NHPC gained 3.25% to Rs 25.45 after the PSU company posted a 50.5% rise in consolidated net profit to Rs 961.64 crore on a 9.3% rise in net sales to Rs 2359.68 crore in Q3 FY21 over Q3 FY20.Consolidated profit before tax stood at Rs 803.9 crore in Q3 FY21, soaring 411% from Rs 157.1 crore in Q3 FY20.
Meanwhile, the company's board in its meeting held on Thursday (11 February 2021) approved the proposal for taking over of 2% equity share of PTC India in Chenab Valley Power Projects (CVPPPL) [a joint venture company between NHPC (49%), Jammu and Kashmir State Power Development Corporation Limited (49%) and PTC (2%)] by NHPC subject to approval of Ministry of Power, Government of India.