New Delhi: NHPC Limited hosted its 46th Annual General Meeting (AGM) on Saturday through video conferencing in Faridabad. The members of the company approved a dividend of Rs 1.81 per equity share for the year 2021-22, which is inclusive of an interim dividend of Rs 1.31 per equity share paid in March 2022.

AK Singh, CMD, NHPC, addressed the shareholders at the AGM wherein members of the NHPC Board including YK Chaubey, Director, Technical, RP Goyal, Director, Finance, Biswajit Basu, Director, Projects, and Independent Directors including Dr Uday Sakharam Nirgudkar, Prof Amit Kansal, Dr Rashmi Sharma Rawal and Jiji Joseph, and Rupa Deb, Company Secretary, NHPC were also present.

Singh said that NHPC achieved its highest ever annual profit after tax (PAT) of Rs 3,538 crore on standalone basis in FY 2021-22 as compared to Rs 3,245 crore in FY 2020-21, a 9 per cent increase. He said that NHPC power stations generated 24,855 MUs of electricity against the design energy of 23,540 MUs.

NHPC power stations also recorded the highest ever annual PAF of 88.19 per cent. He further added that a cash contribution of Rs 1,183.05 crore was made to the Government of India’s exchequer through a dividend - final dividend for FY 2020-21 of Rs 249.44 crore and interim dividend for FY 2021-22 of Rs 933.61 crore.

The CMD further said that NHPC has also signed a Letter of Intent for the development of 10000 MW renewable energy parks and projects in Rajasthan with the Rajasthan Renewable Energy Corporation Limited and Rajasthan Urja Vikas Nigam Ltd. 

It has also bagged 1000 MW capacity Solar Power Project at a Viability Gap Funding (VGF) of Rs 44.90 lakh per MW under CPSU Scheme, Phase-II, Tranche-III in the e-Reverse auction conducted by the Indian Renewable Energy Development Agency Limited (IREDA). /BI/