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NHPC profit jumps 15% for fiscal year 2015-2016

Updated: July 1, 2016 11:57 am

NHPC Limited reported 15 per cent growth in its standalone net profit for fiscal year 2015-2016, with results of Rs2440 crore (US$362.9 million), compared with Rs2124 crore (US$315.8 million) last year. In addition, sales for FY 2015-2016 rose by 9 per cent, with Rs7347 crore (US$1.1 billion) compared with Rs6737 crore (US$1 billion). The utility reports that total cumulative power generation at all of its power stations for FY 2015-2016 has been 23,683 MU, compared with the “excellent target” of 22,000 MU. NHPC says this is its “highest ever generation.” In addition, the utility has achieved a plant availability factor of 81.6%, compared with an “excellent MOU PAF” target of 76.8 per cent.

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