NHPC net up 4% in FY11 on higher sales realisation, other income

Helped by higher sales realisation and an increase in other income, NHPC Ltd reported a 4 per cent rise in profit to Rs 2,166.67 crore for 2010-11.

The hydro power major recorded a turnover of Rs 4,046.59 crore in 2010-11, marginally lower than the Rs 4,153.21 crore in the previous year. The previous year's sales included an arrear of Rs. 844.14 crore, the company said.

Profit increased in 2010-11 mainly on account of higher other income and lower expenses due to lesser interest outgo in the last fiscal, it said. The company achieved 100 per cent sales realisation in 2010-11 against 97 per cent achieved in the previous year.

For the Eleventh Five Year Plan (2007-12), NHPC's original capacity addition target was 5,322 MW, which was later scaled down to 3,500 MW. The company has so far added around 1,150 MW as environment hurdles have impacted the company's projects.

“We will add 1,080 MW by the end of the current Plan period (2007-12); the remaining capacity addition would be carried forward to next plan period,” Chairman and Managing Director Mr A.B.L. Srivastava, said while announcing the results.

NHPC currently has 14 operational hydro projects totalling a capacity of 5,295 MW. It also has ten projects under construction that add up to another 4,502 MW.