Business Standard

Sunday, December 22, 2024 | 09:10 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

NHPC signs MOU with Ministry of Power, GoI

Image

Capital Market

For setting various targets for year 2017-18

NHPC has signed a Memorandum of Understanding on 20 June 2017 with Ministry of Power, Government of India for year 2017-18. The salient features of the MoU are enlisted below -

Generation target under excellent rating has been set as 24000 MU as against last year target of 23500 MU.

Excellent targets for Revenue from Operations has been kept as Rs 7350 crore.

Operating Profit as a % of Revenue from Operations (Net) has been kept as 25.09%.

PAT/ Average Networth has been kept as 7.15%.

Ensure optimum utilisation of budget CAPEX programme of NHPC has been assigned 10% weightage in the MOU 2017-18.

 

Further, targets regarding Plant Availability Factor, Forced Outage and Reduction in outstanding claims, Trade Receivables , Dividend/ PAT etc have been included in the MoU. Human Resources Management (HRM) related parameters have also been included with 10% weightage in the MOU.

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jun 21 2017 | 7:01 PM IST

Explore News