NATIONAL HYDROELECTRIC POWER

CORPORATION

BY
N GOWTHAM SAI
N SATHISH KUMAR
M V NARAYANASWAMY
MUFEED M FAIZAL
 NATIONAL HYDROELECTRIC POWER CORPORATION

HISTORY:
NHPC Ltd is a Mini-Ratna Category-I Enterprise of the Government of India. The key people
was Balraj joshi (chairman & MD). The company is one of the largest organisation in the field
of hydro electric power development in the country. The company is a hydroelectric power
generating company dedicated to the planning development and implementation of an
integrated and efficient network of hydroelectric projects in India. They execute all aspects of
the development of hydroelectric projects from concept to commissioning of the projects.
NHPC Ltd was incorporated on November 7 1975 as a private limited company under the
name National Hydro Electric Power Corporation Pvt Ltd. In April 2 1986 the company was
converted into a public limited company. The company was established with an objective to
plan promote and organize an integrated and efficient development of hydroelectric power
in all aspects. Later they expanded their objects to include development of power in all
aspects through conventional and non-conventional sources in India and abroad. During the
year 1976-77 the company received Loktak hydroelectric project with a capacity of 105 MW
from Government of India and in the next year they received BairaSiul hydroelectric project
with the capacity of 180 MW. In the year 1982-83 the company commissioned the BairaSiul
power station in Himachal Pradesh. During the year 1983-84 the company commissioned all
the units Devighat power station in Nepal and Loktak power station (105 MW) in Manipur.
During the next year they set up a Hydro Power Training Institute at the Bair Siul hydroelectric
project to train operators and supervisory staff. During the year 1987-88 the company
established a satellite telecommunication network up to link various projects. During the year
1989-90 the Government of India upgraded the company from a Schedule B to a Schedule A
corporation. During the year 1992-93 the company set up a consultancy wing to provide a
range of specialised services in the investigation design construction and operation of hydel
projects. Also they commissioned Tanakpur power station with the capacity of 120 MW in
Uttarakhand. During the year 1995-94 the company commissioned Chamera I power station
with the capacity of 540 MW in Himachal Pradesh. Also the company was awarded the lining
work of Jawahar Tunnel in Jammu & Kashmir during the year. During the year 1995-96 they
signed an agreement for execution of Kurichu hydroelectric project with the capacity of 45
MW in Bhutan. The company entered into an MoA with the Government of Arunachal
Pradesh to execute the Di bang multipurpose hydroelectric project. Also they entered into an

2
 NATIONAL HYDROELECTRIC POWER CORPORATION

MOU with the government of Manipur to exploit the hydro electric potential of the tailrace
discharge of Loktak Downstream Hydroelectric Project. During the year the company signed
an MoU with the Ministry of Rural Development Government of India and Government of
Bihar for construction of Rural Roads and the maintenance under Pradhan Mantri Gram Sadak
Yogna in Bihar. The name of the company was changed from National Hydro Electric Power
Corporation Ltd to NHPC Ltd with effect from March 28 2008. The company was conferred
with Mini-Ratna (Category I) status by the Ministry of Power with effect from April 28
2008.During the year 2008-09 the company entered into an MoU with the Government of
Jammu & Kashmir JKSPDC and PTC to incorporate a joint venture develop the Pakal Dul and
other hydro projects in the Chenab River Basin. Also the company along with NTPC PFC and
Tata Consultancy Services Ltd incorporated a joint venture company namely National Power
Exchange Ltd. During the year 2009-10 the company along with NTPC Powergrid Corporation
of India Ltd and Damodar Valley Corporation incorporated a joint venture company namely
National High Power Test Laboratory Pvt Ltd.In January 8 2010 the company signed an
agreement with Ministry of External Affairs (MEA) Government of India for taking up
Additional Investigations and Preparation of Updated Detailed Project Reports for 1200 MW
Tamanthi HE Project and 642 MW Shwezaya HE Project in Myanmar.

Major events:

Financial Year Event

1975 - 76 Incorporation of a Nhpc

1976 - 77 Received a Loktak hydroelectric project (105 MW) from Government of India.

1977 - 78 Received another hydro electric project name Baira Siul hydroelectric project (180
MW) from Government of india

1982 - 83 Baira Siul power station (180 MW) was started.

1983 - 84 All units of Devighat power station in Nepal commissioned ahead of schedule
Loktak power station (105 MW) in Manipur commissioned

1985 - 86 Hydro Power Training Institute set up at the Baira Siul hydroelectric project to
train operators and supervisory staff

3
 NATIONAL HYDROELECTRIC POWER CORPORATION

1986 - 87 First issue of 14% 7 years, redeemable secured non-convertible bonds amounting
to Rs. 143.64 crore

Nuwakot Rural Electrification project in Nepal completed ahead of schedule

1987 - 88 Establishment of a satellite telecommunication network taken up to link various

projects of our Company

1989 - 90 GoI upgraded our Company from a Schedule ‘B’ to a Schedule ‘A’ corporation

1992 - 93 A consultancy wing set up to provide a range of specialised services in the

investigation, design, construction and operation of hydel projects

Tanakpur power station (120 MW) in Uttarakhand commissioned

1994 - 95 Awarded the lining work of Jawahar Tunnel in Jammu & Kashmir

Our Company declared its maiden dividend of Rs. 5 crore for the year ending March 31,
1994

Our Company’s registered office started operating from its present building in Faridabad
Chamera I power station (540 MW) in Himachal Pradesh commissioned

1995 - 96 Agreement signed for execution of Kurichhu hydroelectric project (45 MW) in
Bhutan

1997 - 98 Uri power station (480 MW) in Jammu & Kashmir commissioned

1999 - 2000 Rangit power station (60 MW) in Sikkim commissioned

2000 - 01 Three units of 45 MW Kurichhu power station in Bhutan commissioned by our

Company ahead of schedule

Our Company and the government of Madhya Pradesh entered into an MoU to exploit the
hydro electric potential of the Narmada basin by completing the Indira Sagar and
Omkareshwar projects

Our Company and the government of Jammu & Kashmir entered into an MoU to exploit the
power potential of the state

2002 - 03 A line of credit for a tenor of 19 years taken from LIC for an amount of Rs. 2,500
crore

4
 NATIONAL HYDROELECTRIC POWER CORPORATION

Our Company was accorded ‘AAA’ credit rating for domestic borrowing and ‘BB’ credit
rating at par with sovereign rating of international borrowings by Fitch Ratings

2003 - 04 Chamera- II power station (300 MW) in Himachal Pradesh was started.

2004 - 05 Indira Sagar hydroelectric project (1,000 MW) of NHDC, a joint venture of our
Company and the government of Madhya Pradesh in Madhya Pradesh commissioned

2005 - 06 ERP initiated under the name Project Kiran

2006 - 07 Our Company entered into an agreement with Government of Bhutan for
preparation of DPR of Mangdechhu project (672 MW) in Bhutan

2007 - 08 The name of our Company changed to its present name NHPC Limited Dulhasti
power station (390 MW) commissioned

Teesta-V power station (510 MW) commissioned

2008 - 09 Our Company conferred Mini Ratna Category I status by the GoI

Our Company entered into an MoU with the government of Jammu & Kashmir, JKSPDC and
PTC to incorporate a joint venture develop the Pakal Dul and other hydro projects in the
Chenab River Basin
2011

-NHPC has signed a Memorandum of Understanding (MoU) with Russia's largest power
generating Company M/s. JSC RusHydro

-NHPC Ltd and PTC India Ltd signed a joint venture Company in the name and style as
Chenab Valley Power Projects Pvt Ltd

-NHPC inks MoU with Orissa for 320-MW units

2012

-NHPC commercializes Unit-1 of Chamera HE Project

-NHPC conferred the award as First Prize for 2011-12 for outstanding work in
implementation of Rajbhasha

-NHPC Conferred Indira Gandhi Rajbhasha Award

5
 NATIONAL HYDROELECTRIC POWER CORPORATION

-NHPC Signs MOU with Ministry of Power for The Year 2012-13
2016 -NHPC signs MoU with Maharashtra for solar projects -NHPC starts commercial
operation of Teesta project -NHPC plans 600 MW solar project at Koyna dam in
Maharashtra -NHPC enters into pact with BHEL for hydro projects NHPC wins Best Miniratna
Award -NHPC bagged Best Hydropower Enterprise Award
2017 - Ministry of Power wins Silver Medal at India International Trade Fair 2017 - NHPC
honoured by Hon’ble Minister of State for Power (Independent Charge) for Implementation
of Rajbhasha - GRIHA four star rating for Neer Shakti Sadan - NHPC awarded CIDC Partner in
Progress Trophy 2017 - CMD, NHPC conferred ‘Industry Doyen’ award - NHPC conferred
Water Digest Water Award for Best Water Management in Power Generation - NHPC
honored with the award for ‘Best Risk Management Practices, Frameworks and Systems’ at
3rd India Risk Management Awards NHPC Board allows amendment to apply to CERC for
trade licence.

Mission

 To achieve excellence in development of clean power at international standards .

 To execute & operate projects through efficient and competent contract management and
innovative R&D in environment friendly and socio-economically responsive manner.
 To develop, nurture and empower the human capital to leverage its full potential.
 To practice the best corporate governance methods and competent value based
management for a strong corporate identity and showing concern for employees, customer,
environment and society.
 To adopt & innovate use of the technologies and optimize use of natural resources through
effective management.

Vision

To be a global leading organization for sustainable development of clean power th

rough competent, responsible and innovative
values.

Business & Financial Growth:

Payments amounting to Rs. 3268 Lakhs and Rs. 4042.45 Lakhs have been received for the
financial year 2012-13 and 2013-14 respectively. In the current financial year 2014-15,
payments amounting to Rs. 569.41 Lakhs have been received till May ’14

6
 NATIONAL HYDROELECTRIC POWER CORPORATION

GROWTH:
As on date NHPC Limited has become the largest organisation for hydropower development
in India, with capabilities to undertake all the activities from conceptualisation to
commissioning in relation to setting up of hydro projects. NHPC Limited is also planning to
take Wind and Tidal wave projects in the country.

NHPC Limited presently has an installation base of 6667 MW from 21 hydropower stations
on ownership basis including projects taken up in Joint Venture. Considering the
impediments faced during execution of these projects such as unfavourable geological
conditions, difficult law and order problems, inaccessible and remote locations, the
achievement so far is commendable. The generation performance of these stations has
been outstanding.

NHPC Limited is presently engaged in the construction of 3 projects aggregating to a total

installed capacity of 3130 MW. Given the renewed thrust on development of hydro power
in the country, NHPC Limited has drawn up an ambitious plan to add about 6,000 MW of
hydropower capacity by the end of year 2022.

Geothermal/small Projects

Development of Small Hydro Projects:

MOU for execution and funding of Kam bang (3x2 MW) and Sippi (2x2 MW) Small
Hydroelectric Projects in Arunachal Pradesh were signed during Feb., 2001.
Kam bang Project (6MW), Ar. Pradesh:
All units of the project have been commissioned.
Sippi Project (4MW), Ar. Pradesh:
Both units of the project have been commissioned.
Development of Geothermal:
The Ministry of Non-Conventional Energy Sources (MNES) has appointed NHPC Limited as a
Nodal Agency for exploitation of Geothermal Energy in the country. The ranking studies of
geothermal fields in India have been carried out through an International Consultant viz.
M/s. Geothermal Ex, USA.

7
 NATIONAL HYDROELECTRIC POWER CORPORATION

Revenue and Net Income, EPS Growth Rate;

Rupees5%-0%Annual Growth2015-0B, 2016 -50B,2017-100B,

Sign up for Professional Membership to see Quarterly Revenue

chart.

Revenue or turnover or top line is income that a company receives from its
normal business activities. Revenue Growth is used to measure how fast a
company's business is expanding. The figure shows the annual rate of
increase/decrease in a company's revenue or sales growth in terms of
percentage change from the previous year.

An ideal company should have an steady upward trend. Year-over-year

performance is frequently used by investors seeking to gauge whether a
company's financial performance is improving or worsening.

Compound Annual Growth Rate of NHPC Ltd.:

1 year
Revenue -0.05%
Net Income -14%
EPS Basic -14%

Upgrade Membership to see the 10 year CAGR growth rate.

If Sales Revenue shows a moderate or stable growth while EPS shows an explosive
growth, it could possibly be due to accounting manipulation.

Reserves, Dividends Growth

Retained Earnings Growth ;Retained Earnings Growth is the percent

increase / decrease of a company's retained net income or reserves/surplus

8
 NATIONAL HYDROELECTRIC POWER CORPORATION

over time. A company can use retained earnings to maintain current

operations, or to invest in new ventures. Generally speaking, retained
earnings growth is accompanied by subsequent increases in sales and
profitability.

Dividend Growth NHPC Ltd.

Upgrade Membership to see 10 year Growth Rate trend chart.

A company paying dividends is generally a good sign. Well established

companies offer dividends back to its shareholders while high growth
companies usually do not pay dividends since they reinvest the profits back
in the business. If a dividend paying company stops paying dividends then
that is a big red flag. Dividend per share is better metric compared to
looking at just the dividends because DPS takes into account the number of
shares as well.

Accounts Receivable & Inventory Growth

Upgrade Membership to see 10 year Growth Rate trend chart.

Watch the Accounts (trade) Receivables (aka Sundry Debtors) and Inventory
columns closely. A company can get into serious trouble very quickly if it's
customers are not paying the bills or if its inventory is piling up in
warehouses. If Recievables are growing much faster than sales, it usually
means that the company is having trouble collecting money from customers.
More inventory on the balance sheet means the company is having trouble
delivering goods to customers.

9
 NATIONAL HYDROELECTRIC POWER CORPORATION

An increase of receivables and inventory above 50% is usually not a good

sign and needs to be investigated further.

Overview Of NHPC:

20 projects with an installed capacity of 6507 MW on ownership basis of

including projects executed by NHPC. NHPC has also executed 5 projects
with an installed capacity of 89.25 MW on turnkey basis. Two of these
projects have been Established in neighbour countries i.e. Nepal and
Bhutan.
NHPC is a Government of India Enterprise, was incorporated in the year
1975 with an authorized share capital of Rs. 2,000 million and with an
objective to plan, promote and organize an integrated and efficient
development of hydroelectric power in all aspects. Later on NHPC expanded
its objects to include development of power in all its aspects through
conventional and non-conventional sources in India and abroad .

At present, NHPC is a Mini Ratna Category-I Enterprise of the Govt. of India

with an authorized share capital of Rs. 1,50,000 Million. NHPC is ranked as
a one of the premier organization in the country for development of
hydropower.

Initially, on incorporation, and took over the execution of Salal Stage-I,

Bairasiul and Loktak Hydro-electric Projects from Central Hydroelectric
Project Construction and Control Board. Since then, it has executed
During the financial year 2016-2017 , NHPC Power Stations achieved the
generation of 23275 MU.

10
 NATIONAL HYDROELECTRIC POWER CORPORATION

During the Year 2016-17, NHPC had a Sales of Rs. 7139 Crore
with a Net Profit of Rs. 2796 Crore.

Presently NHPC is engaged in the construction of 5 projects

aggregating to a total installed capacity of 4290 MW including1000
MW (Pakal Dul HE Project) being executed through JV Company.
10 projects of 7151 MW are awaiting clearances/Govt. approval for

11
 NATIONAL HYDROELECTRIC POWER CORPORATION

their implementation including 3 Projects of 1186 MW to be

executed through Subsidiary/Joint Venture Companies.
@Company Secretariat

BALANCE SHEET

2014 2015 2016 2017

Cash and cash equivalence... 61,428 69,410 74,439 34,725

Short-term investment 2,507 2,564 11 0

Accounts receivables 24,224 29,052 23,886 18,540

Inventories 798 906 945 1,008

Deferred income taxes 0 0 0 783

Other current assets 45,117 40,929 23,981 28,231

Total current assets 134,075 142,862 123,262 83,286

Gross property plant... 260,330 244,292 243,989 202,384

Accumulated Depriciat... 0 0 0 0

Net property, plant and Eq... 260,330 244,292 243,989 202,384

Work in Progress 149,240 163,775 170,092 175,876

Miscellaneous Investment 21,585 19,260 15,938 14,063

Deferred income taxes 0 0 0 1,155

Intangible assets 35,538 34,869 34,150 19,842

Goodwill 0 0 0 0

Other long-term assets 13,243 27,621 32,069 105,164

Total non-current assets 479,936 489,817 496,238 518,485

Total assets 614,011 632,679 619,500 601,771

Short-term debt 0 0 0 3,025

Accounts Payable... 2,234 1,644 1,319 1,576

Provisions 38,057 36,544 24,640 17,324

Taxes Payable 0 0 0 0

Deferred Revenues 0 0 0 0

12
 NATIONAL HYDROELECTRIC POWER CORPORATION

Capital Leases 0 0 0 0

Other current liabilities 32,637 32,933 33,104 33,773

Total current liabilities 72,928 71,122 59,063 55,698

Long-term debt 193,090 187,245 184,167 172,456

Investments Liabilities 0 0 0 0

Deferred tax liabilities 9,344 9,886 10,227 16,653

Provisions 8,251 9,001 4,175 5,056

Capital Leases 0 0 0 0

Other longterm liabilities 17,282 14,593 13,676 27,938

Total non-current liabilities 227,967 220,726 212,245 222,103

Total liabilities 300,895 291,847 271,308 277,801

Share Capital 110,707 110,707 110,707 102,593

Share premium 0 0 0 0

Retained earnings 171,753 196,868 202,974 187,555

Accumulated other equity 0 0 0 0

Preferred Stock 0 0 0 0

Minority Interest 30,657 33,257 34,512 33,822

Total Equity 313,117 340,832 348,193 323,971

Total Liabilities and Equity 614,011 632,679 619,500 601,771

13
NATIONAL HYDROELECTRIC POWER CORPORATION

STRUCTURE OF NHPC LTD

14
 NATIONAL HYDROELECTRIC POWER CORPORATION

Company secretary :

A company secretary is a position in a private sector company or public sector organisation.

A company secretary is typically named a corporate secretary or secretary. the company
secretary is responsible for efficient administration of a company, particularly with regard to
ensuring compliance with statutory and regulatory requirements and for ensuring that
decisions of the board of directors are implemented.

Roles of a company secretary as given below

 Expert in corporate laws,seurities laws

 Legal expert
 Chief advisor to the board of directors
 Corporate planner
 Strategic manager

Director (personnel):

A director of personnel is responsible for all activities related to hiring and remove employees
A citys personnel policies fall under the auspices of the director of personnel, who is ultimate
responsible for development,revision and implementation of those policies.

Director (finance):

Finance directors are members of a senior executive team with responsibility for
theircampanys financial health. They combine operational and strategic roles, manage
accounting and financial strategy roles, manage accounting and financial control functions.

Directors (Technical):

A technical director is usually a senior technical person. This person usually possess the
highest level of skill within a specific technical field.

Directors (project):

A project director is a project management role in which an individual strategically

oversees,monitors and manages an IT project from executive level. As the most responsible

15
 NATIONAL HYDROELECTRIC POWER CORPORATION

authority over a project, this individual is charged with managing IT team member and
allocted resource.

CVO :

CVO stands for the chief visionary officer is an executive function in a company like CEO. The
title is sometimes used to formalize a high-level advisory position and other times used to
define a higher ranking position than that held by the CEO

Competators of NHPC

The main competators are:

 Reliance energy
 Tata power
 NTPC(national thermal power corporation ltd)

Some of more competators are

Gujarat industries power company ltd,indian energy exchange ltd,reliance infrastructure ltd,
SE power ltd, torrent power ltd,adani green energy ltd,adani power ltd,energy development
company ltd etc.,

That the NHPC LTD as the huge competation in the market. The competators of the
company belonging to the same category,sector or industry.

To give a tough competation to the competators the NHPC must overcome the weakness
and use the opportunities.

Weakness:

 Low exposure to the needs & dynamic distribution of business

 Role clarity on the requirements of being an enquipment supplier or a solution
provider.

16
 NATIONAL HYDROELECTRIC POWER CORPORATION

Opportunities:

 Huge investment leading to a great demand of goods and services

 Due Demand leads to industry operate at full &over capacity
 Better price realization
 Early birds to learn faster and thus achieve repeat orders

17