Page 5 - Nhpc

Parminder Chopra takes over as first full-time women PFC Chairman, MD

State-owned Power Finance Corporation (PFC) on Wednesday said Parminder Chopra has taken over as its first full-time women Chairman and Managing Director. "Parminder Chopra has been appointed as Chairman and Managing Director (CMD) of PFC by the Government of India from 14th August 2023. Previously, she was holding the additional charge of Chairman and Managing Director (CMD) from June 1, 2023, and was Director (Finance), PFC, since July 1, 2020," a company statement said. With this, the company said, Chopra becomes the first woman to lead India's largest non-banking finance company PFC. During her term as Director (Finance), she spearheaded the Finance Division, leading to the highest net profit, highest net worth and lowest NPA levels. Such robust financial performance has also facilitated PFC getting the highest status of 'Maharatna'. She also played a key role in the successful implementation of the Rs 1.12 lakh crore Liquidity Infusion Scheme (LIS) for the power distribution .

Arunachal transfers 11 Gw stalled hydropower projects to Central PSUs

The state govt signed MoA with three central PSUs - NHPC Ltd, SJVN Ltd and NEEPCO

NHPC posts 4% rise in consolidated net profit to Rs 1,095 cr in Q1

State-owned hydro power giant NHPC on Friday posted a 4 per cent rise in its consolidated net profit to Rs 1,095.38 in the June quarter compared to the year-ago quarter mainly on the back of higher revenues. The consolidated net profit of the company was Rs 1,053.76 crore in the quarter ended on June 30, 2022, a BSE filing showed. The total income of the company increased to Rs 3,010.22 crore in the quarter from Rs 2,886.95 crore in the same period a year ago. The NHPC Ltd is India's premier hydropower company. Its total installed capacity is 7097.2 MW of renewable power (including Wind & Solar) through its 25 power stations including 1520 MW through subsidiary.

PSU shares in demand: SJVN, NHPC, RVNL, RITES hit fresh lifetime highs

At 12:45 pm; the S&P BSE PSU and S&P BSE CPSE index were up 1 per cent each, as against 0.10 per cent decline in the S&P BSE Sensex.

NHPC to develop 2,000 MW of pumped storage, renewable projects in Odisha

State-owned NHPC Ltd has inked an initial pact with an Odisha state utility to develop 2,000 MW of pumped storage projects and 1,000 MW renewable energy in the state. The MoU signed with GRIDCO Ltd envisages setting up self-identified pumped storage projects of at least 2,000 MW and renewable energy projects (Ground-Mounted Solar Projects / Floating Solar Projects) of at least 1,000 MW in the state, a power ministry release said. The MoU was signed on 23rd June 2023, by Executive Director (Strategy Business Development and Consultancy), NHPC, Rajat Gupta and Managing Director, GRIDCO Limited, Trilochan Panda, it stated.

India gears up to start mega hydropower project near China border

State-run hydropower company NHPC Ltd. will start trial runs in July for the Subansiri Lower project that runs through the states of Assam and Arunchal Pradesh in the country's north-east

Pumped storage projects may create 7,000 jobs in Maharashtra: NHPC

The MoU sets the stage for the establishment of four pumped storage projects, which will have a combined capacity of 7,350 MW

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Stocks to watch on June 2, 2023: From Adani Enterprises to NHPC, here are top stocks to watch in Friday's trading session

NHPC partners Nepalese utility to develop 480 MW Phukot hydro project

State-owned hydro power giant NHPC on Thursday inked an initial pact with Nepalese utility Vidhyut Utpadan Company for developing a 480 MW Phukot Karnali hydroelectric project. "On 1st June 2023, a Memorandum of Understanding (MoU) has been exchanged between NHPC Ltd and Vidhyut Utpadan Company Ltd (VUCL), Nepal, in august presence of Prime Minister Narendra Modi and Prime Minister of Nepal Pushpa Kamal Dahal Prachanda' at Hyderabad House, New Delhi, for development of Phukot Karnali Hydro Electric Project (480MW) in Nepal," a company statement said. The Nepal Prime Minister is on a four-day visit to India, which began on Wednesday. The MoU was exchanged by RK Vishnoi, Chairman & Managing Director, NHPC, and VUCL Managing Director Surya Prasad Rijal. The signing of this MOU is a landmark step towards India-Nepal Joint Vision on Power Sector Cooperation. The project will use the flow from the Karnali River for power generation and the generated power will be fed into the ...

NHPC Q4 results: 8% increase in profit after tax at Rs 3,834 crore

NHPC power stations generated 24,907 million units of electricity between 2022-2023

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Stocks to Watch on Thursday: JK Tyre's net profit surged to Rs 111.56 crore in Q4FY23 from Rs 38.22 crore reported last year

NHPC bags 200MW project worth Rs 1,007.6 cr from Urja Vikas Nigam

State-run hydro power giant NHPC on Wednesday said that it has received a letter of intent to build a 200 MW solar power project worth Rs 1007.60 from Gujarat Urja Vikas Nigam. "Gujarat Urja Vikas Nigam Ltd (GUVNL) had issued a Letter of Intent dated 16.05.2023 to NHPC Limited for 200 MW capacity Solar Power Project within600 MW GSECL's Solar Park at Khavda (GSECL Stage-1)," a BSE filing stated. The estimated financial implication for the said solar power project would be Rs.1,007.60 crore (approximately).

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Stocks to Watch: Index heavyweights Reliance and Bharti Airtel will see some action as the former wages a price war in the broadband connection.

CPSE dividend crosses Rs 50,000 crore for second consecutive year

During the current fiscal year (FY23) so far, Rs 50,279 crore has come as dividends from CPSEs

Stocks to watch: Tata Power, NHPC, Zydus Life, Bharat Forge, Ramco Systems

Stocks to watch today: From Tata Power to NHPC, here are top stocks to watch in Friday's trading session

NHPC pays interim dividend of Rs 997.75 crore to govt for 2022-23

State-owned hydro power giant NHPC has paid an interim dividend of Rs 997.75 crore to the government for 2022-23. "NHPC has paid an interim dividend of Rs 997.75 crore to government of India for the financial year 2022-23 on 2nd March 2023," a company statement said. The NHPC had already paid Rs 356.34 crore to the government during the current fiscal 2022-23 on account of final dividend for the financial year 2021-22. Thus, the NHPC has paid total dividend of Rs 1,354.09 crore to the government during the financial year 2022-23. NHPC today has more than eight lakh shareholders and total interim dividend pay-out for the financial year 2022-23 worked out to Rs 1,406.30 crore. NHPC had earned a net profit of Rs 3,264.32 crore for the nine months ended FY23 as against the previous period corresponding figure of Rs 2,977.62 crore. The company had earned a net profit of Rs 3,537.71 crore for the financial year 2021-22.

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Stocks to watch today: From Bharti Airtel to Delhivery, here are top stocks to watch in Wednesday's trading session.

NHPC's Rs 32k-cr hydel project near China border gets Centre's approval

The approved investment includes Rs 6,720 crore of government support for flood moderation and enabling infrastructure, such as roads and bridges connecting the construction site

India approves $3.9 bn hydropower project near China border in northeast

Dibang, which will be built over more than 5,000 hectares (12,360 acres) of forest land, faces similar risks, according to Himanshu Thakkar, coordinator for nonprofit South Asia Network on Dams, River

NHPC raises Rs 996 crore through issuance of non-convertible bonds

State-owned hydro power giant NHPC on Monday raised Rs 996 crore through the issuance of non-convertible bonds on private placement basis. "NHPC Limited has raised Rs 996 crore on February 20, 2023 through unsecured, redeemable, non-convertible, non-cumulative and taxable 7.59 per cent AD series bonds on private placement basis," according to a filing. The bonds are proposed for listing at Wholesale Debt Market (WDM) segment of BSE and National Stock Exchange (NSE).