NHPC FY10 profit jumps 83 pct

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,NHPC said in a filing to the Bombay Stock Exchange.

The government-run power firm has declared a dividend of 55 paise on each share.

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.

NHPC shares,which had dipped 1.6 per cent to hit an all-time low of Rs 27.60 in morning trade,recovered after the announcement of the result to trade at Rs 28.85,up 2.85 per cent,in the afternoon session on the BSE.