The Indian power sector has demonstrated resilience and adaptability, continuously evolving to meet emerging challenges. Hydropower plays a crucial role in balancing the grid and meeting the peak energy demands. In light of growing environmental concerns and India’s commitment to sustainability, the Government of India has implemented supportive policies to enhance competitiveness of clean sources of energy. Your Company’s management is actively monitoring the progress of construction projects providing unwavering support and direction.
- India’s largest hydroelectric 2,880 MW Dibang Multipurpose Project.
- 1,200 MW Jalaun Ultra Mega Renewable Energy Power Park, a Joint Venture with Uttar Pradesh
New and Renewable Energy Development Agency (UPNEDA).
- 300 MW Solar Power Plant in Bikaner under the Government of India’s CPSU Scheme,
Phase-II, Tranche-III, with total investment of over `1,732 crore.
Power Stations
NHPC has signed an agreement with Japan Bank for International Cooperation (JBIC), Japan for a loan of JPY 20 billion for implementation of renewable project including 300 MW Solar Power Project, Bikaner being developed under CPSE 1000 MW Scheme.
Fundamental Analysis
(Must Consider The Date , Data Updated on November,2024)
Ratios
| Market Cap | ₹ 81,917.26 Cr. |
| No. of Shares | 1,004.50 Cr. |
| P/E | 28.3 |
| P/B | 2.12 |
| Debt/Equity | 0.79 |
| Div. Yield | 2.27 % |
| DEBT | ₹ 29,390.99 Cr. |
| Promoter Holding | 67.4 % |
| ROE | 10.30 % |
Shareholding Pattern
- Promoter 67.4%
- Public 12.32%
- DII 10.91%
- FII 9.38%
- Others 0%
Profit & Loss Statement
(All Figures in Cr. Adjusted EPS in Rs.)
| Year | 2020 | 2021 | 2022 | 2023 | 2024 |
| Net Sales | 8,735.15 | 8,506.58 | 8,309.22 | 9,316.34 | 8,404.92 |
| Profit Before Tax | 3,608.17 | 3,925.19 | 2,776.44 | 4,439.19 | 4,295.48 |
| Net Profit | 3,007.17 | 3,245.06 | 3,537.71 | 3,833.79 | 3,743.94 |
| Adjusted EPS (Rs.) | 2.99 | 3.23 | 3.52 | 3.82 | 3.73 |
NHPC STANDALONE PROJECTS
1 PARBATI-II HE PROJECT – 800 MW (4 X 200 MW), HIMACHAL PRADESH
Parbati-II HE project is being constructed by NHPC as a run-of-the-river scheme to harness the hydro-potential of the lower reaches of Parbati River. A Concrete Gravity Dam of 83.7 m height has been constructed at Village Pulga in Parbati valley to divert the river water through a 31,557 m long Head Race Tunnel (HRT). An underground Power House of 800 MW (4 x 200 MW) capacity has been constructed at Village Suind in Sainj valley utilizing gross head of 863 m. The diverted discharge of the Parbati River is to be further augmented by diverting the discharge of various nallahs viz. Jiwa, Hurla, Pancha and Manihar falling along the HRT alignment.
Major civil works of Dam, intake structure, desilting chamber, pressure shafts, surge shaft, power house, all nallahs viz. Jiwa, Hurla, Pancha and Manihar have been completed. HRT excavation has been completed (except 41m rock plug) using Drill and Blast Method (DBM) and Tunnel Boring Machine (TBM). At present, HRT lining is in progress from Face-3 and Face-4. Total 99.87% HRT excavation and 92.56% overt lining have been completed till March, 2024
2 SUBANSIRI LOWER HE PROJECT – 2,000 MW (8 X 250 MW), ARUNACHAL PRADESH/ ASSAM:
Subansiri Lower HE Project is one the biggest hydroelectric project under construction in India so far and is a run of-the-river scheme on Subansiri River, a tributary of Brahmaputra. The project is located at Gerukamukh (Dhemaji District) / Kolaptukar (Kamle District) on the border of Assam and Arunachal Pradesh. The right bank of river Subansiri is situated in Arunachal Pradesh and left bank is in Assam. At the right bank of river Subansiri all the major project component viz. Intake, HRT, Power House & TRC etc. are situated and on the left bank Diversion Tunnels are located.
The CCEA sanction to the project was accorded in September 2003 and NHPC started construction works in January 2005. The construction work was halted from December 2011 to July 2019 due to various reasons and ban of Hon’ble NGT on construction activities of the Project. Hon’ble NGT dismissed all the petitions and cleared the project vide order dated July 31, 2019. Now, the Project is in advance stage of construction. Three units of the Project are scheduled to be commissioned in March 2025 and all units by May 2026.
3 DIBANG MULTIPURPOSE PROJECT – 2,880 MW (12 X 240 MW), ARUNACHAL PRADESH
Dibang Multipurpose Project, one of the largest project in the Country, is a hydropower cum flood moderation scheme. The Project envisages utilization of gross head of 230 m by construction of a 278 m high concrete dam across river Dibang. The estimated energy generation with an installed capacity of 2,880 MW works out to be 11,223 MUs for the 90% dependable year. In addition, the reservoir created behind the dam will provide flood moderation benefit in the downstream, for which reservoir will be kept 40.10 m below Full Reservoir Level (FRL) in monsoon period. The back water in the reservoir will travel up to a length of 41 km in Dibang River and its tributaries. The flood moderation will save erosion of agricultural land, damage to crops and further save crores of rupees being spent on flood control measures by the Government.
HM Package Works: Detailed Engineering, manufacturing, inspection, supply & erection of HM components are in progress. Erection of Pressure shaft liner of 2.9 m dia. PS1A, PS1B, PS2A & PS2B completed. Erection of steel liner for both Pressure shafts (Horizontal portion) having 6 m dia. is in progress.
HRT-TBM Package Works: Excavation of HRT-1 by TBM is in progress & 348.5 m (4%) achieved out of 7350 m. Assembly of TBM-2 and Lining Segment casting is in progress.
POWER TRADING BUSINESS AND POWER
TRADING LICENSE
As part of Business expansion and Diversification program, your Company has ventured into Power
Trading Business. Endeavour of Power Trading Business of the Company is to provide efficient and
smart business solution to its clients, viz. Buyers/ DISCOMs, Generators/ Sellers, Utilities, etc. In the year 2018-19, NHPC obtained Category-I license from CERC for interstate trading of electricity in
whole of India. NHPC is registered at DEEP (Discovery of Efficient Electricity Price) e-bidding portal and has obtained trader membership in Indian Energy Exchange (IEX) & Power Exchange of India Limited
NHPC as an “Intermediary Procurer” had invited bidsin 2019-20 for selection of Solar Power Developer (SPDs) for procurement of 2000 MW Solar Power from Solar projects. PPA has been signed with 05 SPDs viz. Avada Sunrays Energy Pvt. Ltd. (320 MW), O2 Power limited (380 MW), Adani Solar Energy Barmer One Private Limited (600 MW), EDEN Renewable Passy Pvt. Ltd. (300 MW) and ABC Renewable Energy Pvt. Ltd. (400 MW). Back to back Power Sale Agreements (PSAs) were signed with Madhya Pradesh PowerManagement Corporation Limited for 1000 MW, Chhattisgarh State Power Development Corporation Limited for 400 MW, Punjab State Power Corporation Limited for 300 MW and Jammu & Kashmir Power Corporation Limited for 300 MW for sale of solar power. Out of 2000 MW, total 700 MW project has been commissioned and power is being supplied to Punjab, J&K and Madhya Pradesh. Balance capacity is likely to be commissioned in financial year 2024-25 & 2025-26. After full commissioning of 2000 MW projects, NHPC shall earn trading margin of 35.00 crore annually for 25 years in this scheme. During financial year 2023-24, NHPC has traded 960.59 MUs with turnover of252.48 crore.
BOARD OF DIRECTORS
President Of India
- Holding Value 54,905.89CR.
The End
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