The shares of the hydropower company gained up to 1 percent after the company announced an investment plan of Rs 796.96 crore to develop a Solar Park in the Jalaun district.
Price Movement
With a market capitalization of Rs 90,345.04 crore, the shares of NHPC Ltd were trading at Rs 89.94 per share, decreasing around 0.48 per share as compared to the previous closing price of Rs 90.37 per share.
Reason for Rise
According to the company filing, NHPC Ltd’s board approved its subsidiary BSUL to develop a 1200 MW solar park in Jalaun, Uttar Pradesh, under MNRE’s UMREPP scheme, at a cost of Rs 796.96 crore, including Rs 42.69 crore IDC and Rs 239.09 crore NHPC equity. Additionally, NHPC will raise up to Rs 2,000 crore via bond placement in FY26.
Financial Growth
Looking forward to the company’s financial performance, revenue zoomed by 11 percent from Rs 2,056 crore in Q3FY24 to Rs 2,287 crore in Q3FY25, Moreover, during the same time frame, net profit plummeted by 47 percent from Rs 623 crore to Rs 330 crore.
Also read: Stock skyrockets 19% after reporting 26% YoY growth in net profits; Announce 210% dividend
Major Projects and Investments
NHPC plans to invest Rs 84,000 crore to develop 20 GW of pumped storage and renewable energy projects, with an additional Rs 14,000 crore focused on renewables despite recent profit dips.
Shareholding pattern
In the company’s recent shareholding pattern, the Promoters of the company own 67.40 percent while Retail shareholders own a 12.05 percent stake in the company, and domestic Institutional Investors own a 10.62 percent stake.
Company Profile
NHPC, a Mini Ratna category I public sector company, is primarily involved in the generation and sale of bulk power to various Power Utilities. Its other business includes providing project management/construction contracts/consultancy assignment services, and trading of power.
Written by Abhishek Singh
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