NHPC Ltd Share Price – NSE  /  BSE

Power Generation & Distribution, Mid Cap

The company approved raising funds through issuance of secured/ unsecured, redeemable, taxable, non-cumulative non-convertible corporate bonds in one or more series/tranches on private placement basis and/or raising of term loans/external commercial borrowings (ECB) in suitable tranches.

Further, the board approved closure of Loktak Downstream Hydroelectric Corporation (a subsidiary company of NHPC and joint venture with Government of Manipur), subject to the approval of DIPAM, Ministry of Power and Manipur Government.

NHPC is the largest organization for hydropower development in India. It has also diversified in the field of solar & wind power. As of 31 December 2023, the Government of India held 70.95% stake in the company.

The power generation company reported 26.76% decline in consolidated net profit to Rs 491.90 crore in Q3 FY24 from Rs 671.67 crore recorded in Q3 FY23. Revenue from operations decreased 20.41% year on year (YoY) to Rs 2,055.50 crore in the quarter ended 31 December 2023.

Powered by Capital Market - Live News

NHPC will hold a meeting of the Board of Directors of the Company on 27 March 2024.

Powered by Capital Market - Live News

“Meeting of board of directors of the company is scheduled to be held on Wednesday, 27th March, 2024 to inter-alia consider the proposal for raising of debt during financial years 2023-24 and 2024-25,” NHPC stated in press release.

NHPC is the largest organization for hydropower development in India. It has also diversified in the field of solar & wind power. As of 31 December 2023, the Government of India held 70.95% stake in the company.

The power generation company reported 26.76% decline in consolidated net profit to Rs 491.90 crore in Q3 FY24 from Rs 671.67 crore recorded in Q3 FY23. Revenue from operations decreased 20.41% year on year (YoY) to Rs 2,055.50 crore in the quarter ended 31 December 2023.

The scrip rose 0.58% to ends at Rs 82.92 on 20 March 2024.

Powered by Capital Market - Live News

The estimated financial implication for the said solar power project would be Rs 846.66 crore.

NHPC is the largest organization for hydropower development in India. It has also diversified in the field of solar & wind power. As of 31 December 2023, the Government of India held 70.95% stake in the company.

The power generation company reported 26.76% decline in consolidated net profit to Rs 491.90 crore in Q3 FY24 from Rs 671.67 crore recorded in Q3 FY23. Revenue from operations decreased 20.41% year on year (YoY) to Rs 2,055.50 crore in the quarter ended 31 December 2023.

Shares of NHPC declined 2.03% to Rs 83.30 on the BSE.

Powered by Capital Market - Live News