Wednesday, June 16, 2021
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NHPC Profit Rises 80% To Rs 464 Crore In March Quarter, Stock Edges Lower

Shares of NHPC had been fin al buying and selling 0.55 per cent decrease at Rs 26.90 on the BSE.

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Share worth of NHPC Limited edged decrease by round one per cent on Friday, June 10, a day after the corporate introduced its January-March quarter outcomes for the monetary yr 2020-21. On Friday, NHPC Limited opened on the BSE at Rs 27.50, inching to an intra day excessive of Rs 27.50 and an intra day low of Rs 26.40, within the buying and selling session up to now. NHPC additionally introduced that it’s going to elevate debt as much as Rs 4,300 crore by issuing company bonds and/or by elevating time period loans/ECB (exterior business borrowing).

According to a regulatory submitting by the corporate to the inventory exchanges, NHPC reported an virtually 80 per cent leap in internet revenue on a consolidated foundation to Rs 464 crore within the March quarter of fiscal 2020-21. The hydropower board internet revenue stood at Rs 258.83 crore within the corresponding quarter of the earlier monetary yr.

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NHPC’s board of administrators beneficial a last dividend at 3.50 per cent of face worth of Rs 10 per share or Re 0.35 per fairness share, for the monetary yr 2020-21, topic to the approval of shareholders. This dividend is along with the interim dividend of Rs 1.25 per fairness share for the fiscal yr 2020-21, paid in March 2021, stated NHPC in its assertion.

On the NSE, NHPC Limite opened at Rs 27.45, touching an intra day excessive of Rs 27.50 and an intra day low of Rs 26.40, within the session up to now. It was final buying and selling 0.55 per cent decrease at Rs 26.90 on the NSE.

Shares of NHPC had been final buying and selling 0.55 per cent decrease at Rs 26.90 on the BSE. 

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