NHPC Ltd.

Credit rating agency, Standard & Poor’s (S&P) has reaffirmed the long term issuer credit rating of NHPC as ‘BBB-‘ and also revised the outlook to negative from stable.

The company for the quarter ended December 31, 2011 posted a fall of 29.43% in its net profit of Rs 212.18 crore as compared to Rs 300.67 crore for the same quarter in the previous year. However, total income has increased by 18.31% from Rs 917.20 crore for Q3FY11 to Rs 1,085.13 crore in the quarter under review.

NHPC is engaged in the planning, development and implementation of an integrated and efficient network of hydroelectric projects in India. It executes all aspects of the development of hydroelectric projects, from concept to commissioning.