NHPC has five hydropower projects with an installed capacity of 4924 MW under construction
The bidding was undertaken on April 16 under the e-reverse auction method where the bidder quoting the lowest tariff is awarded the project.
State-run hydro power giant NHPC on Monday announced appointment of Abhay Kumar Singh as the company's Chairman & Managing Director from February 24, 2020. It is to inform that pursuance to Ministry of Power on February24, 2020, S Abhay Kumar Singhhas assumed the charge of Chairman and Managing Director of the company on February 24, 2020 till the date of his superannuation i.e. August 31, 2022, or until further orders, whichever is earlier in place of Ratish Kumar who was holding additional charge of the post of Chairman & Managing Director in addition to his duties as Director (Projects), NHPC said in a statement.
Its consolidated net profit was Rs 1,093.22 crore in the quarter ended on September 30, 2018, a BSE filing said.
The company has also put in an expression of interest for Jal Power, another insolvent hydropower unit with a capacity of 120 Mw in Sikkim
The project will be implemented at an estimated project cost of Rs 5,748 crore which includes the bid amount
State-owned NHPC Limited conducted the second round, which saw lowest tariff of Rs 4.41/unit by 25 companies
NHPC is also looking at more stressed hydro units but only through the NCLT route
NHPC has already commissioned a 50 Mw solar project in Tamil Nadu and another wind power project of equal capacity in Jaisalmer, Rajasthan
Company is looking at more stressed assets like JAL Power unit in Sikkim
The share repurchase programme will close on January 14, 2019, the hydro power giant said in a regulatory filing
The board has fixed November 30 as the record date for the purpose of determining the entitlement and the names of the shareholders
An arbitral award was passed in favour of the construction firm on May 6, 2016
NHPC is currently executing a 50 Mw solar project in Tamil Nadu and a 72 Mw wind project in Kerala
The shareholders also approved the proposal to amend its articles of association of the company
The company had offered a price of Rs 32.25 per equity share
It has appointed SBI Capital Markets Ltd as the manager to the buyback offer
NHPC posted an annual 25.8 per cent jump in its net profit at Rs 214.69 crore for the third quarter
The stock surged 12% to Rs 30.80, also its 52-week high after the board declared 17% interim dividend for FY17
Its total income from operations increased to Rs 2,403.3 crore, over Rs 2,344.9 crore in the year-ago period