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NHPC likely to raise Rs 2,000 crore by March

11 Aug 2011 Evaluate

NHPC, India's largest hydropower generator likely to raise Rs 2,000 crore in debt by March as it expects to boost capacity. By September the firm will raise Rs 500 crore in domestic bonds and rest by end of the current financial year. To raise the capacity to 6000 MW, company also plans to add 723 MW by March.

Last year the company has earmarked a capital expenditure of about Rs 3,800 compared with Rs 5,000 crore in 2011/12. On good monsoon NHPC eyes to surpass the FY12 output target to generate 18.5 billion kilowatt hour (bkwh) of power. India's water reservoirs were at 49% of capacity on August 4, higher than 35% a year ago, boosting prospects for hydropower generation that accounts for a quarter of country's generation capacity.

The company’s net profit for the quarter grew by 47.19% at Rs 791.05 crore as compared to Rs 537.42 crore for the corresponding quarter of the previous year. Its total Income has increased by 45.85% at Rs 1798.39 crore from Rs 1233.02 crore for the quarter ended June 30, 2010.

NHPC Share Price

84.37 2.97 (3.65%)
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