NHPC today posted 27.8 per cent rise in standalone net profit to Rs 1,554.6 crore for the September quarter, driven by higher generation, better operational efficiency and tariff finalisation by CERC for some of its plants.
The state—owned hydro—power major had posted net profit of Rs 1,215.6 crore for the July—September period of the last financial.
In the second quarter of the current fiscal “we have achieved more generation”, said NHPC CMD KK Singh.
Besides, the company has received some of its arrears as well as contained operating cost, he told reporters here, adding that these were the three main reasons for increase in net profit.
The gross generation of the company was up by 2 per cent to 8,941 million units (MU) during the July—September quarter compared to the year—ago period.
“NHPC registered (more) generation in the second quarter ...8,941 MU, whereas in corresponding period of last financial year it was 8,770 MU,” Singh said.
The realisation of dues stands at Rs 3,275 crore, he said, as against billing of Rs 4,140 crore as on September 30.
He said the 520 mw Parbati III power station in Himachal Pradesh was dedicated to nation in October.
Besides, NHPC has commissioned two units of 80 mw of TLDP IV power station in West Bengal in a record time to achieve the generation benefits of the monsoon season, he added. MORE PTI SID SA 11181835