NHDC SIGNS MoU WITH NHPC FOR THE FINANCIAL YEAR 2019-20

Sarkaritel
By Sarkaritel June 23, 2019 15:37

NHDC SIGNS MoU WITH NHPC FOR THE FINANCIAL YEAR 2019-20


Faraidabad, June 23 NHDC Limited, a Joint Venture of NHPC Limited and Government of Madhya Pradesh, has signed Memorandum of Understanding (MoU) for the financial year 2019-20 at Faridabad on 21.06.2019 with NHPC Limited, India’s Premier Hydropower utility and a Schedule ‘A’ Mini Ratna Enterprise of the Government of India.The MoU was signed by Balraj Joshi, Chairman and Managing Director, NHPC and Md. A.G. Ansari, MD & Chief Executive Director, NHDC.

In the signed MoU for NHDC, Generation Target for FY 2019-20 under ‘Excellent’ rating has been set as 3000 MU against last year actual generation of 1921 MU. Excellent Target for Revenue from Operations is set as Rs.930 Crore.

In addition to above, Operating Profit, Trade Receivables, PAT/Average Net Worth, Reduction in Claims against the Company, HRM related parameters, Technology up-gradation parameter and other Sector specific parameter have also been included.

NHDC Limited, incorporated in the year 2000, is the largest Hydropower producing Company in the State of Madhya Pradesh having its 2 Projects – 1000 MW Indira Sagar Project and 520 MW Omkareshwar Project.

Sarkaritel
By Sarkaritel June 23, 2019 15:37