The company's total expenses during the quarter...
under review increased to Rs 1,185.9 crore, over Rs 1,128.3 crore in the year-ago period. A 'mini ratna' firm, NHPC is the country's premier hydropower player. In 2015-16, its power stations achieved generation of 23,404 million units. NHPC is setting up five projects with total installed capacity of 4,290 MW, including 1,000 MW Pakal Dul project being executed through a JV company. About 10 projects of 7,151 MW are awaiting clearances/ government approval for their implementation including three projects of 1,186 MW to be executed through subsidiary/joint venture companies. In another BSE filing, the company stated that its board has approved raising of Rs 2,250 crore through issuance of "V" series corporate bonds on private placement basis. This bond issue is part of the proposal to raise Rs 4,500 crore that was approved by shareholders in the 40th Annual General Meeting held on September 22, 2016. "The board of directors of NHPC in its meeting held today...has approved the proposal of raising Rs 2,250 crore through issuance of "V" series corporate bonds on private placement basis which is out of Rs 4,500 crore already approved by the stakeholders in their 40th Annual General Meeting held on September 22, 2016," NHPC said in a filing to BSE.
NHPC was incorporated in the year 1975 with an objective to plan, promote and organise an integrated and efficient development of hydroelectric power in all aspects. Later on, NHPC expanded its objects to include development of power in all its aspects through conventional and non-conventional sources in India and abroad.Government of India currently holds 74.6 percent stake in NHPC (as per the shareholding pattern as on 30 September 2016).
NHPC, the Miniratna PSU, is India's leading company in power sector and is among the top 10 companies in the country in terms of investment with an installed power generation capacity of 5,702 MW, including 1,520 MW implemented through joint ventures (JV). Seven projects with a total capacity of 4,095 MW are under construction. NHPC currently has an installed capacity of 5,147 MW at standalone and 6,717 MW on consolidated basis with a total of 22 operating power stations. 19 hydro power stations besides one wind power project are operated by NHPC while two are operated by NHDC, a subsidiary company with the Government of Madhya Pradesh.