NHPC Ltd

NHPC announced that an Implementation Agreement has been signed between NHPC and Jammu & Kashmir State Power Development Corporation (JKSPDCL) for development of the 240 MW Uri-I Stage-II and 260 MW Dulhasti Stage-II Hydroelectric Projects in UT of Jammu & Kashmir on 27.03.2026 at Jammu. The projects will be developed by NHPC on BOOT (Build-OwnOperate-Transfer) basis for a period of 40 years. Powered by Capital Market - Live

The key equity benchmarks traded with sharp losses in early afternoon trade amid weak global cues amid escalating tensions in the Middle East and rising crude oil prices. Investor sentiment remained fragile, continuing to weigh on overall risk appetite. The Nifty traded around the 23,250 mark. Auto shares declined after advancing for three consecutive trading sessions. At 12:25 IST, the barometer index, the S&P BSE Sensex tumbled 1654.87 points or 2.16% to 75,040.89. The Nifty 50 index plunged 525.35 points or 2.21% to 23,252.45. The broader market underperformed the frontline indices. The BSE 150 MidCap Index declined 2.14% and the BSE 250 SmallCap Index dropped 1.78%. The market breadth was strong. On the BSE, 1,104 shares rose and 2,872 shares fell. A total of 187 shares were unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, declined 4.11% to 18.98. In the commodities market, Brent crude for May 2026 settlement surged $5.89 or 5.49% to $113.27 a barrel following Israel attacked Iran's South Pars gas field on Wednesday, prompting retaliatory missile attacks from Tehran on Qatar's Ras Laffan liquefied natural gas terminal. Derivatives: The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, surged 14.51% to 21.44. The Nifty 30 March 2026 futures were trading at 23,275, at a premium of 22.55 points as compared with the spot at 23,252.45. The Nifty option chain for the 30 March 2026 expiry showed a maximum call OI of 48.6 lakh contracts at the 24,000 strike price. Maximum put OI of 43.6 lakh contracts was seen at the 22,000 strike price. West Asia Conflict: The Middle East war continues to escalate, keeping investors on edge. US President Donald Trump on Wednesday warned that Iran's key South Pars gas field could be destroyed if there are any further attacks targeting Qatar's main gas facility. The warning came as Qatar said Iranian missile strikes had caused extensive damage to additional LNG sites in the energy-rich Gulf nation. Israeli defence minister Israel Katz said 'significant surprises' are ahead after Iran's intelligence minister Esmail Khatib was killed in an overnight strike. Iran condemned the attack on its South Pars gas field, with President Masoud Pezeshkian warning of 'uncontrollable consequences' that could 'engulf the entire world.' Buzzing Index: The Nifty Auto index declined 3.17% to 24,787.20. The index surged 6.01% in the three consecutive trading sessions. Samvardhana Motherson International (down 4.48%), Ashok Leyland (down 3.91%), Bharat Forge (down 3.82%), Tata Motors Passenger Vehicles (down 3.59%), TVS Motor Company (down 3.26%), Eicher Motors (down 3.2%), Maruti Suzuki India (down 3.13%), Hero MotoCorp (down 2.84%), Mahindra & Mahindra (down 2.71%) and Uno Minda (down 2.59%) tumbled. Stocks in Spotlight: NHPC rose 0.45%. The company announced that its board of directors has scheduled a meeting on Wednesday, 25 March 2026, to consider a proposal regarding its borrowing plan for the financial year 2026'27. Nazara Technologies declined 1.47%. The company's 'wholly owned subsidiary, Nazara Technologies UK, has signed definitive agreements to acquire a 50% controlling stake in Bluetile Games S.L. and BestPlay Systems S.L. for a consideration of $100.3 million (around Rs 918 crore).Powered by Capital Market - Live

The proposal includes raising funds through secured or unsecured corporate bonds, term loans, and external commercial borrowings (ECBs). NHPC, a Navratna Ratna 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 0.25% to settle at Rs 77.53 on the BSE. Powered by Capital Market - Live

NHPC will hold a meeting of the Board of Directors of the Company on 25 March 2026.Powered by Capital Market - Live

The board cleared the implementation of Uri-I Stage-II hydro electric (HE) Project (240 MW) at an estimated completion cost of Rs 2,708.95 crore. The project cost includes Rs 264.31 crore for IDC and grant of Rs 26.20 crore for enabling infrastructure. The construction start date has been considered as March 1, 2026. In addition, the board also approved an investment proposal of Dulhasti Stage-II HE Project (260 MW) at a completion cost of Rs 2,993.96 crore including Rs 289.06 crore for IDC and Rs 245.00 crore for enabling infrastructure, with construction also slated to commence from 1 March 2026. Both investments are subject to the signing of implementation agreement between NHPC and Government of Jammu & Kashmir / JKSPDC & other requisite approvals, if any. NHPC, a Navratna Ratna 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 scrip rose 0.08% to settle at Rs 74.43 on the BSE.Powered by Capital Market - Live

Total income declined 4.74% year-on-year to Rs 2,492.83 crore for the quarter ended 31 December 2025. Loss before tax and regulatory deferral account balances widened to Rs 282.20 crore in Q3 FY26 from a profit of Rs 400.57 crore in Q3 FY25. During Q3 FY26, total expenses increased 25.19% YoY to Rs 2,775.99 crore. Depreciation and amortization expenses stood at Rs 456.61 crore (up 53.89% YoY), and employee benefits expenses were Rs 346.41 crore (down 49.55% YoY) during the period under review. On the margins front, the company's operating margin declined to 26.38% in Q3 FY26 from 33.62% in Q3 FY25. The net profit margin remained flat at 14.44% in Q3 FY26, unchanged from the corresponding quarter last year. Separately, the board approved an interim dividend of 14% (Rs 1.40 per equity share of face value Rs 10) for FY26. February 10, 2026, has been fixed as the record date, and the dividend will be paid within the statutory timeline. The company also proposed the cancellation of the MoU and Promoters' Agreement with Green Energy Development Corporation of Odisha (GEDCOL) for setting up floating solar power projects in Odisha. Further, NHPC proposed the withdrawal of its nominee director from the board of PTC India Ltd and the relinquishment of its promoter status in PTC, in line with the Ministry of Power's office memorandum dated 16 January 2026. NHPC, a Navratna Ratna 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. Shares of NHPC rose 0.80% to currently trade at Rs 78.20 on the BSE.Powered by Capital Market - Live

The board of NHPC at its meeting held on 04 February 2026 has approved the proposal for cancellation of Memorandum of Understanding (MoU) and Promoters' Agreement signed between NHPC and Green Energy Development Corporation of Odisha (GEDCOL) for formation of a JV Company for implementation of floating solar power projects in various water reservoirs in the state of Odisha. Powered by Capital Market - Live

NHPC has fixed 10 February 2026 as record date for payment of interim dividend of Rs 1.40 per share of Rs 10 each for FY 2025-26. Powered by Capital Market - Live

Net profit of NHPC declined 5.24% to Rs 219.12 crore in the quarter ended December 2025 as against Rs 231.23 crore during the previous quarter ended December 2024. Sales declined 2.89% to Rs 2220.73 crore in the quarter ended December 2025 as against Rs 2286.76 crore during the previous quarter ended December 2024. ParticularsQuarter EndedDec. 2025Dec. 2024% Var. Sales2220.732286.76 -3 OPM %9.5344.39 - PBDT1350.49731.07 85 PBT893.88434.36 106 NP219.12231.23 -5 Powered by Capital Market - Live

NHPC announced that the Board of Directors of the Company at its meeting held on 04 February 2026, has recommended a Interim Dividend of Rs.1.40 per share (i.e.14%), subject to the approval of the shareholders.Powered by Capital Market - Live