Shares of state-owned NHPC Ltd climbed 2.92% ,reaching an intraday high of ₹82.93 on the BSE, following the commissioning announcement of its subsidiary’s latest solar project.
The rise in share price came after NHPC’s arm, NHDC, declared the successful commissioning of the full 88 MW capacity at the Omkareshwar Floating Solar Power Plant (FSPV), Unit-D, situated in Madhya Pradesh’s Omkareshwar project reservoir. The plant, commissioned on October 29, is projected to generate 204.58 million units (MUs) annually.
In an official filing, NHPC noted, “NHDC Limited (a Subsidiary Company of NHPC Limited) has successfully commissioned the full 88 MW capacity of the Omkareshwar Floating Solar Power Plant (FSPV), Unit-D on 29.10.2024.”
Financials and Market Standing
With a project cost of ₹589.16 crore, the Omkareshwar Floating Solar Power Plant is expected to contribute approximately ₹65.87 crore in annual revenue. NHPC, India’s largest hydroelectric power developer, operates 25 power stations across 13 states and has expanded into solar and wind energy sectors.
At 1:26 PM IST, NHPC shares were trading 2.17% higher at ₹82.32. In contrast, the BSE Sensex was down by 0.44% at 80,015.69 points. Currently, NHPC’s market cap stands at ₹83,273.34 crore, placing it within the BSE 200 category.
Stock Performance: The 52-week range for NHPC shares spans from a low of ₹49.60 to a high of ₹118.45.
Broader Market Update
While NHPC shares rose, the BSE Sensex was down by 300 points at 80,050, with sectors such as financials and healthcare exerting downward pressure.
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