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NHPC Q1 net profit rises 0.56% at Rs 862.66 cr

Press Trust of India  |  New Delhi 

State-owned NHPC today reported a marginal rise of 0.56 per cent in standalone net profit at Rs 862.66 crore for the first quarter ended June 30, 2017.

The company had posted a standalone net profit of Rs 857.82 crore for the year-ago period, NHPC said in a filing.

Total of the company also increased to Rs 2,432.77 crore, from Rs 2,360.06 crore in the year-ago period.

Its total expenses during the first quarter of the ongoing fiscal were at Rs 1,535.72 crore as against Rs 1,453.74 crore.

NHPC, a mini ratna firm, is a organisation in the country for development of hydropower.

According to the company's website, presently NHPC is engaged in the construction of 5 projects aggregating to a total installed capacity of 4,290 MW including 1,000 MW (Pakal Dul HE project) being executed through JV company.

Besides, 10 projects of 7,151 MW are awaiting clearances/approval for their implementation including 3 projects of 1,186 MW to be executed through subsidiary/joint venture companies.

Shares of the company ended 1.44 per cent down at Rs 30.75 on

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, August 09 2017. 16:57 IST