NHPC Ltd Share Price – NSE /  BSE

Power Generation & Distribution, Mid Cap

NHPC had earlier entered into a Memorandum of Understanding (MoU) with Department of Energy, Govt. of Maharashtra for establishment of Energy Storage Systems (Pumped Storage Systems) along with Other Renewable Energy Source (like Solar/ Wind/ Hybrid etc.) with a total capacity of 7,350 MW.

Now, pursuant to issuance of corrigendum dated 31 July 2024 with respect to Policy for development of Pumped Storage Projects (PSPs), PSPs cum LIS and co-located PSP-Solar/ Other Renewable Energy Hybrid Projects through Public Private Partnership by Department of Water Resources (WRD), Govt. of Maharashtra, the earlier MoU has been signed once again with WRD, Govt. of Maharashtra on 03 September 2024 to establish Pumped Storage Project(s) viz. Kengadi (1,550 MW), Savitri (2,250 MW), Kalu (1,150 MW), Jalond (2,400 MW) in Maharashtra with total capacity of 7,350 MW.

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Net profit of NHPC declined 0.80% to Rs 1028.60 crore in the quarter ended June 2024 as against Rs 1036.86 crore during the previous quarter ended June 2023. Sales declined 2.29% to Rs 2694.20 crore in the quarter ended June 2024 as against Rs 2757.26 crore during the previous quarter ended June 2023.

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NHPC announced that the 48th Annual General Meeting(AGM) of the company will be held on 28 August 2024.

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NHPC has fixed 12 August 2024 as record date for determining entitlement of members to receive final dividend of Rs 0.50 per share for FY 2023-24, if declared at the AGM.

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