By 2047, the company aims to increase the total capacity to more than 50 GW, its chairman and managing director Raj Kumar Chaudhary tells Arunima Bharadwaj in an interview. The company is optimistic of increasing its net profit to ₹4,500 crore in the next financial year.
The company reported a 37% decline year-on-year in consolidated net profit to ₹1,069.28 crore in the second quarter of the current financial year. Excerpts:
What are the company's upcoming projects and when do you plan to commission these?
Currently, we are operating 28 power stations with a total installed capacity of 7.2 GW. Additionally, 15 projects with a combined capacity of 10,604 MW are under various stages of construction. Out of these, we aim to commission the 800 MW Parbati-II HE Project by March 2025 and three units of 250 MW each of the 2000 MW Subansiri Lower HE Project by May 2025. Upon completion, these projects will collectively contribute an additional 6,500 million units in electricity generation in the next financial year. The commissioning of the Parbati-II HE project will not only increase our installed capacity by 800 MW but will also enhance generation from the Parbati-III Power Station.
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
More Indians looking to fly biz class this holiday season
The number of Indians eyeing to fly business class has seen a sharp uptick this holiday season compared to last year. While the trend is more pronounced in international travel, travel agents and online platforms suggest that it is also emerging on many domestic routes.
Markets slump over 1%
● Investors' wealth down ₹4.92 lakh cr
EPFO weighs higher equity investments
● Labour ministry panel to look at ways to raise exposure
Indian firms turn to euro, yen swaps to trim borrowing cost
INDIAN FIRMS ARE opting for cross-currency swaps to convert part of their debt into the euro or the Japanese yen in order to trim borrowing costs, said bankers.
IIT-Madras to offer fine arts, culture courses
A FIRST for Indian Institutes of Technology (IITs), IIT-Madras on Tuesday said it would offer two supernumerary seats in each undergraduate programme to students who have achieved excellence in fine arts and culture, starting from the upcoming academic session.
Not even 2% work-linked higher education courses yet: Report
EDUCATION-INDUSTRY MISMATCH
The world's busiest airline routes in 2024 are largely in Asia
● Leisure continues to outshine corporate trips
Panel suggests LS elections template for entrance tests
DRAWING PARALLELS WITH the conduct of general elections, a high-level committee set up by the Education ministry and chaired by former ISRO chief K Radhakrishnan has proposed a similar framework for holding important national entrance tests to ensure transparency.
Siddique murder: Court sends accused to police custody till Dec 20
A SPECIAL COURT in Mumbai on Tuesday remanded five accused arrested in NCP leader Baba Siddique's murder case to police custody till December 20 after investigators said they need to interrogate them about an absconding accused and the weapons used in the crime.
DPIIT inks pact with HDFC Bank
THE DEPARTMENT FOR Promotion of Industry and Internal Trade (DPIIT) on Tuesday said it has inked pacts with HDFC Bank and Tally Solutions to help startups growth.
