Is NHPC a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that NHPC Ltd is a average quality company .

Is NHPC undervalued or overvalued?

The key valuation ratios of NHPC Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone .

What is NHPC share price return in the past 10 years?

NHPC Ltd share price has appreciated 14.8% annually (CAGR) over the past ten years.

Is NHPC a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of NHPC Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

NHPC Ltd - Stock Valuation and Financial Performance

Name: NHPC
Brand: NHPC

BSE: 533098 | NSE: NHPC | Power Generation/Distribution | Large Cap

Place order

NHPC Share Price

₹84.53 0.64 0.76%
as on 07-Nov'24 00:00

10 Year X-Ray of NHPC:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	10%	10.2%	11.4%	8.2%	10.4%	7.9%	9.1%	6.5%	9%	8.4%	-
Value Creation Index ⓘ	-0.1	-0.1	0.0	-0.3	-0.1	-0.3	-0.2	-0.4	-0.2	-0.3	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	8,244	8,354	8,623	7,755	8,983	10,008	9,648	9,144	10,607	9,632	9,569
Sales YoY Gr.	-	1.3%	3.2%	-10.1%	15.8%	11.4%	-3.6%	-5.2%	16%	-9.2%	-
Adj EPS ⓘ	1.9	1.9	2.5	2.4	2	3.3	3.2	4.3	4	3	3.2
YoY Gr.	-	-2.6%	31.7%	-3.7%	-15.7%	65.8%	-3%	34.7%	-7.2%	-24.5%	-
BVPS (₹) ⓘ	27.8	28.5	28.2	29.3	30.7	31.2	32.9	34.8	36.8	38.5	39.6
Adj Net Profit ⓘ	2,113	2,055	2,514	2,419	1,999	3,316	3,219	4,331	4,019	3,033	3,174
Cash Flow from Ops. ⓘ	4,061	5,971	8,329	4,696	3,824	2,993	5,070	4,590	4,705	6,938	-
Debt/CF from Ops. ⓘ	5.1	3.3	2.3	4	5	7.8	4.6	5.7	6.3	4.7	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	1.7%	1.4%	-0.1%	-9.2%
Adj EPS ⓘ	5.2%	8.7%	-1.9%	-24.5%
BVPSⓘ	3.7%	4.7%	5.4%	4.7%
Share Price	14.8%	29.4%	38.3%	64.8%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	7.2	6.6	8.3	8.2	6.6	10.7	10	12.7	11.2	8	8.1
Op. Profit Mgn % ⓘ	62.3	58.1	56.8	54.7	55.7	55.9	54.2	52.9	56.9	51.4	50.2
Net Profit Mgn % ⓘ	29.4	28.4	34.4	34.7	24.9	37.7	36.8	50.1	41.3	35.7	33.2
Debt to Equity ⓘ	0.7	0.6	0.7	0.6	0.6	0.7	0.7	0.8	0.8	0.8	0.8
Working Cap Days ⓘ	465	634	759	907	941	990	1,145	1,296	1,142	1,234	261
Cash Conv. Cycle ⓘ	105	96	72	65	75	103	149	193	182	185	69

Recent Performance Summary

Debt to equity has declined versus last 3 years average to 0.84

Return on Equity has declined versus last 3 years average to 8.10%

Sales growth has been subdued in last 3 years -0.05%

Net Profit has been subdued in last 3 years -1.91%

Sales growth is not so good in last 4 quarters at -10.30%

Latest Financials - NHPC Ltd.

	Standalone	Consolidated
TTM EPS (₹)	3.4	3.2
TTM Sales (₹ Cr.)	8,252	9,569
BVPS (₹.) ⓘ	38.1	39.6
Reserves (₹ Cr.) ⓘ	28,189	29,678
P/BV ⓘ	2.22	2.14
PE ⓘ	24.65	26.76

From the Market
52 Week Low / High (₹)	49.95 / 118.45
All Time Low / High (₹)	14.65 / 118.45
Market Cap (₹ Cr.)	84,911
Equity (₹ Cr.)	10,045
Face Value (₹)	10
Industry PE ⓘ	28.7

Management X-Ray of NHPC:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of NHPC

Price Calculator

Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

This is a premium feature, Please click here to check our solutions.

Key Ratios of NHPC

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	8,244	8,354	8,623	7,755	8,983	10,008	9,648	9,144	10,607	9,632
Operating Expenses ⓘ	3,113	3,504	3,724	3,517	3,983	4,469	4,444	4,324	4,741	4,708
Manufacturing Costs	1,080	1,148	1,207	1,125	1,241	1,553	1,477	1,281	1,425	1,330
Material Costs	0	0	0	0	0	0	0	0	0	0
Employee Cost	1,225	1,242	1,678	1,658	1,850	1,676	1,520	1,555	1,435	1,418
Other Costs ⓘ	808	1,114	839	734	892	1,240	1,446	1,489	1,881	1,959
Operating Profit ⓘ	5,131	4,850	4,899	4,238	5,000	5,539	5,204	4,820	5,866	4,925
Operating Profit Margin (%)	62.2%	58.1%	56.8%	54.6%	55.7%	55.3%	53.9%	52.7%	55.3%	51.1%
Other Income ⓘ	1,077	1,286	1,507	1,067	906	806	1,238	1,385	1,128	1,606
Interest ⓘ	1,297	1,340	1,133	924	938	878	577	586	523	703
Depreciation ⓘ	1,715	1,432	1,462	1,469	1,658	1,614	1,292	1,190	1,215	1,184
Exceptional Items ⓘ	522	551	720	128	843	-590	-73	-1,210	-15	396
Profit Before Tax ⓘ	3,718	3,916	4,535	3,040	4,159	3,266	4,495	3,217	5,237	5,043
Tax ⓘ	920	1,000	1,054	255	1,324	-79	895	-557	976	1,015
Profit After Tax	2,798	2,916	3,480	2,785	2,836	3,345	3,600	3,774	4,261	4,028
PAT Margin (%)	33.9%	34.9%	40.4%	35.9%	31.6%	33.4%	37.3%	41.3%	40.2%	41.8%
Adjusted EPS (₹)	2.3	2.4	3.0	2.5	2.6	2.9	3.3	3.5	3.9	3.6
Dividend Payout Ratio (%)	27%	64%	61%	57%	57%	52%	49%	52%	48%	53%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	30,757	31,643	29,015	30,041	30,798	31,381	33,053	34,921	36,961	38,702
Share Capital ⓘ	11,071	11,071	10,259	10,259	10,045	10,045	10,045	10,045	10,045	10,045
Reserves ⓘ	19,687	20,572	18,756	19,782	20,753	21,336	23,008	24,876	26,916	28,657
Minority Interest	3326	3168	3382	2935	2868	2774	2835	2863	4874	5190
Debt	18,724	18,181	17,548	17,008	17,461	21,606	21,957	24,551	27,550	29,616
Long Term Debt	18,724	18,181	17,246	16,728	17,045	20,892	21,231	23,227	26,602	29,382
Short Term Debt	0	0	303	280	416	714	726	1,324	948	234
Trade Payables	165	130	158	200	196	317	210	214	235	282
Others Liabilities ⓘ	10,818	11,683	12,636	14,706	18,387	16,741	19,593	18,685	20,891	22,947
Total Liabilities ⓘ	63,790	64,805	62,739	64,891	69,710	72,818	77,648	81,234	90,511	96,738
Fixed Assets
Gross Block	40,576	24,055	25,144	25,593	31,017	32,073	30,444	31,495	33,086	33,583
Accumulated Depreciation	12,660	1,446	2,921	4,397	6,045	7,676	8,455	9,675	10,954	12,114
Net Fixed Assetsⓘ	27,916	22,610	22,223	21,196	24,972	24,397	21,989	21,821	22,133	21,469
CWIP ⓘ	10,304	16,742	17,588	19,087	15,037	17,180	19,167	22,522	31,357	39,831
Investmentsⓘ	1,020	601	1,020	1,125	1,283	1,398	1,842	2,387	499	479
Inventories	91	93	101	105	125	127	134	140	161	190
Trade Receivables	2,905	1,905	1,854	1,346	2,838	3,583	5,133	5,176	6,161	4,420
Cash Equivalents	6,941	7,284	3,472	3,319	2,245	1,693	2,257	1,958	2,694	3,622
Others Assetsⓘ	14,614	15,572	16,481	18,713	23,210	24,440	27,127	27,229	27,507	26,726
Total Assets ⓘ	63,790	64,805	62,739	64,891	69,710	72,818	77,648	81,234	90,511	96,738

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	4,061	5,971	8,329	4,696	3,824	2,993	5,070	4,590	4,705	6,938
PBT ⓘ	3,718	3,916	4,535	3,040	4,159	3,262	4,495	3,217	5,237	5,043
Adjustment ⓘ	1,838	1,813	1,592	1,850	1,468	2,563	1,144	2,332	1,537	509
Changes in Working Capital ⓘ	-686	1113	3285	637	-926	-1989	159	-123	-1092	2256
Tax Paid ⓘ	-809	-872	-1,082	-830	-877	-845	-728	-837	-978	-870
Cash Flow From Investing Activity ⓘ	-767	-746	-1,864	-886	-1,182	-2,987	-1,607	-3,084	-4,246	-5,968
Capex	-1,726	-2,147	-1,587	-1,564	-1,359	-3,631	-2,058	-3,699	-4,974	-6,995
Net Investments	240	781	-632	261	-135	113	-420	135	379	246
Others ⓘ	719	620	355	417	312	531	871	479	349	781
Cash Flow From Financing Activityⓘ	-2,494	-4,000	-7,812	-3,863	-2,637	12	-3,058	-638	-795	-581
Net Proceeds from Shares ⓘ	8	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	0	0	0	0	0	2,315	3,576	4,875	6,137
Interest Paid ⓘ	-1,654	-1,502	-1,391	-1,144	-1,215	-1,333	-1,415	-1,522	-1,705	-2,099
Dividend Paid ⓘ	-848	-1,895	-3,274	-2,231	-1,527	-2,897	-1,849	-1,948	-2,263	-2,326
Others ⓘ	1	-603	-3,147	-488	105	4,242	-2,109	-744	-1,702	-2,294
Net Cash Flow ⓘ	799	1,224	-1,347	-53	5	17	405	867	-336	388

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	9.48	9.36	11.5	9.44	9.32	10.76	11.17	11.11	11.86	10.65
ROCE (%)	9.99	10.22	11.37	8.19	10.35	7.93	9.14	6.48	9.04	8.35
Asset Turnover Ratio	0.13	0.13	0.14	0.12	0.13	0.14	0.13	0.12	0.12	0.1
PAT to CFO Conversion(x)	1.45	2.05	2.39	1.69	1.35	0.89	1.41	1.22	1.1	1.72
Working Capital Days
Receivable Days	118	105	80	75	85	117	165	206	195	200
Inventory Days	4	4	4	5	5	5	5	5	5	7
Payable Days	0	0	0	0	0	0	0	0	0	0

NHPC Ltd Stock News

NHPC Ltd FAQs

What is the share price of NHPC?

Company share prices are keep on changing according to the market conditions. The closing price of NHPC on 07-Nov-2024 00:00 is ₹84.53.

What is the market cap of NHPC?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 07-Nov-2024 00:00 the market cap of NHPC stood at ₹84,910.7.

What is the P/E ratio of NHPC?

The latest P/E ratio of NHPC as of 07-Nov-2024 00:00 is 24.65.

What is the P/B ratio of NHPC?

The latest P/B ratio of NHPC as of 07-Nov-2024 00:00 is 2.22.

What is the 52-week high and low of NHPC?

The 52-week high of NHPC is ₹118.5 and the 52-week low is ₹49.95.

What is the TTM revenue of NHPC?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of NHPC is ₹8,252 ( Cr.) .

About NHPC Ltd

NHPC was incorporated on November 7, 1975 under the Companies Act as a private limited company under the name National Hydro Electric Power Corporation Private Limited. The company was converted to a public limited company with effect from April 2, 1986. The promoter of the company is the President of India acting through the MoP, GoI and currently holds 100% of the paid-up share capital of the company.

NHPC Limited has become the largest organisation for hydropower development in India, with capabilities to undertake all the activities from conceptualization to commissioning in relation to setting up of hydro projects. NHPC has also diversified in the field of Solar & Wind power.

Business area of the company:

NHPC is principally engaged in the construction and operation of hydroelectric power projects.

Awards/ Recognition

2005: Solar Energy Society of India Business Leadership Award for Hydropower for the year 2004.
2006: Enterprise Excellence Award (Certificate of Merit) by the Indian Institution of Industrial Engineering for Financial and Operational Strength for the year 2004-05, Golden Peacock Award to Chamera Power Station I for Environment Management for the year 2006 by the World Environment Foundation
2007: Annual Greentech Environment Excellence Silver Award in Hydropower Sector by-Greentech Foundation, New Delhi for Environment Management in Hydropower stations/projects for the Dhauliganga Power Station for the year 2006
2007: Golden Peacock Award to Region II, Banikhet by World Environment Foundation, New-Delhi for Excellence in Environment Management for the year 2007
2008: B.M.L. Munjal Award for Excellence in Learning and Development for the year 2007-Golden Peacock Award to Chamera Power Station I for Occupational Health and Safety for the year 2008 by the World Environment Foundation-Performance Excellence Award (Certificate of Merit) by the Indian Institution of Industrial Engineering for Financial and Operational Strength for the year 2006-07-Special Jury Award at Asia Pacific Human Resource Management Congress for Innovative Human Resources Practices for 2007-08
2009: TERI Corporate Environmental Award 2009-Performance Excellance Award by the Indian Institution of Industrial Engineering-Gold Medal for Outstanding Contribution in Enhancing the Image of India by the Institute of Economic Development-Amity Award for Best Corporate Social Responsibility for 2008
2013: NHPC Conferred Indira Gandhi Rajbhasha Award
2016: NHPC got Corporate Governance Excellence Award
2016: NHPC awarded as Winner under category ‘Power Generation - Renewable’ at Dun & Bradstreet Infra Awards 2016.
2016: NHPC wins Best Miniratna Award
2016: NHPC bagged Best Hydropower Enterprise Award
2016: CMD, NHPC conferred Power & Energy Persona’s Award for Individual Excellence
2016: CMD, NHPC conferred CBIP Award for Outstanding contribution in Hydropower Development
2017: NHPC honoured by Hon’ble Minister of State for Power (Independent Charge) for Implementation of Rajbhasha
2017: GRIHA four star rating for Neer Shakti Sadan
2017: NHPC awarded CIDC Partner in Progress Trophy 2017
2017: CMD, NHPC conferred ‘Industry Doyen’ award
2017: NHPC conferred Water Digest Water Award for Best Water Management in Power Generation
2017: NHPC honored with the award for ‘Best Risk Management Practices, Frameworks and Systems’ at 3rd India Risk Management Awards
2017: NHPC bags award for ‘Excellence in CSR/Environment Protection and Conservation’ at India Pride Awards 2016-17.
2019: NHPC has been conferred with ‘Recognition of WIPS Activities Award, a tribute to Excellence in Public Enterprise Management under Mini Ratna & other category’ by Forum of Women in Public Sector (WIPS).
2020: NHPC has been conferred the CBIP Award 2020 for ‘Outstanding performing utility in hydro power sector’ at a glittering function held at New Delhi on February 19, 2020.

Milestones

1975-76: Incorporation of the company.
1976-77: Transfer of the Loktak hydroelectric project (105 MW) from GoI to the company.
1977-78: Transfer of the Baira Siul hydroelectric project (180 MW) from GoI to the company.
1982-83: Baira Siul power station (180 MW) in Himachal Pradesh commissioned.
1983-84: All units of Devighat power station in Nepal commissioned ahead of schedule-Loktak power station (105 MW) in Manipur commissioned.
1985-86: Hydro Power Training Institute set up at the Baira Siul hydroelectric project to train operators and supervisory staff.
1986- 87: First issue of 14% 7 years, redeemable secured non convertible bonds amounting to Rs.143.64 crore Nuwakot Rural Electrification project in Nepal completed ahead of schedule.
1987-88: Establishment of a satellite telecommunication network taken up to link various projects of the company.
1989-90: GoI upgraded the company from a Schedule ‘B’ to a Schedule ‘A’ corporation.
1992-93: A consultancy wing set up to provide a range of specialised services in the investigation, design, construction and operation of hydel projects-Tanakpur power station (120 MW) in Uttarakhand commissioned.
1994-95: Awarded the lining work of Jawahar Tunnel in Jammu & Kashmir -The company declared its maiden dividend of Rs. 5 crore for the year ending March 31.
1994: The company’s registered office started operating from its present building in Faridabad-Chamera I power station (540 MW) in Himachal Pradesh commissioned.
1995-96: Agreement signed for execution of Kurichhu hydroelectric project (45 MW) in Bhutan
1997-98: Uri power station (480 MW) in Jammu & Kashmir commissioned.
1999-2000: Rangit power station (60 MW) in Sikkim commissioned.
2000-01: Three units of 45 MW Kurichhu power station in Bhutan commissioned by the company ahead of schedule-The company and the government of Madhya Pradesh entered into an MoU to exploit the hydro electric potential of the Narmada basin by completing the Indira Sagar and Omkareshwar projects The company and the government of Jammu & Kashmir entered into an MoU to exploit the power potential of the state.
2002-03: A line of credit for a tenor of 19 years taken from LIC for an amount of Rs. 2,500 crore, the company was accorded ‘AAA’ credit rating for domestic borrowing and ‘BB’ credit rating at par with sovereign rating of international borrowings by Fitch Ratings.
2003-04: Chamera- II power station (300 MW) in Himachal Pradesh commissioned.
2004-05: Indira Sagar hydroelectric project (1,000 MW) of NHDC, a joint venture of the company and the government of Madhya Pradesh in Madhya Pradesh commissioned.
2005-06: ERP initiated under the name Project Kiran.
2006-07: The company entered into an agreement with Government of Bhutan for preparation of DPR of Mangdechhu project (672 MW) in Bhutan.
2007-08: The name of the company changed to its present name NHPC Limited-Dulhasti power station (390 MW) commissioned-Teesta-V power station (510 MW) commissioned-Omkareshwar hydroelectric project (520 MW) of NHDC, a joint venture of the company and the government of Madhya Pradesh, commissioned-The company entered into an MoA with the government of Arunachal Pradesh to execute the Dibang multipurpose hydroelectric project-The company entered into an MoU with the government of Manipur to exploit the hydro electric potential of the tailrace discharge of Loktak Downstream Hydroelectric Project.
2008-09: The company conferred Mini Ratna Category I status by the GoI-The company entered into an MoU with the government of Jammu & Kashmir, JKSPDC and PTC to incorporate a joint venture to develop the Pakal Dul and other hydro projects in the Chenab River Basin-Incorporation of joint venture company, National Power Exchange Limited, along with NTPC, PFC and Tata Consultancy Services Limited.
2009-10: Incorporation of a joint venture company, National High Power Test Laboratory Private Limited, along with NTPC, Powergrid Corporation of India Limited and Damodar Valley Corporation.
2013: A Memorandum of Understanding has been signed between NHPC Limited and Uttar Pradesh New & Renewable Energy Development Agency, Department of Additional Sources of Energy, Govt. of Uttar Pradesh on August 08, 2013 at Lucknow for implementation of Solar Power Project in Uttar Pradesh.
2013: NHPC has signed an agreement with Government of Odisha and Odisha Hydro Power Corporation Limited (OHPC) for formation of a Joint Venture company for implementation of six hydroelectric projects with an aggregate installed capacity of 1020 MW.
2013: NHPC has inked a Memorandum of Understanding (MoU) with the Chhattisgarh State Power Holding Company Limited (CSPHCL) and Indian Farmers Fertiliser Cooperative Limited (IFFCO Limited).
2014: NHPC Conferred Indira Gandhi Rajbhasha Award.
2014: NHPC Signing of MoU with Government of Kerala for setting up of Solar Power Project.
2014: NHPC has been successfully completed the 14.73 Kms Head Race Tunneling of Kishanganga HE Project through TBM.
2015: NHPC has signed a Memorandum of Understanding (MOU) with Ministry of Power, Government of India.
2015: NHPC has received environmental clearance for Dibang project, in Arunachal Pradesh.
2015: NHPC has been signed agreement for the development of four Hydroelectric Projects in Teesta Basin.
2015: Rays Power Experts has bagged Rs 300 crore order from NHPC Ltd for setting up a 50 MW solar power project at Sattur in Virudhunagar district of Tamil Nadu.
2015: NHPC has signed a Memorandum of Understanding with Solar Energy Corporation of India (SECI).
2016: NHPC signs MoU with Maharashtra for solar projects.
2016: NHPC starts commercial operation of Teesta project.
2016: NHPC plans 600 MW solar project at Koyna dam in Maharashtra.
2016: NHPC enters into pact with BHEL for hydro projects.
2016: NHPC commences operation of power project.
2016: NHPC signs power pact with Inox.
2016: NHPC signs Power Purchase Agreement (PPA) for 50 MW wind power project2016: NHPC Signs Contract Agreement with BHEL for Renovation & Modernization of 180 MW Baira Siul Power Station.
2019: NHPC signs letter of Intent with NEA Engineering.
2019: NHPC commission Unit 2 of Bairasiul Power Station in Himachal Pradesh.
2020: NHPC gets ISMS certification for IT&C Division.
2020: NHPC signs MoU with ALIMCO.
2020: NHPC has signed a Memorandum of Understanding (MoU) with Power Grid Corporation of India for Turnkey Execution of Dedicated Transmission lines / Construction Power Supply lines for future NHPC hydropower projects in India.
2020: NHPC has signed Memorandum of Understanding (MoU) with Hydropower Investment and Development Company (HIDCL), the premier organization for jointly developing hydropower projects in Nepal.
2020: NHPC has signed Memorandum of Understanding (MoU) with Green Energy Development Corporation of Odisha (GEDCOL).
2020: NHPC has signed Power Purchase Agreement (PPA) with Eden Renewable Passy for 300 MW and with Altra Xergi Power (SPV of O2 Power SG PTE) for 380 MW for procurement of solar power at the tariff of Rs 2.55/kWh at NHPC corporate office for 25 years on long term basis.
2020: NHPC has signed a Memorandum of Understanding (MoU) with the Ministry of Power, Government of India for 2020-21.
2020: NHPC has signed a Power Sale Agreement (PSA) with Chhattisgarh State Power Distribution Company (CSPDCL) at Raipur (Chhattishgarh) for supply of 400 MW Solar Power at the tariff of Rs. 2.55/kWh for 25 years on long term basis.