President of India-Backed Power Generation Company Signs Agreements for 2 Hydropower Projects Worth 500 MW in Jammu & Kashmir
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The stock price has surged over 96.67 per cent in the last 3 years. It has delivered approximately 7.10 per cent returns from its 52-week low of Rs 71.62 per share.
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On Friday, shares of NHPC Ltd fell 0.65 per cent to Rs 76.70 per share from its previous closing of Rs 77.20 per share. The stock’s 52-week high is Rs 92.34 per share and its 52-week low is Rs 71.62 per share. The stock surged approximately 1.40 per cent to its Intraday high of Rs 78.28.
In continuation of its earlier disclosure dated February 20, 2026, and in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, NHPC Ltd has informed that it has signed an Implementation Agreement with Jammu & Kashmir State Power Development Corporation Ltd (JKSPDCL).
The agreement, signed on March 27, 2026, at Jammu, is for the development of two hydroelectric projects — the 240 MW Uri-I Stage-II and the 260 MW Dulhasti Stage-II projects — in the Union Territory of Jammu & Kashmir. Together, these projects will add a total capacity of 500 MW.
Both projects will be developed by NHPC Ltd on a BOOT (Build-Own-Operate-Transfer) basis for a period of 40 years, strengthening the company’s long-term presence in India’s hydropower sector.
NHPC Ltd, a Navratna public sector enterprise, is the Government of India’s flagship hydroelectric generation company. The company primarily focuses on the generation and sale of bulk power to various utilities. In addition, it is involved in project management, Construction contracts, consultancy assignments, and power trading.
As of Q3 FY25, NHPC Ltd has an installed capacity of 7,233 MW, including hydro and renewable energy sources. The company is among India’s largest hydropower producers, with 6,971 MW of hydropower capacity, accounting for around 15 per cent of the country’s total. It operates 28 power stations spread across 15 states and 2 Union Territories.
The company has a market cap of over Rs 77,045.42 crore. The stock price has surged over 96.67 per cent in the last 3 years. It has delivered approximately 7.10 per cent returns from its 52-week low of Rs 71.62 per share.
Disclaimer: The article is for informational purposes only and not investment advice.