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NHPC Share Price, Full Form, Company Details, Wikipedia, More
NHPC SHARE PRICE
As of 2024, NHPC’s share price has shown some interesting trends. Here are some key points:
- Opening Price: The share price of NHPC on January 1, 2024, was ₹963.64.
- Closing Price: By December 31, 2024, the share price had risen to ₹984.8, reflecting a positive return of 33.24% for the year.
- 52-Week High: The highest share price recorded in 2024 was ₹117.79.
- 52-Week Low: The lowest share price recorded in 2024 was ₹56.7.
- Market Cap: NHPC’s market capitalization stood at approximately ₹852,522 crore.
- Dividend Yield: The dividend yield for NHPC shares was around 2.24%.
Overall, NHPC’s share price performance in 2024 was quite positive, with a significant increase over the year.
NHPC Limited’s shares are a significant part of the Indian stock market, listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) under the ticker symbol “NHPC.” The company’s IPO in August 2009 marked a milestone, attracting widespread investor interest and raising substantial capital for its expansion plans.
The shares of NHPC have consistently drawn attention due to the company’s strong financial performance, steady dividend payouts, and robust business model focused on renewable energy. As a public sector enterprise, NHPC enjoys government support, which adds to its stability and attractiveness for long-term investors.
NHPC shares are primarily influenced by factors like power sector policies, renewable energy targets, and the company’s operational performance. Its diversification into solar and wind energy projects has further boosted investor confidence, aligning with India’s renewable energy goals.
With a market capitalization in the large-cap segment, NHPC shares are often favored by institutional investors seeking exposure to India’s growing renewable energy sector. Steady revenue growth, backed by operational projects and upcoming ventures like the Subansiri Lower Hydroelectric Project, make NHPC shares a reliable choice for investors looking for a blend of growth and sustainability in their portfolios.
25 Facts About NHPC Limited
1. Establishment Year
NHPC was established in 1975 as a government enterprise with the aim of developing and promoting hydropower projects in India.
2. Full Form
The full form of NHPC is National Hydroelectric Power Corporation. It was renamed NHPC Limited in 2008 to reflect its expanded focus on renewable energy beyond hydropower.
3. Headquarters
NHPC’s headquarters is located in Faridabad, Haryana, India.
4. Ownership
NHPC is a public sector enterprise, with the Government of India holding the majority stake.
5. Status
NHPC was granted Miniratna Category-I status in 1997, recognizing its financial and operational independence.
6. Core Business
The company specializes in the generation of hydropower and is a leading player in India’s renewable energy sector.
7. Installed Capacity
NHPC has an installed capacity of 7,097.2 MW across 24 power stations as of 2024, with additional projects under construction.
8. Renewable Energy Expansion
NHPC has diversified into solar and wind energy, developing projects to support India’s renewable energy goals.
9. Subansiri Lower Hydroelectric Project
The Subansiri Lower Project (2,000 MW), straddling Arunachal Pradesh and Assam, is one of NHPC’s largest ongoing projects.
10. IPO Milestone
NHPC launched its Initial Public Offering (IPO) in August 2009, raising significant capital and being listed on the BSE and NSE.
11. Global Presence
NHPC has extended its operations internationally, providing consultancy services for hydropower projects in countries like Nepal, Bhutan, and Myanmar.
12. Research and Development
NHPC invests in R&D to enhance hydropower generation efficiency and explore eco-friendly technologies.
13. Largest Project
The Teesta-V Hydroelectric Project (510 MW) in Sikkim is one of NHPC’s most significant operational projects, contributing extensively to regional energy needs.
14. Environmental Initiatives
NHPC emphasizes sustainability through afforestation drives, wildlife conservation efforts, and eco-friendly construction methods.
15. Employment Contribution
The company employs over 5,000 professionals, providing direct and indirect job opportunities, especially in remote project areas.
16. Community Development
NHPC undertakes CSR initiatives in education, healthcare, and skill development for communities in project-affected regions.
17. Loktak Hydroelectric Project
The Loktak Project (105 MW) in Manipur is NHPC’s first hydroelectric project in Northeast India and remains crucial for the region’s energy supply.
18. Revenue
NHPC reported annual revenues exceeding ₹10,000 crores in recent years, highlighting its financial robustness.
19. Contribution to Rural Electrification
NHPC has played a key role in rural electrification, bringing electricity to remote and underserved areas across India.
20. Tallest Victory Tower
The company commemorates its achievements with structures like the Fateh Burj, highlighting India’s energy self-reliance efforts.
21. Consultancy Services
NHPC offers consultancy services in project planning, design, and implementation, including feasibility studies for hydropower projects.
22. Disaster Relief Efforts
The company has contributed significantly to disaster relief efforts, particularly during floods and earthquakes in India.
23. Renewable Energy Targets
NHPC aligns its projects with India’s ambitious target of achieving 500 GW of renewable energy capacity by 2030.
24. Educational Partnerships
NHPC collaborates with technical institutions and universities to offer training programs and scholarships, promoting education in engineering and renewable energy.
25. Future Plans
NHPC aims to achieve an installed capacity of 10,000 MW in the coming years, with a balanced focus on hydropower and other renewable energy sources like solar and wind.
NHPC Limited
NHPC Limited, formerly known as National Hydroelectric Power Corporation, is a premier organization in India specializing in the development of hydropower projects. Established in 1975, NHPC has grown into one of the largest hydropower companies in India, contributing significantly to the country’s energy sector. With a vision of achieving sustainable growth through clean energy, NHPC has become synonymous with hydropower development in India.
This essay explores NHPC’s history, objectives, operations, projects, achievements, challenges, and its future outlook, offering an in-depth analysis of its pivotal role in India’s renewable energy sector.
1. Historical Background
NHPC was incorporated in November 1975 with the primary objective of planning, promoting, and organizing the development of hydroelectric power projects. Initially, the corporation focused on executing projects assigned by the Indian government. Over time, it diversified into other areas of renewable energy, including solar and wind power, expanding its scope beyond hydropower.
The organization was granted Miniratna Category-I status in 1997, recognizing its operational and financial independence. In 2009, NHPC went public, marking a significant milestone by listing on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
2. Objectives and Vision
NHPC’s objectives align with India’s focus on sustainable and clean energy development. Its mission and vision include:
- Harnessing Hydropower Potential: Developing India’s vast hydropower potential to meet the growing demand for energy.
- Promoting Renewable Energy: Diversifying into solar, wind, and other renewable energy sources.
- Sustainability: Prioritizing environmental conservation while executing projects.
- Social Responsibility: Contributing to community development and upliftment in project areas.
- Global Expansion: Exploring opportunities for energy development beyond India.
3. Operational Scope
NHPC primarily focuses on hydroelectric power generation but has expanded its portfolio to include other forms of renewable energy. Its operations can be categorized as follows:
a. Hydropower Generation
Hydropower remains NHPC’s core area of expertise. The company has commissioned numerous hydroelectric projects across India, contributing significantly to the country’s total installed capacity.
b. Renewable Energy Projects
In recent years, NHPC has ventured into solar and wind energy projects to diversify its energy portfolio. This aligns with India’s commitment to achieving 500 GW of renewable energy capacity by 2030.
c. Consultancy Services
NHPC also offers consultancy services for hydropower and other infrastructure projects, both domestically and internationally. These services include project planning, feasibility studies, design, and implementation.
d. Research and Development
The company invests in R&D to improve the efficiency of its operations and adopt innovative technologies. This includes developing eco-friendly power generation methods and improving the lifespan of existing infrastructure.
4. Key Projects
NHPC has successfully executed several notable projects, which have significantly contributed to India’s energy needs.
a. Operational Projects
- Teesta-V Hydroelectric Project (510 MW): Located in Sikkim, this project is a significant achievement for NHPC, harnessing the Teesta River’s energy.
- Chamera Projects: A series of hydroelectric projects on the Ravi River in Himachal Pradesh, generating substantial power for the northern grid.
- Loktak Hydroelectric Project (105 MW): Situated in Manipur, this is NHPC’s first project in Northeast India and remains vital for the region’s energy supply.
b. Under Construction Projects
- Subansiri Lower Hydroelectric Project (2,000 MW): This ambitious project on the Subansiri River, straddling Arunachal Pradesh and Assam, is expected to be one of the largest hydropower plants in India.
- Pakal Dul Project (1,000 MW): Located in Jammu and Kashmir, this project will play a crucial role in meeting the region’s energy demands.
c. Renewable Energy Projects
NHPC is developing large-scale solar parks and wind energy projects in states like Rajasthan and Tamil Nadu, contributing to India’s renewable energy targets.
5. Achievements and Contributions
a. Installed Capacity
NHPC has an installed capacity of over 7,000 MW from its hydropower plants, with additional capacity under construction. This constitutes a significant portion of India’s renewable energy generation.
b. Environmental Conservation
NHPC has integrated sustainable practices into its operations, focusing on minimizing the environmental impact of its projects. Initiatives like afforestation, wildlife conservation, and eco-friendly construction methods underscore its commitment to environmental sustainability.
c. Rural Electrification
The company has been instrumental in rural electrification, providing electricity to remote areas and improving the quality of life for millions of people.
d. Economic Impact
NHPC’s projects have created thousands of jobs and spurred economic growth in the regions where it operates. Infrastructure development, such as roads and bridges, in these areas is another positive outcome.
6. Challenges Faced by NHPC
Despite its achievements, NHPC encounters several challenges in its operations:
a. Environmental Concerns
Hydropower projects often face criticism for their impact on ecosystems, including deforestation, displacement of communities, and alterations to river flow. Balancing development with environmental conservation remains a significant challenge.
b. Geological and Technical Issues
Constructing hydroelectric plants in mountainous regions poses geological risks, including landslides and earthquakes. Technical challenges like sedimentation and maintenance of older projects also affect operations.
c. Regulatory Hurdles
Lengthy approval processes for projects, including environmental clearances and land acquisition, delay implementation and increase costs.
d. Community Resistance
Projects often face resistance from local communities due to concerns over displacement, loss of livelihoods, and environmental degradation.
e. Climate Change
Changing rainfall patterns and glacial retreat due to climate change affect water availability for hydropower generation, posing a long-term threat to the sector.
7. Corporate Social Responsibility (CSR)
NHPC is deeply committed to social responsibility, undertaking various initiatives to uplift communities and protect the environment.
a. Community Development
NHPC implements programs in education, healthcare, and skill development in project-affected areas. These initiatives aim to improve the living standards of local populations.
b. Environmental Initiatives
The company conducts afforestation drives, promotes biodiversity conservation, and invests in clean technologies to mitigate its environmental impact.
c. Disaster Management
NHPC contributes to disaster relief efforts, particularly in regions affected by floods or earthquakes, showcasing its commitment to national welfare.
8. Future Outlook
a. Expansion Plans
NHPC aims to increase its installed capacity to over 10,000 MW in the coming years through new hydropower and renewable energy projects. The Subansiri Lower Project and other ongoing initiatives are expected to significantly contribute to this goal.
b. Renewable Energy Focus
With India’s ambitious target of achieving 50% of its energy requirements from renewable sources by 2030, NHPC is ramping up its solar and wind energy initiatives. The company is collaborating with state governments and private players to develop large-scale renewable energy parks.
c. International Ventures
NHPC is exploring opportunities to develop hydropower projects in neighboring countries like Nepal and Bhutan, leveraging the shared river systems for mutual benefit.
d. Technological Innovation
The company is investing in advanced technologies, such as pumped storage hydropower, to improve efficiency and address challenges like energy storage.
9. Conclusion
NHPC Limited stands as a pillar of India’s renewable energy sector, contributing significantly to the country’s energy needs while emphasizing sustainability and community development. Its expertise in hydropower, combined with its expanding focus on solar and wind energy, positions NHPC as a key player in India’s transition to a greener future.
While challenges like environmental concerns and regulatory hurdles persist, NHPC’s commitment to innovation, corporate social responsibility, and long-term growth ensures its relevance in India’s energy landscape. As the nation strives to achieve its renewable energy targets, NHPC’s role will remain critical in shaping a sustainable and self-reliant energy future for India.
FAQs
1. What is NHPC?
NHPC is a Mini Ratna Category-I enterprise of the Government of India, established in 1975, focused on the development of hydroelectric power projects.
2. What is the main objective of NHPC?
The main objective of NHPC is to plan, promote, and organize the development of hydroelectric power projects in India.
3. Where is NHPC headquartered?
NHPC is headquartered in Faridabad, Haryana.
4. What is the total installed capacity of NHPC?
As of now, NHPC has an installed capacity of over 7,000 MW.
5. How many hydroelectric projects does NHPC operate?
NHPC operates several hydroelectric projects across India, including both completed and ongoing projects.
6. What are some major projects undertaken by NHPC?
Major projects include the Bargi Dam, Kishanganga Hydroelectric Project, and Teesta Low Dam IV.
7. How does NHPC contribute to renewable energy?
NHPC contributes to renewable energy by harnessing hydroelectric power, which is a clean and renewable source of energy.
8. What is the role of NHPC in rural electrification?
NHPC plays a significant role in rural electrification by providing power to remote and rural areas through its projects.
9. How can I apply for a job at NHPC?
You can apply for a job at NHPC by visiting their official website and checking the latest job notifications and vacancies.
10. What are the eligibility criteria for jobs at NHPC?
Eligibility criteria vary depending on the position, but generally include educational qualifications and relevant experience.
11. Does NHPC offer internships?
Yes, NHPC offers internships for students and fresh graduates to gain practical experience in the field of hydroelectric power.
12. How can I invest in NHPC?
You can invest in NHPC by purchasing shares through the stock market, as NHPC is a publicly listed company.
13. What are the benefits of working at NHPC?
Benefits include competitive salaries, job security, opportunities for career growth, and a supportive work environment.
14. How does NHPC ensure environmental sustainability?
NHPC ensures environmental sustainability by implementing eco-friendly practices and conducting environmental impact assessments for its projects.
15. What is the process for filing a complaint or inquiry with NHPC?
You can file a complaint or inquiry through NHPC’s official website or by contacting their customer service department.
16. How does NHPC handle ethics and compliance?
NHPC has a robust ethics and compliance framework to ensure adherence to legal and ethical standards.
17. What is the procedure for becoming a supplier or provider for NHPC?
To become a supplier or provider, you need to register with NHPC and meet their procurement criteria.
18. How is NHPC funded?
NHPC is funded through a combination of government support, internal accruals, and project-specific financing.
19. What is the concession period for NHPC projects?
The concession period varies depending on the project, but typically ranges from 25 to 35 years.
20. How can I stay updated on NHPC’s projects and developments?
You can stay updated by visiting NHPC’s official website, following their social media channels, and checking news updates.
