Page 5 - Nhpc

NHPC to develop 2,000 MW of pumped storage, renewable projects in Odisha

State-owned NHPC Ltd has inked an initial pact with an Odisha state utility to develop 2,000 MW of pumped storage projects and 1,000 MW renewable energy in the state. The MoU signed with GRIDCO Ltd envisages setting up self-identified pumped storage projects of at least 2,000 MW and renewable energy projects (Ground-Mounted Solar Projects / Floating Solar Projects) of at least 1,000 MW in the state, a power ministry release said. The MoU was signed on 23rd June 2023, by Executive Director (Strategy Business Development and Consultancy), NHPC, Rajat Gupta and Managing Director, GRIDCO Limited, Trilochan Panda, it stated.

India gears up to start mega hydropower project near China border

State-run hydropower company NHPC Ltd. will start trial runs in July for the Subansiri Lower project that runs through the states of Assam and Arunchal Pradesh in the country's north-east

Pumped storage projects may create 7,000 jobs in Maharashtra: NHPC

The MoU sets the stage for the establishment of four pumped storage projects, which will have a combined capacity of 7,350 MW

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NHPC partners Nepalese utility to develop 480 MW Phukot hydro project

State-owned hydro power giant NHPC on Thursday inked an initial pact with Nepalese utility Vidhyut Utpadan Company for developing a 480 MW Phukot Karnali hydroelectric project. "On 1st June 2023, a Memorandum of Understanding (MoU) has been exchanged between NHPC Ltd and Vidhyut Utpadan Company Ltd (VUCL), Nepal, in august presence of Prime Minister Narendra Modi and Prime Minister of Nepal Pushpa Kamal Dahal Prachanda' at Hyderabad House, New Delhi, for development of Phukot Karnali Hydro Electric Project (480MW) in Nepal," a company statement said. The Nepal Prime Minister is on a four-day visit to India, which began on Wednesday. The MoU was exchanged by RK Vishnoi, Chairman & Managing Director, NHPC, and VUCL Managing Director Surya Prasad Rijal. The signing of this MOU is a landmark step towards India-Nepal Joint Vision on Power Sector Cooperation. The project will use the flow from the Karnali River for power generation and the generated power will be fed into the ...

NHPC Q4 results: 8% increase in profit after tax at Rs 3,834 crore

NHPC power stations generated 24,907 million units of electricity between 2022-2023

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NHPC bags 200MW project worth Rs 1,007.6 cr from Urja Vikas Nigam

State-run hydro power giant NHPC on Wednesday said that it has received a letter of intent to build a 200 MW solar power project worth Rs 1007.60 from Gujarat Urja Vikas Nigam. "Gujarat Urja Vikas Nigam Ltd (GUVNL) had issued a Letter of Intent dated 16.05.2023 to NHPC Limited for 200 MW capacity Solar Power Project within600 MW GSECL's Solar Park at Khavda (GSECL Stage-1)," a BSE filing stated. The estimated financial implication for the said solar power project would be Rs.1,007.60 crore (approximately).

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Stocks to Watch: Index heavyweights Reliance and Bharti Airtel will see some action as the former wages a price war in the broadband connection.

CPSE dividend crosses Rs 50,000 crore for second consecutive year

During the current fiscal year (FY23) so far, Rs 50,279 crore has come as dividends from CPSEs

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NHPC pays interim dividend of Rs 997.75 crore to govt for 2022-23

State-owned hydro power giant NHPC has paid an interim dividend of Rs 997.75 crore to the government for 2022-23. "NHPC has paid an interim dividend of Rs 997.75 crore to government of India for the financial year 2022-23 on 2nd March 2023," a company statement said. The NHPC had already paid Rs 356.34 crore to the government during the current fiscal 2022-23 on account of final dividend for the financial year 2021-22. Thus, the NHPC has paid total dividend of Rs 1,354.09 crore to the government during the financial year 2022-23. NHPC today has more than eight lakh shareholders and total interim dividend pay-out for the financial year 2022-23 worked out to Rs 1,406.30 crore. NHPC had earned a net profit of Rs 3,264.32 crore for the nine months ended FY23 as against the previous period corresponding figure of Rs 2,977.62 crore. The company had earned a net profit of Rs 3,537.71 crore for the financial year 2021-22.

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NHPC's Rs 32k-cr hydel project near China border gets Centre's approval

The approved investment includes Rs 6,720 crore of government support for flood moderation and enabling infrastructure, such as roads and bridges connecting the construction site

India approves $3.9 bn hydropower project near China border in northeast

Dibang, which will be built over more than 5,000 hectares (12,360 acres) of forest land, faces similar risks, according to Himanshu Thakkar, coordinator for nonprofit South Asia Network on Dams, River

NHPC raises Rs 996 crore through issuance of non-convertible bonds

State-owned hydro power giant NHPC on Monday raised Rs 996 crore through the issuance of non-convertible bonds on private placement basis. "NHPC Limited has raised Rs 996 crore on February 20, 2023 through unsecured, redeemable, non-convertible, non-cumulative and taxable 7.59 per cent AD series bonds on private placement basis," according to a filing. The bonds are proposed for listing at Wholesale Debt Market (WDM) segment of BSE and National Stock Exchange (NSE).

NHPC shareholders approve Rajeev Kumar Vishnoi's appointment as CMD

State-run hydro power giant NHPC has received the approval of shareholders for the appointment of Rajeev Kumar Vishnoi as its Chairman and Managing Director. "The votes cast by the members of the company in favour of the resolution(s) are more than the requisite majority, and therefore, the resolutions are deemed to be passed," a BSE filing stated. The shareholders also approved the appointment of Mohammad Afzal, Joint Secretary, Ministry of Power, as Government Nominee Director on the Board of the Company. The Ministry of Power on December 13, 2022, communicated the ex-post facto approval of competent authority to entrust the additional charge of the post of Chairman & Managing Director (CMD), NHPC to Rajeev Kumar Vishnoi, who is also CMD, THDC India Ltd, for a period of six months from September 1, 2022, or till the appointment of a regular incumbent to the post, or until further orders, whichever is the earliest. Vishnoi assumed the charge of the post of NHPC Chairman & ...

NHPC net profit declines 12.59% to Rs 776 crore for December quarter

State-owned hydro power giant NHPC has posted a 12.59 per cent decline in its consolidated net profit to Rs 775.99 crore for the December 2022 quarter, mainly due to higher expenses. The consolidated net profit of the company was Rs 887.76 crore in the quarter ended December 2021, showed a BSE filing on Tuesday. Its total income rose to Rs 2,691.34 crore in the quarter from Rs 2,373.72 crore a year ago. Expenses increased to Rs 1,303.06 crore from Rs 1,259.28 crore in the year-ago period. The board of the company has also announced the interim dividend at the rate of 14 per cent (Rs 1.40 per equity share) on the face value of paid-up equity shares of Rs 10 each for the financial year 2022-23.

NHPC appoints Mohammand Afzal as govt nominee director on its board

State-owned hydro power giant NHPC on Wednesday said its board has appointed Mohammad Afzal as government nominee director from December 6, 2022. "Board of Directors through resolution by circulation passed on December 6, 2022, has appointed Mohammad Afzal as Government Nominee Director on Board of the Company from December 6, 2022," a BSE filing said. The company also informed that Afzal is not related to any of the directors of the company and not debarred from holding the office of director by virtue of any order of the Securities and Exchange Board of India or any other such authority. Afzal is presently working as Joint Secretary (Transmission) in the Ministry of Power.

NTPC, Tata Motors: Analysts bet on renewable energy stocks for long-haul

Analysts see the renewable energy sector as a long-term structural play given the growing climate awareness and the government's efforts towards adoption of green energy sources