NHPC profit up 83 pc at Rs 2,176 cr

NHPC profit up 83 pc at  Rs 2,176 cr

Its net profit was Rs 1,184.89 crore in 2008-09. Consolidated net sales of the company increased to Rs 5,114.26 crore in 2009-10 from Rs 3,427.77 crore in 2008-09.  Further, on a standalone basis, NHPC reported a net profit (after minority interest) of Rs 2,090.50 crore for 2009-10, nearly double of the Rs 1,075.22 crore profit of the previous financial year.
Meanwhile, the firm said that it may invest its surplus funds in the mutual funds market. NHPC, which currently invests in long-term securities such as PSU bonds and fixed deposit receipts, is mulling over putting its excess cash into PSU mutual funds with LIC and SBI.

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