Page 7 - Nhpc

NHPC signs MoU with Himachal Pradesh to develop green hydrogen technologies

This project will be executed by NHPC Renewable Energy Limited (NREL), a wholly-owned subsidiary of NHPC

NHPC inks pact with HDFC Bank to monetise RoE of Chamera-I Power Plant

State-owned NHPC on Thursday said it has inked a pact with HDFC bank to securitise return on equity of its 540-MW Chamera-I Power Plant in Himachal Pradesh for 10 years. "NHPC Ltd has signed a facility agreement today i.e. February 24, 2022, (on Thursday) with HDFC Bank Ltd to securitise the return on equity of Chamera-I Power Station (3 X 180 MW), Himachal Pradesh, for a tenor of 10 years," according to a BSE filing. The amount of the securitisation facility has been arrived Rs 1,016.39 crore or 5.24 per cent per annum discounting rate linked with three-month T-bills. In December 2021, NHPC's board had approved the proposal for monetisation by securitisation through bidding process of return on equity (RoE) of Chamera-1 Power Station (3 X 180 MW), Himachal Pradesh, and further to monetise RoE of one or more power stations for 5 or 10 or 15 years in one go or rollover.

Stocks to Watch: Apollo Hospitals, Nazara, DB Realty, Orchid Pharma, auto

Adani Wilmar, Coal India, Dish Tv, Eicher Motors, Grasim, Medplus Health, MTNL, Nagarjuna Fertilizers, PC Jeweller, Railtel, Rajesh Exports, Spandana Sphoorty and SpiceJet to announce results today.

NHPC's net profit falls 7.5% to Rs 888.8 crore in December quarter

State-owned hydropower giant NHPC reported a nearly 7.5 per cent dip in its consolidated net profit to Rs 888.76 crore in the December 2021 quarter, mainly due to lower revenues. The company had reported a consolidated net profit of Rs 961.64 crore in the corresponding quarter last fiscal, according to a BSE filing. Its total income in October-December 2021 stood at Rs 2,373.72 crore, compared with Rs 2,610.69 crore in the year-ago period. The company's board in its meeting on Friday declared the payment of interim dividend at the rate of 13.10 per cent (Rs 1.31 per equity share) on the face value of paid-up equity shares of Rs 10 each for 2021-22. The board has fixed February 23 as the record date for the purpose of ascertaining the eligibility of shareholders for payment of the interim dividend. The interim dividend shall be paid/ dispatched within the period as stipulated in the Companies Act, 2013. The board also approved the proposal for a change of the company's logo.

NHPC inks pact to build 10,000 MW renewable energy capacity in Rajasthan

State-run NHPC has signed a letter of intent (LoI) to build renewable energy projects of 10,000 MW in Rajasthan.

Sensex sheds 621pts amid Omicron woes, weak global cues; Nifty below 17,750

Market participants are already concerned about the rapid global spread of the highly infectious Omicron Covid variant

Hydro power giant NHPC pays Rs 249 crore dividend to government for 2020-21

State-owned hydro power giant NHPC has paid the final dividend of Rs 249.44 crore to the government for 2020-21. NHPC has paid a final dividend of Rs 249.44 Crore to the Government of India for 2020-21 on October 21, a power ministry statement said. According to the statement, NHPC CMD AK Singh handed the payment intimation advice to R K Singh, Union Minister for Power and New & Renewable Energy, here on October 26, 2021, in the presence of Power Secretary Alok Kumar. In addition, it said that an interim dividend of Rs 890.85 crore for 2020-21 was paid on March 05, 2021, aggregating a total dividend of Rs 1,140.28 crore for 2020-21. The Board of Directors in its meeting held on June 10 had recommended a final dividend at the rate of Rs 0.35 per equity share i.e. 3.50 per cent of the face value for 2020-21, which was approved in AGM on September 29, 2021. An interim dividend at the rate of Rs 1.25 per equity share i.e. 12.50 per cent of the face value was paid on March 05, ...

NHPC board okays proposal to form subsidiary for renewable energy biz

State-owned hydro power giant NHPC on Friday said its board has approved the proposal to form a subsidiary for the development of renewable energy, small hydro and green hydrogen projects.

NHPC seeks shareholders nod to raise borrowing limit to Rs 40,000 cr

State-run hydro power giant will seek its shareholders' approval to raise borrowing limit by Rs 10,000 crore to Rs 40,000 crore in the annual general meeting on September 29, 2021.

Stocks to watch: Axis Bank, L&T, NHPC, Jindal Steel, Bank of Baroda

BSE has announced price band revision for seven companies including Exxaro Tiles and Kemistar Corporation effective today

Power Finance Corp inks pact with NHPC to finance hydro projects

State-owned Power Finance Corporation Ltd (PFC) on Tuesday said it has signed a pact with NHPC Ltd to lend funds for the development of hydro projects.

Stocks to watch: Jubilant Food, Coal India, JSW Ispat, SBI Card, NHPC

SBI Cards and Payment Services (SBI Card) on Monday said it has raised Rs 500 crore by issuing bonds

With an edge over private players, power PSUs put capex above reducing debt

Better debt ratios, regulatory comfort place NTPC, NHPC at an advantage over private players

State-owned NHPC net profit rises 80% to Rs 464 crore in March quarter

Electricity generation is the principal business activity of the group, and its primary source of revenue is from generation and sale of hydroelectricity.

NHPC pays Rs 891 cr to govt as interim dividend for financial year 2020-21

State-owned hydropower giant NHPC on Friday said it has paid Rs 890.85 crore as an interim dividend to the Centre for the financial year ending March 31, 2021. NHPC Chairman and Managing Director A K Singh handed over dividend payout advice to Minister of State for Power and New & Renewable Energy R K Singh in the presence of Power Secretary Alok Kumar and other senior officials of the ministry and NHPC, the company said in a statement. "NHPC has paid an interim dividend of Rs 890.85 crore to Government of India for the financial year 2020-21 on March 5, 2021," it said. The company further said it has recorded a net profit of Rs 2,829.16 crore for the nine months ended December 2020, against the previous period corresponding figure of Rs 2,624.26 crore. The company had earned a net profit of Rs. 3,007.17 crore for the financial year 2019-20.

NHPC reports 50% rise in net profit to Rs 961 crore for Dec quarter

State-owned hydropower giant NHPC reported a 50 per cent rise in its consolidated net profit to Rs961.64 crore for the December quarter.

Stocks to watch: Infosys, Wipro, SAIL, HAL, IndusInd Bank, NHPC, 5Paisa

The government will sell up to 10% stake in SAIL via OFS on January 14-15

NHPC net profit down 11% to Rs 1,300 crore in September quarter

The company's primary source of revenue is from generation and sale of hydroelectricity

NHPC board approves merger of Lanco Teesta VI hydro power project

The project will supply power at a levelised tariff of Rs 4.07 per unit and is likely to be completed in the next four years

NHPC reports over 13% decline in net profit at Rs 855 cr in June quarter

NHPC reported over 13 per cent dip in its consolidated net profit to Rs 855.49 crore for the quarter ending June due to a rebate of Rs 185 crore given to discoms in view of Covid-19 situation