The PSU firm has reported a 52% growth in its consolidated net profit to Rs 919.63 crore in the March-end quarter on account of higher income and posted a net profit of Rs 605 crore in the corresponding quarter of the previous fiscal year, the company said in an exchange filing.

Further, the board has also recommended a final dividend of face value of Rs 10 per share (Rs 0.51 per equity share) on the paid-up share capital of the company for FY 2024-25, subject to approval of shareholders in the ensuing Annual General Meeting. This is in addition to the interim dividend of Rs 1.40 per equity share for the FY 2024-25 paid in March 2025.

Earlier, in April, the company has commissioned the 800 MW Parbati-11 HE Project (hydroelectric) and 107.14 MW (out of a total of 300 MW) Karnisar Solar Power Plant.

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This comes as a succession of MoUs signed with Maharashtra’s Department of Energy for developing renewable energy sources, including solar, wind, and hybrid systems, with a total capacity of 7,350 MW.

The revised MoU, signed on September 3, 2024, comes after the issuance of a corrigendum on July 31, 2024, concerning the state’s policy for developing PSPs through public-private partnerships.

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