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Business Upturn
12 hours ago
- Business
- Business Upturn
NHPC declares COD for 3rd phase of Karnisar Solar Power Project in Bikaner
NHPC Limited has announced the commencement of commercial operations for the third phase of its 300 MW Karnisar Solar Power Project in Bikaner, Rajasthan. Following the successful completion of the trial run on June 5, 2025, the company declared the Commercial Operation Date (COD) for the third phase—adding 53.57 MW of capacity—effective June 7, 2025. With this milestone, the total commercially operational capacity of the Karnisar Solar Power Project now stands at 160.71 MW out of the planned 300 MW. This phased commissioning highlights NHPC's continued commitment to expanding its renewable energy portfolio and supporting India's clean energy transition. The project is a part of NHPC's broader strategy to diversify its energy mix beyond hydropower and contribute significantly to the nation's solar capacity. It aligns with India's ambitious renewable energy goals and showcases NHPC's growing presence in the solar sector. NHPC Q4 Results NHPC has reported a strong 52% year-on-year (YoY) jump in its consolidated net profit to ₹919.63 crore for the fourth quarter ended March 2025, compared to ₹605 crore in the same quarter last year. According to the company's regulatory filing, the impressive performance was primarily driven by a rise in total income, which grew to ₹2,672.11 crore in Q4 FY25 from ₹2,320.18 crore in Q4 FY24. Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Economic Times
21-05-2025
- Business
- Economic Times
NHPC shares in focus after Q4 PAT jumps 52% YoY
Shares of NHPC are likely to be in focus on Wednesday, after the company posted a 52% year-on-year (YoY) rise in its consolidated net profit, which increased to Rs 919.63 crore from Rs 605 crore reported in the same quarter last year. ADVERTISEMENT NHPC also recorded a rise in its total income for the quarter, which stood at Rs 2,672.11 crore, up from Rs 2,320.18 crore in Q4 FY2024. The company announced its Q4 results on Tuesday, wherein it also declared a dividend of Rs 5.10 per share for its shareholders. 'It is to inform that the Board of Directors of NHPC Limited in its meeting held today i.e. Tuesday, May 20, 2025 (meeting commenced at 7:40 P.M. and concluded at 9.00 P.M.) had inter-alia considered and approved the following: Recommended final dividend @ 5.10% of face value of Rs.10/- per share (Re. 0.51/- per equity share) on the paid-up share capital of the Company for the FY 2024-25, subject to approval of shareholders in the ensuing Annual General Meeting,' the company said in an exchange filing. Also read: Eternal shares could see $1.3 billion FII outflow, MSCI exclusion. Jefferies explains why NHPC share price history ADVERTISEMENT The stock of NHPC has declined by 11.53% over the past 1 year. However, it has gained 5.69% on a year-to-date (YTD) basis and 8.37% over the last 6 months. In the past 3 months, the stock rose by 8.52%, while over the last 1 month, it registered a gain of 1.91%.The shares of NHPC closed 2.7% lower at Rs 86.60 on the BSE in the previous trading session. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Business Upturn
23-04-2025
- Business
- Business Upturn
NHPC board approves Rs 2,000 crore bond issue, greenlights Rs 797 crore solar park in Uttar Pradesh
By Aditya Bhagchandani Published on April 23, 2025, 22:04 IST NHPC Limited, India's hydropower major, has announced that its Board of Directors has approved raising up to Rs 2,000 crore through the private placement of Unsecured, Redeemable, Taxable, Non-Convertible, Non-Cumulative AF-Series Bonds in one or more tranches. The move is part of its borrowing plan for FY26. In addition, the board has cleared the development of a 1200 MW solar park in Jalaun district, Uttar Pradesh, through its subsidiary Bundelkhand Saur Urja Limited (BSUL), in collaboration with the Uttar Pradesh New & Renewable Energy Development Agency. The estimated project cost is Rs 796.96 crore, including an equity investment of Rs 239.09 crore from NHPC. The project will be executed under MNRE's Mode-8 UMREPP scheme. The board has also recommended the appointment of M/s Akhil Rohatgi & Co., Company Secretaries, as NHPC's Secretarial Auditor for a period of five financial years (FY26–FY30), subject to shareholder approval. The board meeting took place on April 23 and concluded by 8:30 PM. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
