NHPC Ltd

The OFS, launched by the President of India through the Ministry of Power, comprised a base offer of 30.13 crore shares, representing about 3% of NHPC's equity capital, along with an oversubscription option for another 30.13 crore shares. The total offer size thus increased to 60.27 crore shares, equivalent to around 6% of the company's equity. The issue opened for non-retail investors on 2 June 2026 at a floor price of Rs 71 per share. Investor response was robust. On the first day, bids were received for 94.21 crore shares against the total non-retail offer size of 54.24 crore shares, resulting in a subscription of 173.69%. Bids backed by 100% margin accounted for 36.88 crore shares, while bids without upfront margin stood at 57.33 crore shares. On the second day, which was open to retail investors and non-retail investors carrying forward their bids, the retail portion attracted bids for 11.48 crore shares against the total retail offer size of 6.02 crore shares, translating into a subscription of 190.49%. The non-retail carry-forward segment received bids for 3.12 crore shares, equivalent to 51.79% of the retail offer size. Overall, bids for 14.60 crore shares were received on the second day, resulting in a subscription of 242.28% against the retail portion. The indicative price discovered during the bidding process was Rs 71.51 per share, while the clearing price was fixed at Rs 71.50 per share. The OFS also included a potential employee reservation of 90.40 lakh shares, subject to approval from the competent authority. Eligible employees can apply for shares worth up to Rs 5 lakh under the employee offer. NHPC is India's largest hydropower development company and is engaged in the generation and sale of electricity from hydroelectric, solar and wind power projects. The Government of India remains the promoter and majority shareholder of the company. For the quarter ended March 2026, NHPC reported a 71.05% jump in consolidated net profit to Rs 1,460.16 crore, while revenue from operations rose 19.96% to Rs 2,815.53 crore compared with the corresponding quarter of the previous year. Shares of NHPC rose 3.93% to settle at Rs 75.12 on the BSE today. Powered by Capital Market - Live

The President of India, acting through the Ministry of Power, launched the OFS to divest up to 60.27 crore equity shares in NHPC. The base offer comprises 30.13 crore shares, representing about 3% of the company's equity capital, with an option to sell an additional 30.13 crore shares (3% equity) in case of oversubscription. The OFS opened for non-retail investors on 2 June 2026, with a floor price of Rs 71 per share, implying a discount of 8.02% to the stock's previous closing price. The offer for retail investors will open on the following trading day. As of 9:40 a.m., bids had been received for 6.10 lakh shares in the non-retail category, representing 0.23% of the base non-retail offer size of 27.12 crore shares. The indicative bid price stood at Rs 71.25 per share. The government has reserved up to 6.02 crore shares, including the oversubscription option, for retail investors. The non-retail segment accounts for up to 54.24 crore shares. The OFS also includes a potential employee reservation of 45.20 lakh shares, subject to approval from the competent authority. Eligible employees can apply for shares worth up to Rs 5 lakh under the employee offer. NHPC is India's largest hydropower development company and is engaged in the generation and sale of bulk electricity from hydroelectric, solar and wind power projects. The Government of India remains the company's promoter and majority shareholder with a 67.40% stake. On a consolidated basis, NHPC's net profit surged 71.05% to Rs 1460.16 crore while net sales rose 19.96% to Rs 2815.53 crore in Q4 March 2026 over Q4 March 2025. Powered by Capital Market - Live

NHPC announced that the Board of Directors of the Company at its meeting held on 15 May 2026, inter alia, have recommended the final dividend of Rs 0.21 per equity Share (i.e. 2.1%) , subject to the approval of the shareholders.

Total operating expenses for the period under review were Rs 2,178.82 crore, up 90.8% YoY. The company has recorded interest outgo of Rs 574.28 crore in the March 2026. It had written back interest costs amounting to Rs 12.09 crore in the same period last year. Depreciation charges increased by 104% YoY to Rs 642.01 crore in Q4 FY26. Accordingly, the company posted a pre-tax loss of Rs 273.78 crore in Q4 FY26 as against a pre-tax profit of Rs 1,166.78 crore in Q4 FY25. Tax outgo for the March 2026 quarter was Rs 146.79 crore, down 34.2% YoY. The company also wrote back deferred taxes worth Rs 1,969.99 crore in Q4 FY26. For FY26, the company has recorded net profit and revenue from operations of Rs 3,765.74 crore (up 25.2% YoY) and Rs 11,615.29 crore (up 11.9% YoY), respectively. NHPC is the largest hydropower development organization in India, with capabilities to undertake all the activities from conceptualization to commissioning of hydro projects. NHPC has also diversified in the field of solar & wind energy development, etc. As on 31 March 2026, the Government of India's shareholding in the company was 67.4%. The scrip fell 2.05% to end at Rs 76.81 on the BSE on Friday. Powered by Capital Market - Live

Net profit of NHPC rose 71.05% to Rs 1460.16 crore in the quarter ended March 2026 as against Rs 853.64 crore during the previous quarter ended March 2025. Sales rose 19.96% to Rs 2815.53 crore in the quarter ended March 2026 as against Rs 2346.97 crore during the previous quarter ended March 2025. For the full year,net profit rose 25.25% to Rs 3765.74 crore in the year ended March 2026 as against Rs 3006.67 crore during the previous year ended March 2025. Sales rose 11.90% to Rs 11615.29 crore in the year ended March 2026 as against Rs 10379.86 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales2815.532346.97 20 11615.2910379.86 12 OPM %22.6151.34 -45.0854.28 - PBDT368.231481.52 -75 5869.535960.23 -2 PBT-273.781166.78 PL 3893.684767.19 -18 NP1460.16853.64 71 3765.743006.67 25 Powered by Capital Market - Live

NHPC will hold a meeting of the Board of Directors of the Company on 15 May 2026.

The board of NHPC at its meeting held on 14 April 2026 has approved the proposal for monetization of future cash flow (Return on Equity) of Uri-II & Dhauliganga Power Stations or any other power station(s) for 10 years in single tranche during F.Y. 2026-27.

The company will evaluate the monetization of return on equity (RoE) from one or more power stations for a suitable tenure, likely to be executed in a single tranche during the financial year 2026'27. Meanwhile, the Cabinet Committee on Economic Affairs (CCEA) has approved an investment of Rs 26,069.50 crore for the construction of Kamala Hydro Electric Project (HEP) in Kamle, Kra Daadi & Kurung Kumey, Arunachal Pradesh. The project will have an installed capacity of 1,720 MW (8x210 MW and 1x40 MW) and is expected to generate about 6,870 million units (MUs) of electricity annually. The estimated completion period for the project is 96 months. NHPC, a Navratna public sector utility, is the Government of India's flagship hydroelectric generation company. The 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. The company reported a consolidated net profit of Rs 320.60 crore in Q3 FY26, down 2.89% as against Rs 330.13 crore in Q3 FY25. Total income declined 4.74% year-on-year to Rs 2,492.83 crore for the quarter ended 31 December 2025. The counter rose 0.47% to Rs 77.46 on the BSE.

NHPC will hold a meeting of the Board of Directors of the Company on 14 April 2026.

The project will be implemented through a joint venture company between NHPC and the Govt. of Arunachal Pradesh. The project will have an installed capacity of 1,720 MW (8x210 MW and 1x40 MW) and is expected to generate about 6,870 million units (MUs) of electricity annually. The estimated completion period for the project is 96 months. The Government of India shall extend Rs 4,743.98 crore as budgetary support towards flood moderation component and Rs 1,340 crore as budgetary support for enabling infrastructure viz. construction of roads, bridges and associated transmission system besides Central Financial Assistance of Rs 750 crore towards the equity share of the state. NHPC, a Navratna public sector utility, is the Government of India's flagship hydroelectric generation company. The 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. The company reported a consolidated net profit of Rs 320.60 crore in Q3 FY26, down 2.89% as against Rs 330.13 crore in Q3 FY25. Total income declined 4.74% year-on-year to Rs 2,492.83 crore for the quarter ended 31 December 2025.