Nhpc

NHPC to invest Rs 5,500 cr in setting up 1,000 MW solar project in Bihar

NHPC Ltd, India's largest hydropower company, will invest Rs 5,500 crore in setting up a 1,000 megawatt solar power project in Bihar, its chairman and managing director Raj Kumar Chaudhary said Friday. The firm signed an MoU with the state government for the investment at the Bihar Business Connect 2024 investor summit here. "We have proposed to invest Rs 5,500 crore in setting up a 1,000 MW solar power project," he said. The project could be set up in 1.5-2 years from the date of land acquisition. "Land is crucial for solar projects. And we would urge the state government to facilitate land acquisition so that we could do the project on time," he said. The company has almost 7 gigawatts of operational hydropower plants and 9.3 gigawatts of capacity is under construction, according to its website. Chaudhary said NHPC is also proposing to set up a small solar plant, electricity from which would be used to make green hydrogen. "The green hydrogen produced will be used to power pas

NHPC, BEML partner to develop desilting solutions for hydro plants

NHPC on Monday announced a partnership with BEML to jointly explore opportunities for development of desilting and dredging solutions for hydro power plants. Besides, the solutions would help mitigate urban waterlogging during monsoons by swiftly clearing canals and culverts, support dredging and desilting operations in inland waterways, coastal areas, ponds, and lakes, NHPC said in a statement. NHPC and BEML have signed a Memorandum of Understanding (MoU) that aims to establish strategic cooperation for the development of advanced desilting and dredging solutions tailored for hydroelectric plants, it said. Upon successful implementation in pilot projects, the solutions are expected to be replicated across other hydro power plants, further strengthening India's renewable energy infrastructure, NHPC said. NHPC chairman and managing director R K Chaudhary said, "Together, we aim to enhance power generation efficiency, reduce maintenance costs, and support India's ambitious renewable

Stocks to Watch on Dec 10: Vi, Metropolis, MapmyIndia, TaMo, LIC, PFC

Stocks to Watch on Dec 10: From Vodafone Idea (Vi) to Tata Motors, here is a list of stocks that will remain in limelight today

NTPC Green Energy IPO opens today: How to trade NTPC, other power stocks

NTPC Green Energy IPO: Trading strategies for NTPC, Power Grid and other listed power stocks on the BSE, NSE.

NHPC shares plummet 5% after co reports net profit fall in Q2FY25

Shares of state owned hydropower company NHPC tanked 4.95 per cent at Rs 80.34 a piece on the BSE after the company reported a decline in net profits

NHPC Q2 results: Net profit falls 37%, revenue rises to Rs 3,402 cr

State-owned NHPC on Thursday reported a 37 per cent fall in consolidated net profit to Rs 1,069.28 crore in the September quarter compared to the year-ago period due to exceptional expenses. It had posted a Rs 1,693.26 crore net profit for the period ended September 2023, the company said in an exchange filing. The company's total income increased to Rs 3,402.09 crore from Rs 3,113.82 crore in the second quarter of 2023-24. Expenses increased to Rs 1,831.08 crore in the second quarter of FY25 from Rs 1,573.54 crore in the year-ago quarter. According to the company filing, NHPC paid interest on contractor claims settled under the Vivad se Vishwas Il, Scheme (Contractual Disputes) of the government during the quarter and half year ended September 30, 2024 amounting to Rs 203.12 crore and Rs 350.03 crore, respectively.

Q2 results today: M&M, Lupin, NHPC, and RVNL among 166 to post earnings

Q2 results today, November 7: Trent, Abbott India, Aditya Birla Fashion and Retail, and more will release their Q2FY25 performance report

RVNL, Polycab, CG Power: Technical view on stocks that may turn large-caps

Nuvama Alternative & Quantitative Research in its early predictions on AMFI semi-annual categorization expects RVNL, Polycab India and 5 other stocks to be upgraded to large-caps.

NHPC up 3% as unit commissions 88 MW Omkareshwar Floating Solar Power Plant

The project cost is Rs 589.16 crore, NHPC said in a statement.

Arunachal's Siang valley dam project on fast track to counter China threat

The project has been facing protests from the local population which fears severe ecological impact because of the construction of the dam.

Power giant NHPC pays final dividend of Rs 338.5 cr to Centre for FY24

State-owned hydro power giant NHPC on Monday said it has paid a final dividend of Rs 338.51 crore to the Government of India for 2023-24. In addition, an interim dividend of Rs 947.82 crore for 2023-24 was paid on March 5, 2024, aggregating a total dividend of Rs 1,286.33 crore for the entire fiscal year, the company said in a statement. "NHPC has paid a final dividend of Rs 338.51 crore to Government of India for the FY2023-24 on September 20, 2024," a company statement said. The dividend payout bank advice was presented to Union Minister of Power and Housing and Urban Affairs Manohar Lal Khattar by NHPC CMD R K Chaudhary on Monday, it said. The company's board of directors in its meeting on May 17, 2024 recommended a final dividend at the rate of Rs 0.50 per equity share i.e. 5 per cent of the face value for 2023-24 that was approved in the annual general meeting on August 28, 2024. In addition, an interim dividend at the rate of Rs 1.40 per equity share, or 14 per cent of the f

How to trade newly crowned Navratnas: RailTel, SJVN, NHPC

SJVN, NHPC and RailTel Corp can potentially rally up to 14% from present levels, suggests technical charts. Watch out for these key support and resistance levels going ahead.

SJVN, RailTel, NHPC get 'Navratna' status; stocks rise up to 5.2%

SJVN, NHPC and RailTel shares climb after government grants 'Navratna' status

NHPC secures shareholders nod to hike borrowing limit to Rs 50,000 cr

State-owned NHPC has received shareholders nod to raise its borrowing limit to Rs 50,000 crore in its annual general meeting held on Wednesday. "All resolutions set out in the notice of 48th AGM were duly approved by shareholders with requisite majority," the company said in a regulatory filing. The proposal to increase the borrowing limit from Rs 40,000 crore to Rs 50,000 crore got the 99.99 per cent votes, the filing said. The tentative debt requirement for both ongoing projects and new projects up to FY 2032-33 as per CAPEX requirements will be approx Rs 80,000 crore, which will exceed paid-up share capital, free reserves and securities premium of the company, it said.

NHPC Q1FY25 results: Net profit rises marginally by 1% to Rs 1,108 cr

State-owned hydro power giant on Wednesday reported a marginal rise in its consolidated net profit of over one per cent to Rs 1,108.46 crore in June 2024 quarter. The company had reported a consolidated net profit of Rs 1,095.38 crore in the quarter ended on June 30, 2023, a BSE filing showed. Total income has increased to Rs 3,037.92 crore in the quarter from Rs 3,010.22 crore in the same period a year ago. The board also approved monetisation of future cash flow (return on equity) in respect of Dulhasti Power Station or any other power station(s) of the company for 8/10 years in single tranche during financial year 2024-25. In a separate filing, it informed that the power ministry has appointed Raj Kumar Chaudhary, Director (Technical), NHPC, to the post of Chairman and Managing Director, NHPC Limited. The appointment is effective from August 7 till the date of his superannuation i.e. June 30, 2025, or until further orders. The company further said that consequent to the above,

Jakson Green inks pact with NHPC for supply of 400 MW solar power

New energy transition platform Jakson Green on Wednesday said it has inked a pact with state-owned NHPC for the supply of 400 MW solar power. Jakson Green has signed its first Power Purchase Agreement (PPA) with NHPC Ltd, a company statement said. This agreement marks a significant milestone for Jakson Green, solidifying its position as a fast-growing Independent Power Producer (IPP) with a total portfolio of 1 GW under development, the statement added. "We are thrilled to embark on this agreement with NHPC, the first of many more to come. This 400 MW PPA, our largest to date, with NHPC is a monumental achievement for Jakson Green," Kannan Krishnan, Joint Managing Director, Jakson Green Pvt Ltd said. This new project will be located in Rajasthan and connected to the central grid, with an expected clean energy generation sufficient to power around four lakh households annually. Contributing to the elimination of nearly 752,000 MT/year of CO2 emissions, the project will also create

State-owned PFC signs agreement with CVPPPL for Rs 1,870 crore term loan

State-owned PFC on Friday said it has signed an agreement with the Chenab Valley Power Project Private Limited (CVPPPL) to extend a term loan of Rs 1,869.265 crore. The CVPPPL is a 51:49 per cent Joint Venture of NHPC LTD and Jammu And Kashmir State Power Development Corporation Limited (JKSPDC), Power Finance Corporation (PFC) said in a statement. PFC signed an agreement with CVPPPL for Rs 1,869.265 crore term loan, it added. With this agreement, the financial closure for Kiru HEP (hydroelectric project) for Rs 3,738.53 crore has been achieved, PFC said. As per the agreement, the loan will be used to develop and construct the greenfield Kiru Hydro Electric Project (4x156 MW) on the river Chenab in the Kishtwar District of Jammu & Kashmir. PFC, under the Ministry of Power, is the largest non-banking financial company (NBFC).

PSU stocks climb up to 9% as exit polls predict landslide victory for BJP

Shares of state owned companies cracked the upper ceiling on the BSE in Monday's early trades. The BSE CPSE index was up 6.9 per cent at 4,389 levels

Buy & sell ideas for June 03 from Anand Rathi: NHPC, SJVN, Campus

After peaking near the Rs 153 mark on May 22, 2024, SJVN experienced a significant downturn, with a decline of approximately 22 points, equating to roughly 14-15 per cent

RIL, Bharti Airtel: What are Modi stocks, and why is CLSA bullish on them?

Within this basket of Modi stocks, the preferred BUYs for CLSA India analysts are ONGC, NTPC, NHPC, SBI, Power Finance, IGL and Mahanagar Gas in the PSU space