NHPC Ltd.
BSE: 533098 | NSE: NHPC
Mid Cap | Power Generation/Distribution
84.37
2.97 (3.65%) CARE reaffirms ‘AAA’ rating assigned to NHPC’s Q-Series bonds
Date: 01-11-2012Credit rating agency, CARE has reaffirmed the ‘AAA’ rating assigned to NHPC’s Q-Series bonds amounting Rs 1,266 crore.
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.
On standalone basis, the company has posted a fall of 18.94% in its net profit at Rs 783.38 crore for the quarter ended September 30, 2012 as compared to Rs 966.47 crore for the same quarter in the previous year. Total income has decreased by 6.92% at Rs 2013.02 crore for quarter under review as compared to Rs 2162.74 crore for the quarter ended September 30, 2011.