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State-Run NHPC Reports Highest-Ever Standalone Net Profit Of Rs 3,233 Crore In FY21 Despite COVID Challenges

NHPC Results: Highest-ever profit of Rs 3,233 crore in FY 2020-21 - Check HIGHLIGHTS of audited financial details

NHPC takes over Jal Power Corporation Ltd

NHPC takes over Jal Power Corporation Ltd NHPC takes over Jal Power Corporation Ltd Excelsior Correspondent JAMMU, Mar 31: NHPC, India’s premier hydropower company took over Jal Power Corporation Limited today after payment of resolution amount of Rs 165 crore into the lenders designated account. The handing and taking over ceremony was carried out in the presence of RP Goyal, Director (Finance), NHPC, Biswajit Basu, Director (Projects) and other senior officers from NHPC, Secure Financial Creditors from PFC and PNB and Resolution Professional. RS Dhillon, CMD, PFC was also present on the occasion. Jal Power Corporation Limited is developing a 120 MW Rangit Stage-IV Hydroelectric Project in the State of Sikkim. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) which was initiated on April 9, 2019 vide an order of NCLT. PFC and PNB are the financial Creditors. NHPC’S Resolution Plan was approved by Hon’ble NCLT vide order dated 24.12.2020 a

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