46th Annual General Meeting (AGM) of NHPC through video conferencing from its Corporate Office, Faridabad on 25th August 2022. The members of the company approved a dividend of Rs 1.81/- per equity share for the year 2021-22, which is inclusive of interim dividend of Rs 1.31/- per equity share paid in March, 2022. Shri A.K. Singh, CMD, NHPC addressed the shareholders at the AGM wherein members of NHPC Board including Shri Y.K. Chaubey, Director (Technical), Shri R.P. Goyal, Director (Finance), Shri Biswajit Basu, Director (Projects) and Independent Directors including Dr. Uday Sakharam Nirgudkar, Prof. (Dr.) Amit Kansal, Dr. Rashmi Sharma Rawal and Shri Jiji Joseph and Smt. Rupa Deb, Company Secretary, NHPC were also present.
CMD, NHPC highlighted upon various key achievements made by NHPC. Shri Singh informed that NHPC achieved its highest ever annual Profit After Tax (PAT) of Rs.3,538 crore (on standalone basis) in FY 2021-22 compared to Rs.3,245 crore in FY 2020-21, a 9% increase. Elaborating further on NHPC’s achievements during financial year 2021-22, Shri Singh informed that NHPC power stations generated 24,855 MUs of electricity against the Design Energy of 23,540 MUs. NHPC power stations also recorded highest ever Annual PAF of 88.19%. He further added that cash contribution of Rs.1,183.05 crore was made to Government of India’s exchequer through dividend (final dividend for FY 2020-21 of Rs.249.44 crore and interim dividend for FY 2021-22 of Rs.933.61 crore).
Shri A.K. Singh, CMD, NHPC also informed that NHPC Limited has signed a Memorandum of Understanding (MoU) with Investment Board Nepal, Govt. of Nepal on 18.08.2022 at Kathmandu, Nepal for development of two hydropower projects namely West Seti (750 MW) and Seti River 6 project (450 MW) in Nepal.