NHDC, a joint venture of NHPC Limited and Government of Madhya Pradesh, organized its 17th Annual General Meeting on 29.07.2017 at its Corporate Office, Bhopal. The meeting was chaired by Shri K. M Singh, Chairman NHDC in the presence of Shareholders, Auditors and other Board Members of NHDC.
During FY 2016-17, the total power generation from both the projects, i.e., Indira Sagar Project and Omkareshwar Project was 4748.50 Million Unit and generation of revenue from Operations (Net) was Rs. 1306.93 Crore. The company has registered a net profit of Rs. 931.28 Crore during the year under review.
During the meeting, the company transacted various ordinary and special business which included mainly adopting of financial accounts of the company for the FY 2016-17 and declaration of dividend of Rs. 765.41 Crore, to be paid to its joint venture partners i.e. NHPC Limited and Government of Madhya Pradesh on their respective part of shares @ Rs. 390/- per equity share.
Md. A. G. Ansari, MD & CED, NHDC, handed over a Dividend Cheque as per share of Govt. of Madhya Pradesh amounting Rs. 374.46 Crore for the year of 2016-17 to Sh. Shivraj Singh Chauhan, Chief Minister of Madhya Pradesh on 30.07.2017.
NHDC Limited, incorporated in the year 2000, is the largest Hydropower producing Company in the State of Madhya Pradesh having 2 Projects - 1000 MW Indira Sagar and 520 MW Omkareshwar.