At 6:36 AM, GIFT Nifty Futures were trading 47 points lower at 23,568, indicating a negative start for the Indian bourses
For the last few years, the government has given a lot of emphasis to hydropower projects and pumped storage solutions through policy push and incentives, said NHPC Chairman & MD
The JV, named ANGEL, has been assigned two PSPs by the Andhra Pradesh government with a total capacity of 2 Gw
In 2024, solar power spearheaded this growth with addition of 24.54 GW, registering 33.47 per cent year-on-year (Y-o-Y) rise in its cumulative installed capacity to 97.86 GW in 2024
Despite ending 2024 on a strong note, select PSU stocks such as Oil India, NHPC and Coal India plunged up to 43% from the peaks; technical charts hint at a possible pull-back in the near-term.
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 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
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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
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, November 7: Trent, Abbott India, Aditya Birla Fashion and Retail, and more will release their Q2FY25 performance report
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.
The project cost is Rs 589.16 crore, NHPC said in a statement.
The project has been facing protests from the local population which fears severe ecological impact because of the construction of the dam.
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
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, NHPC and RailTel shares climb after government grants 'Navratna' status
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.
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,