State-owned NHPC has added 760 mw (240 mw Uri-II Power Station and 520 mw Parbati-III Power Station) to its installed capacity during the year, the company’s Chairman RST Sai informed shareholders during the 38th annual general meeting (AGM) which took place on Friday.
At present four hydroelectric projects with an installed capacity of 3,290 mw are in construction stage and five projects with installed capacity totalling of 5,115 mw are under various stages of clearances. In addition to this, three projects in Jammu & Kashmir (2,120 mw) and one project in Manipur (66 mw) are envisaged to be executed through joint venture companies.
Sai said during the AGM that the company has achieved a sales realisation of Rs6,397 crore this year as compared to Rs5,369 crore last year.Sai informed that the net profit of the company has decreased to Rs978.79 crore mainly due to charging off the borrowing cost and other administrative cost of Subansiri lower and TlDP-IV Projects as construction activities were interrupted for a prolonged period.
He further added that the NHPC Board has recommended a final dividend of Rs0.30 per share for the period.