanction in r/o 624 MW Kiru H. E. Project (being executed in JV mode with CVPPL) received from Govt. of India with estimated cost of Rs.4288 crore.
  • MOU with JKPDD (J&K Power Development Department) and JKSPDC (J&K State Power Development Corporation) have already been signed for execution of Ratle HE Project (850 MW) and proposal for investment approval submitted to MOP with estimated cost of Rs. 5282 crore.
  • MoU signed on 25.09.2019 with Govt. of Himachal Pradesh for execution of 449 MW Dugar H.E. Project located in Chamba District.
  • NHPC has emerged as the successful bidder for Jal Power Corporation’s Rangit project (120MW) in Sikkim with a bid of Rs 165 crore. Resolution Professional filed CoC approved Resolution plan of NHPC on 28.01.2020 in Hon’ble NCLT Hyderabad.

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