Stock Trading Below Rs 100: Power generation company commissions 53.57 MW part capacity of 300 MW Bikaner solar project; total COD capacity 214.28 MW
The stock is up by 21.5 per cent from its 52-week low of Rs 71.01 per share.
NHPC Limited, a prominent Indian hydropower company, announced the successful commissioning of the fourth phase of its 300 MW grid-connected solar PV project in Bikaner, Rajasthan. Following a successful trial run on June 29, 2025, NHPC declared the Commercial Operation Date (COD) for this 53.57 MW part capacity effective June 30, 2025. This latest achievement brings the cumulative commercial operation capacity of the Karnisar Solar Power Project to 214.28 MW, out of the total 300 MW. The company confirmed that the COD for the remaining capacity will be announced in due course, marking significant progress in its renewable energy portfolio.
About the Company
NHPC, India's leading hydropower company, generates and sells bulk power. It also manages construction projects, offers consultancy services, and trades power. With a current capacity of 7,097 MW, primarily from hydro sources, NHPC actively develops new projects, including 15 solar and hydro initiatives totalling 10,449 MW. It plans to add 800 MW in FY25 and 2,000 MW in FY26 while venturing into solar with a recently commissioned 380 MW project and plans for an additional 2,000 MW. Aiming to diversify, NHPC has signed MoUs with several states for pumped storage and renewable energy projects and is exploring asset monetisation options.
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According to the financials, NHPC Ltd has a market cap of over Rs 85,000 crore with a 3-year stock price CAGR of 56 per cent. The company has been maintaining a healthy dividend payout of 50.7 per cent. The stock has a PE of 29x, an ROE of 10 per cent and an ROCE of 8 per cent. As of March 2025, LIC owns a 5.22 per cent stake in the company. The stock is up by 21.5 per cent from its 52-week low of Rs 71.01 per share.
Disclaimer: The article is for informational purposes only and not investment advice.