Page 5 - Nhpc

NHPC to sell hydro power to PTC India from upcoming Nepal projects

State-run hydro power giant NHPC has inked a pact with PTC India to supply electricity to be generated from upcoming West Seti & Seti River-6 projects in Nepal, a statement said on Tuesday. The MoU was signed by NHPC CMD A.K. Singh and Dr. Rajib K. Mishra, CMD, PTC India Limited. As per the MoU, PTC shall purchase the Contracted Capacity from NHPC from date of commercial operation of the projects for onward sale to the state utilities/discoms/bulk consumers on long term basis in India and neighbouring countries. The PTC India shall also endeavour to sell any untied capacity on medium/short term basis or on power exchanges, it stated.

Sensex slides 861 pts, Nifty holds 17,300; RIL slips 1% post 45th AGM

CLOSING BELL: Mukesh Ambani laid out succession plan with Akash Ambani championing telecom, Isha Ambani controlling Retail, and Anant Ambani joining new-energy vertical

Stocks to watch: RIL, Britannia, NHPC, Cipla, InterGlobe Aviation, RITES

Stocks to watch today: Reliance Industries will hold their 45th Annual General Meeting on Monday, August 29; Tons of biscuits were destroyed after a major fire broke out at Britannia's Pantnagar plant

NHPC inks pact with Himachal Pradesh govt for 500 MW Dugar hydro project

State-owned hydro power giant NHPC has inked a pact with the Himachal Pradesh government for the implementation of 500 MW Dugar Hydroelectric Project in Chamba district. "Implementation agreement for 500 MW Dugar Hydro Electric Project located in Chamba district, Himachal Pradesh, was signed between NHPC Limited and government of Himachal Pradesh on August 26, 2022 at Shimla," a statement said. The agreement was signed in the presence of Jai Ram Thakur, Chief Minister, Himachal Pradesh, and A K Singh, Chairman & Managing Director, NHPC Limited. The document was signed by Suresh Kumar, General Manager (E), NHPC, and Harikesh Meena, Director (Energy), Directorate of Energy (DoE), Himachal Pradesh. Earlier, a Memorandum of Understanding (MoU) for 449 MW Dugar Hydro Electric Project was signed between NHPC and government of Himachal Pradesh on September 25, 2019. Subsequent to signing of the MoU, NHPC carried out detailed survey and investigations, techno-economic studies and ...

Stocks to watch: TCS, Wipro, Future Ent, IDBI Bank, Adani Green, ONGC, NHPC

Stocks to watch today: Canara Bank plans to raise up to Rs 3,500 crore through tier II bonds; TCS clarified that it would pay 100 per cent of variable payout in the June quarter of FY23.

Stocks to watch: NDTV, RIL, Canara Bank, Tata Motors, NTPC, NHPC, Hindalco

Stocks to watch today: Adani Group plans to buy 29.18 per cent stake in NDTV; Canara Bank plans to raise up to Rs 3,500 crore via tier II bonds.

NHPC, BEL ink pact to set up solar equipment manufacturing facility

NHPC on Tuesday signed an initial pact with Bharat Electronics Ltd (BEL) to set up a large capacity solar equipment manufacturing facility. "A Memorandum of Understanding (MoU) has been signed between NHPC and BEL...for setting up of gigawatt scale vertically integrated solar manufacturing unit," a BSE filing said. The MoU was signed by Biswajit Basu, Director (Projects), NHPC and Vinay Kumar Katyal, Director (Bangalore Complex), BEL. State-owned hydro power giant NHPC has an installation base of 7071.2 MW from 24 power stations including two projects in JV mode. It is engaged in the construction of 11 projects aggregating to a total installed capacity of 7,539 MW. During 2021-22, NHPC power stations achieved generation of 24,855 MU (million units). Last fiscal, NHPC reported Rs 8,181 crore as income from sale of power with a net profit of Rs 3,538 crore.

Sensex drops 652pts, Nifty near 17,750 as growth concerns weigh; banks sink

CLOSING BELL: The broad-based sell-off was led by financials including IndusInd Bank (down 4 per cent), Bajaj twins, SBI, ICICI Bank, Kotak Bank, and HDFC duo

NHPC Ltd inks pact to develop Nepal hydropower plant left by China

Officials said India's NHPC Ltd signed a memorandum of understanding (MOU) on Thursday allowing it to study details like feasibility, environmental impact, inundation of land and construction costs

NHPC profit rises 7% to Rs 1,053 cr in Q1 on account of higher revenues

State-run NHPC on Wednesday posted over 7 per cent increase in its consolidated net profit to Rs 1,053.76 crore in the June quarter on the back of higher revenues

NHPC, DVC sign pact to set up joint venture firm for hydro power: Report

State-owned hydro power giant NHPC on Wednesday said it has inked a pact with Damoder Valley Corporation to explore possibility of forming a joint venture firm for setting up hydro power projects

NHPC inks two pacts to develop green hydrogen technology in Leh, Kargil

As per the agreement signed for Leh district, NHPC will consider the development of a Pilot Green Hydrogen fuel cell-based Microgrid, including hydrogen production

Tata Power bags NHPC's solar project worth Rs 1,731 cr in Rajasthan

Tata Power Solar Systems on Monday said it has bagged 300 MW solar project worth Rs 1,731 crore from state-owned NHPC. "Tata Power Solar Systems, one of India's largest integrated solar companies and a wholly-owned subsidiary of Tata Power, bagged an order of 300 MW solar project worth Rs 1,731 crore, inclusive of tax from NHPC," a company statement said. According to the statement, the project site, located in Rajasthan, will be developed under the CPSU (Central Public Sector Undertaking) scheme of IREDA (Indian Renewable Energy Development Agency). The project, which is expected to be completed within 18 months, aims to reduce around 6,36,960 carbon emissions, and is expected to generate approximately 750 million units annually. Cells and modules made in India would be used in the project installation. Praveer Sinha, CEO & MD, Tata Power, said in the statement, "We are honoured to have won this significant project from NHPC. It underlines the industry's confidence in our ...

Rs 4,526 crore sanctioned for 540 MW Kwar hydropower project in J&K

The Cabinet Committee on Economic Affairs on Wednesday approved the investment of Rs 4,526.12 crore for the 540 MW Kwar Hydro-electric project located on Chenab River in Jammu & Kashmir's Kishtwar district.

NHPC signs MoU with Himachal Pradesh to develop green hydrogen technologies

This project will be executed by NHPC Renewable Energy Limited (NREL), a wholly-owned subsidiary of NHPC

NHPC inks pact with HDFC Bank to monetise RoE of Chamera-I Power Plant

State-owned NHPC on Thursday said it has inked a pact with HDFC bank to securitise return on equity of its 540-MW Chamera-I Power Plant in Himachal Pradesh for 10 years. "NHPC Ltd has signed a facility agreement today i.e. February 24, 2022, (on Thursday) with HDFC Bank Ltd to securitise the return on equity of Chamera-I Power Station (3 X 180 MW), Himachal Pradesh, for a tenor of 10 years," according to a BSE filing. The amount of the securitisation facility has been arrived Rs 1,016.39 crore or 5.24 per cent per annum discounting rate linked with three-month T-bills. In December 2021, NHPC's board had approved the proposal for monetisation by securitisation through bidding process of return on equity (RoE) of Chamera-1 Power Station (3 X 180 MW), Himachal Pradesh, and further to monetise RoE of one or more power stations for 5 or 10 or 15 years in one go or rollover.

Stocks to Watch: Apollo Hospitals, Nazara, DB Realty, Orchid Pharma, auto

Adani Wilmar, Coal India, Dish Tv, Eicher Motors, Grasim, Medplus Health, MTNL, Nagarjuna Fertilizers, PC Jeweller, Railtel, Rajesh Exports, Spandana Sphoorty and SpiceJet to announce results today.

NHPC's net profit falls 7.5% to Rs 888.8 crore in December quarter

State-owned hydropower giant NHPC reported a nearly 7.5 per cent dip in its consolidated net profit to Rs 888.76 crore in the December 2021 quarter, mainly due to lower revenues. The company had reported a consolidated net profit of Rs 961.64 crore in the corresponding quarter last fiscal, according to a BSE filing. Its total income in October-December 2021 stood at Rs 2,373.72 crore, compared with Rs 2,610.69 crore in the year-ago period. The company's board in its meeting on Friday declared the payment of interim dividend at the rate of 13.10 per cent (Rs 1.31 per equity share) on the face value of paid-up equity shares of Rs 10 each for 2021-22. The board has fixed February 23 as the record date for the purpose of ascertaining the eligibility of shareholders for payment of the interim dividend. The interim dividend shall be paid/ dispatched within the period as stipulated in the Companies Act, 2013. The board also approved the proposal for a change of the company's logo.

NHPC inks pact to build 10,000 MW renewable energy capacity in Rajasthan

State-run NHPC has signed a letter of intent (LoI) to build renewable energy projects of 10,000 MW in Rajasthan.

Sensex sheds 621pts amid Omicron woes, weak global cues; Nifty below 17,750

Market participants are already concerned about the rapid global spread of the highly infectious Omicron Covid variant