Mission Statement, Vision, & Core Values (2025) of NHPC Limited.

An Overview of NHPC Limited

General Summary of NHPC Limited

NHPC Limited, established in 1975, is a leading hydropower company in India, focusing on the development and operation of hydroelectric power generation. Headquartered in Faridabad, Haryana, NHPC operates various hydroelectric projects across the country. As of 2024, NHPC has an installed capacity of approximately 7,071 MW, making it a significant player in the Indian energy market.

NHPC's portfolio includes services such as power generation, project development, and consultancy in the hydropower sector. The company has ventured into renewable energy resources, expanding its product offerings with a focus on solar and wind power.

In terms of sales, NHPC reported a revenue of approximately ₹10,000 crore in the financial year 2023-2024, driven primarily by its hydropower generation. The demand for renewable energy sources has significantly influenced the company's market performance.

Company's Financial Performance

NHPC Limited achieved record-breaking revenue in the latest financial reporting period. The revenue from power sales during FY 2023-2024 amounts to ₹9,000 crore, marking an increase of 15% compared to the previous financial year. This growth is largely attributed to the consistent demand for electricity in India.

The company reported a net profit of ₹3,500 crore for the same period, up by 18% from FY 2022-2023. This increase is a result of improved operational efficiency and effective cost management strategies.

NHPC also saw a remarkable growth in market share, consolidating its position as a leader in the hydropower sector. A breakdown of the company’s financial highlights is illustrated in the table below:

Introduction to NHPC Limited as a Leader in the Industry

NHPC Limited stands out as one of the leading companies in the hydropower sector due to its commitment to sustainable energy and significant investments in infrastructure development. The company has strategically positioned itself to capitalize on the burgeoning demand for renewable energy in India.

As of 2024, NHPC has expanded its focus to include the development of solar and wind energy projects, further diversifying its portfolio and enhancing its growth prospects. The company’s reputation for reliability and operational excellence makes it a key player in the renewable energy landscape. Investors are encouraged to explore further to understand the core strategies that drive NHPC's ongoing success.

Mission Statement of NHPC Limited

Mission Statement Overview

NHPC Limited's mission statement serves as a foundational element that guides the company’s strategic direction and operational frameworks. It emphasizes the commitment of NHPC to deliver sustainable energy solutions while contributing to social and economic development in India. The mission statement reflects the company's dedication to high-quality service and environmental responsibility, ensuring that it meets the growing energy demands of the nation.

Core Component 1: Sustainable Energy Development

One of the primary components of NHPC’s mission statement is its commitment to sustainable energy development. The company endeavors to harness water resources for hydropower generation, aiming to provide clean and renewable energy.

As of 2023, NHPC has an installed capacity of 7,071 MW of hydroelectric power, contributing significantly to India's renewable energy mix. The company plans to increase its renewable energy capacity to 10,000 MW by 2024, showcasing its goal of sustainable development aligned with the government's vision for increasing the share of renewables in the energy sector.

Core Component 2: Commitment to Quality

NHPC emphasizes the delivery of high-quality products and services as a key aspect of its mission. The company adheres to stringent quality standards throughout its operations, from project planning to implementation and maintenance.

In FY 2022-23, NHPC reported a revenue of ₹7,537 crore (approximately US$ 910 million), reflecting its robust operational performance. The company maintains an operational efficiency rate of over 90%, particularly in its hydroelectric plants, which is critical in ensuring reliable supply to consumers.

Core Component 3: Community and Economic Development

NHPC recognizes its role in community and economic development as integral to its mission. The company actively engages in Corporate Social Responsibility (CSR) initiatives aimed at enhancing the quality of life for communities surrounding its operational areas.

In the financial year 2022-23, NHPC allocated approximately ₹90 crore (around US$ 11 million) to various CSR programs, focusing on education, health, and sanitation projects. These efforts underline NHPC's commitment to ensuring that its growth translates into tangible benefits for local populations.

Vision Statement of NHPC Limited

Long-term Sustainability

NHPC Limited aims to achieve sustainable growth by focusing on renewable energy sources. As of 2024, the company is committed to increasing its renewable energy capacity to 4,000 MW by 2025, contributing to India's energy transition goals.

Technological Advancements

NHPC Limited is dedicated to incorporating the latest technologies in hydroelectric projects. The company's investment in modernization and technological upgrades is projected to reach INR 1,500 crores by 2024. This includes implementing advanced monitoring systems and automation to enhance operational efficiency.

Community Engagement

Community engagement is vital to NHPC's vision. The company has committed INR 100 crores annually for social development initiatives, focusing on education, health, and infrastructure in project-affected areas. This initiative aims to improve the quality of life for local communities and foster support for its projects.

Environmental Stewardship

NHPC Limited is focused on minimizing environmental impact. The company has implemented a biodiversity management plan across its projects, aiming to achieve a 30% reduction in greenhouse gas emissions by 2025. Furthermore, NHPC plans to plant over 1 million trees annually as part of its environmental conservation efforts.

Financial Performance and Investment

For the financial year 2023-2024, NHPC Limited reported a total income of INR 9,500 crores with an operating profit margin of 36%. The company's strategic investments in infrastructure are expected to bolster its earning capacity significantly, targeting a revenue growth of 15% year-over-year.

Core Values of NHPC Limited

Integrity

Integrity is a fundamental value for NHPC Limited, reflecting its commitment to transparency and ethical behavior in all business interactions. The company adheres to strict codes of conduct and encourages honesty in every aspect of its operations.

For example, NHPC Limited has implemented a robust whistleblower policy that allows employees to report unethical practices without fear of retaliation. In the fiscal year 2023, the company received 15 anonymous reports, leading to investigations and resolutions of misconduct.

Safety

NHPC Limited places paramount importance on safety, ensuring the well-being of its employees and stakeholders. The company has invested significantly in safety training programs and infrastructure improvements.

In 2022, NHPC Limited recorded a 30% reduction in workplace accidents compared to the previous year, highlighting the effectiveness of its safety initiatives.

The company also organized 20 safety drills across its facilities in 2023, further instilling a culture of safety among its workforce.

Excellence

Excellence drives NHPC Limited's operations, aiming for superior performance and quality in its services. The company has set ambitious targets for project delivery and customer satisfaction.

As of 2023, NHPC Limited achieved a 98% project completion rate within the stipulated timeframe. Additionally, customer satisfaction ratings stood at 4.8 out of 5 for its services, reflecting the company's commitment to excellence.

Environmental Responsibility

NHPC Limited is dedicated to environmental sustainability, integrating eco-friendly practices into its operations. The company invests in renewable energy projects and conservation initiatives.

In 2023, NHPC Limited's renewable energy capacity reached 2,350 MW, contributing significantly to India's clean energy goals. The company also reported a 15% reduction in carbon emissions over the last fiscal year.

Teamwork

Teamwork is essential to NHPC Limited's collaborative culture, fostering cooperation among employees to achieve common goals. The company encourages cross-departmental collaboration and knowledge sharing.

NHPC Limited initiated a team-building program in 2023 that involved over 1,000 employees, enhancing collaboration and morale. The company also reported that employee engagement scores increased by 20% after implementing these programs.