The Mini Ratna PSU acting under state control has attracted investor interest through its future goal of building 22 GW of hydropower capacity by FY34. The corporate strategy demonstrates the company’s commitment to building clean energy facilities while helping India reach its future renewable energy targets.
Price Action
NHPC Ltd shares experienced a maximum change at Rs.84.90 per share on Friday before they settled at Rs.83.49 each after the market closed. The market showed a slight price decline that led shares to close at Rs.83.49 per share. For the last five-year period the stock produced more than 320 percent profit gains.
What Happened
NHPC directs its long-term business development through substantial investments in hydropower as well as PSPs and other green energy projects. During FY34, the business plans to increase its hydropower capacity from 7.3 GW to 22 GW. NHPC is pursuing the development of approximately 20 GW of pumped storage projects through partnerships with state entities that have government backing.
The PSP capacity expansion projects require an investment of about Rs.84,000 crores from NHPC according to Chairman and Managing Director Raj Kumar Chaudhary, while the overall financial outlay reaches nearly Rs.1.2 trillion. Specific projects being developed by NHPC match India’s clean energy requirements and will strongly establish the company as a major renewable sector player.
The upcoming move of NHPC includes preparing to list its subsidiary NHPC Renewable Energy Ltd for FY27. The company plans to initiate the IPO for its renewable energy subsidiary once it reaches substantial scale in its green energy operations to enhance its sustainable energy initiatives while increasing its investor follower.
Current Capacity
The power plant operator NHPC maintains operation of 7,097.2 MW in renewable facilities from 25 power stations spread across the country with 1,520 MW running through its subsidiary plants.
The company established strategic targets to increase its capacity to reach 23 GW by 2032 and more than 50 GW by 2047. Late in 2026-27 NHPC aims to reach an installed capacity of 14,561.2 MW after establishing 7,417 MW from hydroelectric and solar facilities.
During FY26 NHPC plans to invest Rs.8,000 crore into capital projects that will support the construction of 1,620 MW in hydroelectric facilities together with 1,490 MW solar facilities.
Joint Ventures and Projects
NHPC joined forces with Andhra Pradesh government to establish pumped storage projects (PSPs) under ANGEL (APGENCO NHPC Green Energy Company) as a joint enterprise. The collaboration consists of two PSPs featuring 2 GW in total capacity through the Yaganti 1 GW project and the 800 MW Rajupalem project. All combined pumped storage projects have the estimated capability to generate a total 6 – 8 GW of electricity.
The project development of 750 MW Kuppa Pumped Hydro Storage Project in Chhota Udaipur by Gujarat Power Corporation Limited and NHPC through an MoU expects investments to roll out in 2024/25 starting at Rs.4,000 crore.
Financial Performance
Q3 FY25 financial data at NHPC Ltd shows a 11 percent increase in revenue which reached Rs.2,287 crore compared to Rs.2,056 crore reported in the identical quarter of last year. During this period Profit After Tax (PAT) experienced a significant decline of 47 percent until it reached Rs.330 crore while the previous year reported Rs.623 crore.
