NHPC Ltd: History, Latest Updates, Milestones, Subsidiaries and Share Price
INTRODUCTION
NHPC Ltd, formerly known as the National Hydroelectric Power Corporation, is one of India’s premier public sector undertakings in the field of hydropower generation. Established to utilize the country’s vast renewable energy resources, NHPC has played a crucial role in powering India’s sustainable growth. With a legacy spanning several decades, the company has built a strong portfolio of operational and upcoming hydroelectric projects across the country.
In recent years, growing investor interest and developments in the energy sector have brought renewed focus to the NHPC share price, making it a key metric for tracking the company’s market performance. This article delves into the rich history of NHPC Ltd, highlights its major milestones and latest updates, explores its subsidiaries, and offers insights into the trends and factors influencing the NHPC share price today.
NHPC Ltd Moves in 2025
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Strong Revenue Growth Amid Profit Decline:
In Q3 of FY 2024, NHPC Ltd saw a 16.24% rise in revenue, reaching Rs. 19,703.40 million. However, net profit dropped by 51.91%, impacting NHPC share price due to higher expenses and one-time factors. -
Improved Operating Performance:
NHPC showcased improved operational efficiency, with operating profit increasing to Rs. 12,449.10 million, up from Rs. 10,867.80 million in the same quarter last year, reflecting stronger core business performance despite a decline in net profit. -
Successful Fundraising via Bonds:
On Jan 27, 2025, NHPC raised Rs. 2,489 crore via AE Series Bonds at a 7.20% rate, maturing in 2035. This move may boost investor confidence and impact NHPC share price positively.
Evolution of the NHPC Ltd: From Past to Present:
Past:
NHPC Limited was founded on November 7, 1975, as part of a government initiative to tap into India’s abundant hydroelectric resources. Initially, the company took over projects like Loktak (105 MW) and Baira Siul (180 MW), the latter being NHPC's first commissioned project in 1982. Throughout the 1980s and 1990s, NHPC expanded its presence across various regions, commissioning landmark hydro projects such as Salal (690 MW), Tanakpur (120 MW), and Uri-I (480 MW). It also ventured beyond Indian borders, completing rural electrification projects in Nepal. In 1986, NHPC transitioned into a public limited company, reflecting its growth and increasing importance in India’s power infrastructure.
Present:
In the 21st century, NHPC has transformed into a key player in India’s renewable energy landscape. While it continues to focus on hydroelectric power, the company is actively investing in solar and wind energy projects. A major highlight is the ongoing construction of a 200 MW solar power plant in Khavda, Gujarat. NHPC has also commissioned the 330 MW Kishanganga project in Jammu & Kashmir and is close to completing the massive 2,000 MW Subansiri Lower Hydroelectric Project. Financially, the company has performed strongly, posting its highest-ever half-yearly profit of Rs. 2,483 crore in FY 2022. Following its receipt of the 'Navratna' status in 2024 and under the guidance of CMD Shri Raj Kumar Chaudhary, NHPC is set to be a key player in India's shift towards clean energy.
|
Name |
NHPC Limited |
|
Founded year |
1975 |
|
Key People |
Shri Raj Kumar Chaudhary (Chairman & Managing Director) |
|
Headquarters |
Faridabad, Haryana, India |
|
Subsidiaries |
NHDC Limited, Bundelkhand Saur Urja Limited, NHPC Renewable Energy Limited, Chenab Valley Power Projects Private Limited, Loktak Downstream Hydroelectric Corporation Limited , Lanco Teesta Hydro Power Pvt. Ltd., Ratle Hydroelectric Power Corporation Limited |
|
Sector |
Electric utility |
|
Nse code |
NHPC |
|
Bse code |
533098 |
Timeline of NHPC Ltd:
|
Financial Year |
Key Milestones |
|
1975-76 |
NHPC came into existence as a government-backed hydropower initiative. |
|
1976-77 |
Took operational control of the Loktak Hydroelectric Project (105 MW) from the central government. |
|
1977-78 |
The Baira Siul project (180 MW) was transferred to NHPC’s management. |
|
1982-83 |
Achieved full commissioning of Baira Siul Power Station in Himachal Pradesh. |
|
1983-84 |
Commissioned Devighat project in Nepal and Loktak project in Manipur earlier than scheduled. |
|
1985-86 |
Set up a technical training institute at Baira Siul to upskill power sector personnel. |
|
1986-87 |
Raised Rs. 143.64 crore through secured bond issuance; successfully wrapped up Nepal’s Nuwakot Electrification Project. |
|
1987-88 |
Launched satellite communication systems to enhance inter-project connectivity. |
|
1989-90 |
Re-designated as a Schedule 'A' CPSE by the Indian government. |
|
1992-93 |
Introduced consultancy services; Tanakpur plant (120 MW) in Uttarakhand became operational. |
|
1994-95 |
Took on tunnel lining works at Jawahar Tunnel, J&K; relocated corporate office to Faridabad; Chamera-I (540 MW) went live. |
|
1995-96 |
Partnered with Bhutan for development of the Kurichhu project (45 MW). |
|
1999-2000 |
Brought the Rangit hydropower plant (60 MW) in Sikkim into commercial operation. |
|
2000-01 |
Kurichhu’s three generating units started ahead of schedule; signed development MoUs with Madhya Pradesh and J&K. |
|
2002-03 |
Secured long-term financing of Rs. 2,500 crore from LIC; credit rating reaffirmed with AAA domestically. |
|
2004-05 |
NHDC’s Indira Sagar project (1,000 MW) was brought online. |
|
2005-06 |
Implemented a unified ERP system across the organization under “Project Kiran.” |
|
2007-08 |
Renamed as NHPC Limited; major projects like Dulhasti (390 MW), Teesta-V (510 MW), and Omkareshwar (520 MW) were completed. |
|
2008-09 |
Gained Mini Ratna-I status; signed MoUs with J&K and partners for Chenab Basin projects; co-established National Power Exchange Ltd. |
|
2011 |
Entered agreements with Russia’s JSC RusHydro; partnered with PTC India; signed development MoUs with Odisha. |
|
2012 |
Chamera Unit-1 began commercial operation; new MoU signed with Ministry of Power. |
|
2014 |
Teamed up with Kerala for solar initiatives; completed crucial tunnel works for Kishanganga hydro plant. |
|
2016 |
Entered solar partnerships with Maharashtra; Teesta began commercial production; proposed 600 MW solar project at Koyna. |
|
2017 |
Executed PPAs for Teesta-IV and Teesta-V; Unit-I at Parbati synchronized; board cleared CERC trading license proposal. |
|
2018 |
Enhanced its presence in the hydropower domain while expanding initiatives in the renewable energy space. |
|
2019 |
Took over Lanco Teesta Hydro Power Ltd.; signed power trading MoU with NLCIL. |
|
2020 |
Partnered with Cement Corporation of India to optimize the utilization of power generated from the Dibang project. |
Inside the NHPC Ltd:
Corporate actions: NHPC Ltd. has declared 26 dividends since September 7, 2010. The company distributed a dividend of Rs. 1.90 per share over the past year.. At the current NHPC share price of Rs. 84.20, the dividend yield stands at 2.26%. The next interim dividend of Rs. 1.40 per share will be declared on February 13, 2025.
Main News:
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On April 14, 2025, NHPC began the commercial operation of 107.14 MW solar capacity at the Karnisar Solar Power Plant in Rajasthan.
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On February 7, 2025, NHPC reported a 16.24% increase in revenue to Rs. 19,703.40 million, but net profit declined by 51.91% to Rs. 2,495.10 million.
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On January 28, 2025, NHPC raised Rs. 2,489 crore through the issuance of 7.20% AE Series Bonds with a 10-year tenure.
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On December 17, 2024, NHPC signed an MoU with BEML for cooperation in developing advanced desilting solutions for hydroelectric plants.
NHPC Renewable Energy Limited
Main News:
-
On April 12, 2025, NREL commenced the commercial operation of 107.14 MW at its 300 MW solar photovoltaic project in Karnisar, Bikaner, Rajasthan. This milestone follows successful trial runs conducted on April 10, 2025, marking a key step in diversifying NHPC's renewable energy portfolio
Current NHPC Ltd Share Price NSE
|
COMPANY NAME |
SECTOR |
SHARE PRICE LINK |
|
NHPC Ltd |
Power Generation/Distribution |
Achievements and Milestones:
|
Year |
Title of Award |
Description |
|
2017 |
CSR and Responsiveness Award |
Recipient of the SCOPE Excellence Award for excellence in social responsibility. |
|
2017 |
SKOCH Merit Award |
Applauded for initiatives in corporate governance and CSR programs. |
|
2018 |
Employer Recognition |
Named among the Top 10 Public Sector Employers in India by India Today. |
|
2019 |
Best Utility in Hydro Power |
Honoured by CBIP for setting benchmarks in hydropower performance. |
|
2020 |
Leading Hydropower Utility |
Earned the CBIP Award for continued excellence in the hydro energy sector. |
|
2020 |
Golden Peacock Sustainability Award |
Acknowledged for driving sustainable growth and development. |
CONCLUSION
In conclusion, NHPC Ltd has firmly established itself as a leader in India’s hydropower sector while diversifying into renewable energy projects. With its ongoing expansion in solar and wind energy and significant financial milestones, the company remains a key player in India's transition to clean energy. The NHPC share price has become a crucial indicator for investors as the company continues to innovate and expand. As NHPC strengthens its position with new projects and strategic partnerships, investors should watch the NHPC share price closely for potential growth opportunities in the coming years.
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Frequently Asked Questions:
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How has NHPC Ltd fared financially in recent years?
Revenue rose by 1.69% per year, underperforming the industry average. Market share dropped, but net income rose by 6.91% per year, impacting NHPC share price.
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Where can I check the latest NHPC share price and updates?
Visit Enrich Money’s stock analysis page for real-time NHPC share price and performance insights.
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Is NHPC Ltd a good long-term investment?
NHPC boasts minimal debt, robust liquidity, and consistent income growth. It may be a good long-term pick, though NHPC share price can vary with market trends.
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How do recent financial trends affect NHPC share price?
Slower growth and declining market share have affected NHPC share price, but solid earnings and low debt offer stability.
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What recent developments have impacted NHPC share price?
Policy changes and hydropower project updates influence NHPC share price, even in the absence of major corporate actions.
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