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| NHPC hosts 35th Annual General Meeting | | |  EARLY TIMES REPORT
JAMMU: NHPC Limited, India’s premier hydro power company and a ‘Mini Ratna’ Category-I Enterprise of the Government of India hosted its 35th Annual General Meeting at Faridabad on 19th September 2011. A.B.L Srivastava, Chairman and Managing Director, NHPC addressed the shareholders in the presence of Members of NHPC Board of Directors and senior officers from Ministry of Power.
Addressing the shareholders, Srivastava expressed his gratitude for their contribution to the success of the company and showcased the achievements made by NHPC during 2010-11 wherein NHPC has created new benchmarks surpassing its own previous records. While presenting the company’s Annual Report for the year ended 31st March 2011, Srivastava informed that NHPC has achieved sales turnover of Rs 4,046.59 crore and has registered a net profit of Rs 2,166.67 crore, which is the highest since its inception. He further added that the NHPC Board has recommended a final dividend of Rs 0.60 per share for the financial year 2010-11.
Srivastava explained in detail about NHPC’s performance and initiatives under various parameters as financial performance, power generation, capacity addition, joint ventures, diversification, consultancy and business development, environmental and social aspects, rural electrification and rural road works, Clean Development Mechanism (CDM), CSR, Human Resource, Rajbhasba implementation etc.
Srivastava acknowledged the support and guidance of Ministry of Power, Government of India, other bodies including ministries, State Governments, banks, financial institutions and shareholders of the company. He also thanked all NHPC employees for their dedication and commitment in achieving the excellence which is shaping the company’s future.
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