Excelsior Correspondent
JAMMU, Aug 31: NHPC hosted its 47th Annual General Meeting (AGM) today, through video conferencing from its Corporate Office, Faridabad.
The members of the company considered proposal for declaration of dividend of Rs 1.85 per equity share for the year 2022-23, which is inclusive of interim dividend of Rs 1.40 per equity share paid in March 2023.
RK Vishnoi, CMD of NHPC addressed the shareholders at the AGM wherein members of NHPC Board including RP Goyal (Director Finance), Biswajit Basu (Director Projects), Uttam Lal (Director Personnel) and Independent Directors Dr Uday Sakharam Nirgudkar, Prof (Dr) Amit Kansal, Prof (Dr) Rashmi Sharma Rawal, Jiji Joseph, Premkumar Goverthanan and Rupa Deb (Company Secretary, NHPC) were also present.
The CMD highlighted upon various key achievements by NHPC. Vishnoi informed that NHPC achieved its highest ever annual Profit after Tax (PAT) of Rs 3833.79 crore on standalone basis compared to Rs 3537.71 crore in the previous financial year i.e. an increase of 8%. He further said that NHPC’s Power Stations generated 24,907 MUs and recorded highest ever annual Plant Availability Factor (PAF) of 88.75% during the financial year 2022-23. He further added that on approval of the shareholders the total Dividend payout for FY 2022-23 will be Rs 1858.33 crore.
Vishnoi said that Green hydrogen has gained significant attention as a potential solution for decarbonizing various sectors such as heavy industry, transportation etc. and is expected to be the future of energy. Thus recognizing its potential, NHPC has already initiated action for undertaking development of three Pilot Green Hydrogen Projects in Leh & Kargil Districts of Ladakh and Chamba District of Himachal Pradesh. These pilot projects will create roadmap for future development of green hydrogen and subsequent reduction of the carbon emission in transportation/heating sector.
Various queries of members regarding performance of the Company were also addressed at the AGM.
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