NHPC Q3 Net more than doubles to Rs 388 cr on ops efficiency

State-run NHPC today reported more than doubling of its net profit to Rs 388.02 crore for the third quarter ended December due to better operational efficiency and tariff finalisation by CERC for few power stations.
The company's net profit in the corresponding quarter of the last fiscal was Rs 179.83 crore, it said in a BSE filing.
"You would be glad to know that NHPC's net profit during third quarter jumped 116 per cent," NHPC Chairman and Managing Director K M Singh told reporters here.
The net profit was mainly boosted by better operational efficiency and tariff finalization (2014-19) by CERC for some of the power stations.

Net sales of the company, which is mainly into power generation business, during the quarter stood at Rs 1,440.90 crore against Rs 1,177.04 crore in the corresponding quarter of the previous fiscal.
The gross generation of the company was up by 28 per cent to 4,070 million units for October-December quarter in comparison to the same period of the previous fiscal.

The plant availability factor has been reported at 78 per cent as against previous year corresponding figure of 69 per cent.
NHPC has been approached for Teesta VI, Panan and Ragit IV
hydro power projects in Sikkim.
It has also been approached for projects in Arunachal Pradesh like 3097 MW Etalin project and 680 MW Attunli project.

"All the projects in Arunachal Pradesh (for which we have been approached) are with Jindal (Power)," he said.
"In Sikkim Teesta VI project is being done by Lanco," he said.
Talking about its solar power plants, he said the company was planning 50 MW project in Uttar Pradesh, among others.
"Today, we are signing MoU with Maharashtra for 50 MW solar
plant," Singh said.
Replying to a question, he said the company is expecting improvement in Subansiri Lower project after Assam elections.
The scheduled date of commissioning of the project was 2011, the company said.
The company has a cash reserves of around Rs 6,000 crore.

The cumulative power generation of all NHPC power stations
stood at 21,460 MU against the excellent target of 19746 MU up to January 2016.
NHPC, the country's largest hydro power producer, has a present installed capacity of 4,987 MW at standalone and 6,507 MW on consolidated basis with a total of 20 operating power stations.
While 18 power stations are operated by NHPC, two are operated by NHDC, a subsidiary company with the government of Madhya Pradesh.
Apart from this, the company has a total of five projects under construction.
Singh further said that 50 MW wind power project in Jaisalmer, Rajasthan was under execution "and we expect next month it would be commissioned.