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.
Union budget increases strategic Pakul Dul hydropower project’ allocation by 61.25%
India wants to expedite establishment of important hydropower projects in Jammu and Kashmir post its reorganization
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New Delhi: With an eye on Pakistan, finance minister Nirmala Sitharaman on Monday increased the budgetary allocation of strategically important Pakul Dul hydropower project on Marusudar river, a tributary of Chenab by 61.25% to ₹602.53 crore for the next financial year.
The government plans to expedite the construction of the 1,000 megawatts (MW) project, which will be the first storage hydropower project in Jammu and Kashmir.
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Budget may raise central aid to expedite Pakul Dul project
Pakistan has objected to the 1,000MW hydropower project in Jammu and Kashmir
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Prime Minister Narendra Modi had laid the foundation stone of the Pakal Dul project in May 2018
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NEW DELHI :
The Union budget may provide greater assistance to expedite the construction of the strategically important Pakul Dul hydropower project on Marusudar river, a tributary of Chenab river that flows from India into Pakistan, said two government officials aware of the development. This assumes significance against the backdrop of Pakistan’s objections to the 1,000 megawatts (MW) project, which will be the first storage hydropower project in Jammu and Kashmir.
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After decisively changing the political structure of Jammu and Kashmir, the union government has now shifted gears to focus on the economy. Considering that the Parliament was informed that Article 370 and Article 35A were abolished to remove the roadblocks to the economic development of Kashmir, the slew of economic policy measure announced over the last three months were expected for some time now.
There is no denying the fact that BJP is transforming the nation-state from an accommodating (read, “soft state”) to a hard state, more so vis-a-vis Kashmir. What this meant in political terms has already been seen. On the economy front, the intention seems to be to replace the “granny state which doles out goodies” by a hardnosed development state which gets a bang for every buck. No quarrels with that.