Riding on strong operating performance, state-owned hydropower producer NHPC Ltd has reported a 12% year-on-year jump in half-yearly standalone net profit. The company has registered its highest-ever half-yearly standalone profit after tax (PAT) of INR 2,483 crore against INR 2,217 crore for the corresponding period in the previous year.
Generation for the current quarter and half year was the highest ever at 10,138 million units and 18,303 million units, respectively. The overall plant availability factor of the power stations for the quarter and half year ended Sept 30, 2022, was also the highest ever at 99.87% and 99.23%, respectively, on a standalone basis.
NHPC has a cumulative installed renewables capacity (including wind and solar) of 7,071 MW through its 24 power stations, including 1,520 MW through its subsidiary.
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