The project, scheduled to be commissioned in September 2024, has the potential to create employment opportunities for approximately 600 people indirectly during the project phase and 100 employees indirectly during the operation and maintenance phase.

NHPC is India's leading hydropower company with a total installed capacity of 7,097.2 MW of renewable energy (including wind and solar) through its 25 power plants, including 1,520 MW through subsidiaries. Currently, NHPC (including subsidiaries/joint venture companies) is involved in the construction of 15 projects with a total installed capacity of 10,449 MW.

Last week, NHPC declared an interim dividend of 14% or ₹1.40 per share for FY24 at par value of ₹10 each. The Company's Board of Directors has set February 22, 2024 as the record date for determining shareholders' eligibility to pay the interim dividend.

In the last 12 months, NHPC has declared a total stock dividend of ₹1.85, including ₹0.45 in August 2023 and ₹1.4 in February 2023, while the company has paid 23 dividends since September 2010.

For the third quarter ended December 31, 2023, NHPC reported a 26.77% decline in consolidated net profit at ₹491.90 crore as compared to ₹671.67 crore in the corresponding period last fiscal. Operating revenue declined 20.42% to ₹2,055.50 crore as compared to ₹2,582.76 crore in Q3 FY23.

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