Business description: NHPC Limited

NHPC Limited is an India-based company, which is primarily engaged in the generation and sale of bulk power to various power utilities. The Company’s other business activities include project management / construction contracts/ consultancy assignment services and trading of power. It has installed capacity of 7144.20 megawatts (MW) including 1593 MW in joint venture, comprising 6971.20 MW from 22 hydro power stations, 123 MW from three solar power project and 50 MW from a wind power project. The Company’s power stations include Salal, Dulhasti, Kishanganga HEP, Chutak, Baira Siul, Tanakpur, Dhauliganga, Rangit, Loktak, Indira Saga, Chamera-I, Uri-I, Omkareshwa, and others. Its consultancy services offer survey and investigation, planning, design and engineering, construction, operation and maintenance, renovation, modernization and updating of hydropower projects. Its subsidiaries include NHDC Limited, Bundelkhand Saur Urja Limited, Lanco Teesta Hydro Power Limited, and others.

Number of employees: 4,240

Sales by Activity: NHPC Limited

Fiscal Period: March 2021 (INR) 2022 (INR) 2023 (INR) 2024 (INR) 2025 (INR)

Sale of Power

7.64TCr 7.79TCr 9.21TCr 8.1TCr 9.27TCr

Unallocated Income from Finance Lease

899.08Cr 865.51Cr 841.83Cr 804.33Cr 786.05Cr

Unallocated Income from Operating Lease

712Cr 384.07Cr 392.41Cr 332.22Cr 287.29Cr

Unallocated Interest from Beneficiary States - Revision of Tariff

152.64Cr 26Cr 124.94Cr 375.07Cr 3.36Cr

Unallocated Income on Account of Generation Based Incentive (GBI)

2.96Cr 3.61Cr 3.68Cr 3.41Cr 2.65Cr

Unallocated Income On Account of Sale of Scrap

- - - 1.2Cr -

Unallocated Income from Sale of Self Generated VERs/REC

1.92Cr 53Cr - - -

Power Trading

216.48Cr 45Cr 4.6Cr 12Cr 22Cr

Project Management and Consultancy Works

21Cr 23Cr 30Cr 6.85Cr 6.3Cr

Geographical breakdown of sales: NHPC Limited

Fiscal Period: March 2021 (INR) 2022 (INR) 2023 (INR) 2024 (INR) 2025 (INR)

India

9.65TCr 9.19TCr 11TCr 9.63TCr 10TCr

Others

16L 59L 27L 41L 40L

Executive Committee: NHPC Limited

Manager TitleAgeSince
Chief Executive Officer - 04/09/2025
Director of Finance/CFO - 17/10/2025
Compliance Officer - 24/09/2021
Chief Tech/Sci/R&D Officer - 16/04/2025
General Counsel - 01/05/2024

Composition of the Board of Directors: NHPC Limited

Director TitleAgeSince
Director/Board Member - 06/12/2022
Director/Board Member - 13/06/2023
Director/Board Member - 01/05/2024
Director/Board Member - 16/04/2025
Chairman - 04/09/2025
Director/Board Member - 01/02/2026

Shareholders: NHPC Limited

NameEquities%Valuation
Government of India
67.46 %
6,77,67,05,236 67.46 % 5 264 M ₹
1.022 %
10,26,79,475 1.022 % 80 M ₹
Nippon Life India Asset Management Ltd. (Invt Mgmt)
0.9683 %
9,72,69,632 0.9683 % 76 M ₹
HDFC Asset Management Co. Ltd. (Invt Mgmt)
0.4237 %
4,25,56,050 0.4237 % 33 M ₹
SBI Funds Management Ltd. (Investment Management)
0.4065 %
4,08,36,848 0.4065 % 32 M ₹

Holdings: NHPC Limited

NameEquities%Valuation
1,20,00,000 4.05% 20 M $

Company details: NHPC Limited

NHPC Ltd.

NHPC Office Complex

121003, Faridabad

+91 12 9258 8500

http://www.nhpcindia.com
address NHPC Limited(NHPC)

Group companies: NHPC Limited

NameCategory and Sector
Alternative Power Generation
Alternative Power Generation
Ratle Hydroelectric Power Corp. Ltd.
Ratle Hydroelectric Power Corp. Ltd.
Electric Utilities

Hydroelectric & Tidal Utilities

Change 5d. change 1-year change 3-years change Capi.($)
-0.24%+2.26%-8.32%+94.34% 887.26Cr
+1.08%+2.69%-7.44%+28.82% 9.73TCr
+0.17%-4.64%+53.71%+86.61% 3.67TCr
-6.36%-7.43%+48.78%+4.87% 2.22TCr
+2.55%+6.84%+63.59%+88.31% 1.21TCr
+0.80%+5.27%-8.72%+9.37% 1.08TCr
-1.06%+1.45%-1.32%+5.87% 874.26Cr
-0.35%+0.36%+44.80%+1.22% 658.84Cr
+0.75%-.--%-.--%-.--% 440.35Cr
0.00%0.00%0.00%0.00% 196.56Cr
Average -0.27%+0.89%+18.51%+31.94% 2.1TCr
Weighted average by Cap. -0.01%+0.61%+15.33%+38.89%
Trader
Investor
Global
Quality
ESG MSCI
BBB
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
7
Last Close Price
82.63INR
Average target price
89.57INR
Spread / Average Target
+8.40%

Quarterly revenue - Rate of surprise