NHPC recommends a dividend of Rs.1.50 per equity share for the year 2019-20

By IndianMandarins- 30 Sep 2020


NHPC Limited, in its  44th Annual General Meeting (AGM) on 29th September 2020 recommended a dividend of Rs.1.50 per equity share for the year 2019-20, which was inclusive of the interim dividend of Rs.1.18 per equity share paid in March 2020. 
A.K. Singh, CMD, NHPC addressed the shareholders at the AGM wherein members of NHPC Board and Company Secretary, NHPC were also present. He informed that the Company had earned a total revenue of Rs. 9,771.59 crore, revenue from operations (net) of Rs. 8,735.41 crore and Net Profit After Tax (PAT) of Rs. 3,007.17 crore during the FY 2019-20.
Singh also said that NHPC had achieved its highest-ever annual generation of 26,121 Million Units (MUs) surpassing the previous highest generation of 24,193 MUs during the financial year 2018-19. 
Singh also informed about MoUs signed with Green Energy Development Corporation of Odisha Limited (GEDCOL) to form a Joint Venture Company (JVC) to plan and develop techno-commercially feasible floating solar power projects of 500 MW in Odisha, and with Hydroelectricity Investment and Development Company Limited (HIDCL), a company owned by Govt. of Nepal for joint cooperation to develop hydropower projects in Nepal.
The Company has also received in-principle approval from MNRE for enhancement of Solar Park capacity (from 100 MW to 140 MW) in Odisha, which envisages the development of two projects of 40 MW and 100 MW.

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