Monday, 25 May 2020

NHPC hosts 41st Annual General Meeting

Updated: October 22, 2017 3:14 pm

NHPC Limited, hosted its 41st Annual General Meeting (AGM) at Faridabad. Shri Balraj Joshi, CMD, NHPC addressed the shareholders at the AGM wherein members of NHPC Board including Independent Directors and others senior officers from NHPC were also present.

While addressing the gathering, Shri Joshi expressed his gratitude to all the shareholders for their contribution to the success of the company. Shri Joshi also highlighted the achievements made by NHPC during FY 2016-17. While presenting the Company’s Annual Report for the year ended 31st March 2017, Shri Joshi informed that the net profit of the company has increased from Rs. 2433.13 crore in FY 2015-16 to Rs. 2,803.26 crores in FY 2016-17. He further added that the NHPC Board has recommended a dividend of Rs 1.80 per share for the period. The Company generated 23,275 MUs of electricity and achieved ‘Very Good’ rating for overall performance in terms of MoU signed with Ministry of Power, Govt. of India. Shri Joshi also spoke that NHPC has added 130 MW to its installed capacity during the year with commissioning of Unit III & IV (40 MW each) of Teesta Low Dam-IV Project (40 MW X 4) in West Bengal and 50 MW Wind Energy in Jaisalmer, Rajasthan.

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