Nhpc Limited · NSE:NHPC
Nhpc — Investor Presentation (December 2025)
49 slides from Nhpc's investor presentation, December 2025
Slide 1: Investor Presentation Financial Year 25-26: December 2025
Clean Power For Every Home INVESTOR PRESENTATION FINANCIAL YEAR 25-26 : December 2025 Salal Power Station, J&K
Slide 2: Presentation Outline
Presentation Outline 2 NHPC Today Financial Highlights Financial Ratios Projects at a Glance & New Initiatives Projects under Operation Our Vision: To be a global leading organization for sustainable development of clean power through competent, responsible and innovative values.
Slide 3: NHPC-Today
NHPC-Today 3 Subansiri Lower, Assam & Arunachal Parbati-II, Himachal NHPC-Energising India With Hydropower
Slide 4: Consolidated Physical Snapshot
CONSOLIDATED PHYSICAL SNAPSHOT 4 Ratle Kwar Kishanganga Chutak • Incorporated in 1975 with authorised capital of ₹ 200 crore, Uri I Nimoo Bazgo Kiru Uri II the present authorised capital is ₹ 17500 crore (Paid Up Salal J&K Dulhasti Pakal Dul Capital ₹ 10,045 crore) Baira Siul Sewa II Chamera II Parb
Slide 5: Consolidated Physical Snapshot
CONSOLIDATED PHYSICAL SNAPSHOT 5 Power Stations under Operation: Hydro Power is 10% (50915 MW) of Installed • Hydro – 24 Nos. (8271 MW) All India Installed Capacity (513730 MW*). Capacity • Solar & Wind – 7 Nos. (562 MW) • Total – 31 Nos. (8833 MW) NHPC Contribution is 16% of Installed Hydro Power
Slide 6: NHPC's Track Record – A Ten Year Digest
NHPC’s Track Record – A Ten Year Digest 6 Consolidated Generation (in M.U.) Actual 9M FY’26 Actual 9M FY’25 30236 30063 28024 28471 27139 26616 26331 26285 25532 •Country •Country 24298 Generation Generation 1386 BU 1379 BU •Share of Hydro •Share of Hydro Power 142 BU Power 126 BU (10%) (9%) •Share
Slide 7: Financial Highlights
7 Financial Highlights Sewa II, UT of J&K Chamera I, Himachal Clean Power For Every Home
Slide 8: Financial Highlights: Consolidated
Financial Highlights : Consolidated FY’26 FY’25 % Change 8 ₹ In Crore Particulars Nine Qtr-3 Nine Qtr-3 Full Nine Qtr-3 Revenue & Expenditure-Analysis Months Months Year Months Revenue 9M FY’26 Expenditure 9M FY’26 Other Employee Income Benefit Revenue from Operation 8799.76 2220.73 8032.89 2286.76
Slide 9: Statement of Assets & Liabilities: Consolidated
Statement of Assets & Liabilities: Consolidated ₹ In Crore Equity and Liabilities Share Holder’s Funds 9M FY’26 41465.47 FY’25 39668.16 9 Non-Controlling Interest 6061.77 5494.90 Long Term Borrowings 42395.40 35681.73 Long Term Lease Liabilities 172.23 114.02 Deferred Tax Liabilities 3713.86 2904.49
Slide 10: Debtors Position: Consolidated
Debtors Position: Consolidated ₹ In Crore Total Debtors 10 S. N. Particulars As on As on As on As on As on 31.12.2025 30.09.2025 30.06.2025 31.03.2025 31.12.2024 1 Trade Receivables 2329 3466 3452 2656 2651 (including (including (including (including (including unbilled debtors unbilled debtors unbi
Slide 11: Incentives Position: Consolidated
Incentives Position: Consolidated Comparative Incentive YoY (₹ in Crs.) 11 Sl. Particulars FY25-26 FY24-25 Q-1 Q-2 Q-3 Q-4 Total Q-1 Q-2 Q-3 Q-4 Total 1 Secondary Energy 2.53 228.03 230.27 460.83 56.40 255.56 109.50 123.86 545.32 2 PAF Incentives 0.50 12.53 38.58 51.61 0.24 16.74 35.05 216.76 268.79
Slide 12: Key Financials: 9M FY'26 Consolidated
Key Financials :9M FY’26 Consolidated P&L Consolidated Balance Sheet Consolidated 12 ₹ In Crore Total Income 9566 Share Capital 10045 EBITDA 4810 Net worth 41465 EBITDA Margin 50% Long Term Debt 42395 PAT (owners of parent co.) 2306 Cash & Bank Bal. 2911 Profit Margin 30% Gross Block 72829 Dividend
Slide 13: NHPC – Key Ratios
NHPC – Key Ratios S. No. Particulars 9M FY’26 FY’25 13 Particulars Standalone Consolidated Standalone Consolidated 1. PAT (₹ in Cr.) 2290.26 2305.58 3083.98 3006.67 2. Net-worth (₹ in Cr.) 40133.29 41465.47 38348.48 39668.16 3. No. of Equity Shares (In Cr.) 1004.50 1004.50 1004.50 1004.50 4. EPS (₹)
Slide 14: NHDC Ltd. (Subsidiary) – Snapshots
NHDC Ltd. (Subsidiary) – Snapshots : FY 24-25 Shareholding Pattern : 51:49 (NHPC : GoMP) 14 Physical Performance Installed Capacity : 1616 MW 94.82% 97.42% 96.43% 6,000 5,444 5,575 98% 4,236 92.74% 4,473 5,000 96.56% 96% 4,000 2,645 Design Energy : 2379 MUs 3,000 94% 2,000 92% 1,000 Generation : 557
Slide 15: NHDC Ltd. – Financial Highlights
NHDC Ltd. – Financial Highlights : 9M FY 24-25 15 Rs. In Crore FY’26 FY’25 % Change Particulars Nine Qtr-3 Nine Qtr-3 Full Year Nine Qtr-3 Months Months Months Actual Generation (in MU) 5239 1314 4636 1134 5575 13.01 15.87 Actual PAF (in %) 98.14 100.97 96.60 100.34 96.56 1.54 0.63 Revenue from Oper
Slide 16: Consolidated Capacity Addition & Regulated Equity (Hydro)
NHPC – Consolidated Capacity Addition & Regulated Equity (Hydro) Progressive Capacity Addition 40000 Progressive Regulated Equity 16 Cap. Add. 29-30/ Cuml. Cap. 13405 MW 35000 33838 Teesta VI : 500 MW 31303 29802 30495 30000 Cap. Add. 28-29/ Cuml. Cap. 12905 MW Ratle : 850 MW 25000 Cap. Add. 27-28/
Slide 17: NHPC – CAPEX
NHPC – CAPEX F.Y Amount (₹ In Remarks 17 Crore) 2017-18 2722 (Actual) 2018-19 2213 (Actual) 2019-20 4155 (Actual) 2020-21 3568 (Actual) 2021-22 5166 (Actual) 2022-23 6961 (Actual – Consolidated) 2023-24 8652 (Actual – Consolidated) 2024-25 11596 (Actual – Consolidated) 2025-26 13052 (Consolidated Ta
Slide 18: NHPC – Major Highlights during the period
NHPC – Major Highlights during the period 18 NHPC has commissioned 2 units of Subansiri Lower Hydroelectric Project (250 MW each), the largest hydro power station of the country on 23.12.2025 and 01.02.2026 respectively marking a significant achievement in country’s hydro power sector. NHPC has
Slide 19: Hydro Projects At A Glance
19 Hydro Projects At A Glance NHPC-Energising India With Hydropower
Slide 20: Hydro Projects Under Construction
NHPC: Hydro Projects Under Construction 20 Provisional CCEA Estimated Anticipated Installed Design Project Expected Type of the Cost Project Cost Name of Project Capacity Energy Expenditure Commissioning project (₹ in Crore) (₹ in Crore) (MW) (MUs) till Dec’25 Schedule (Price Level) (Price Level) (₹
Slide 21: Subsidiary: Hydro Projects Under Construction
Subsidiary: Hydro Projects Under Construction 21 CCEA Provisional Anticipated Project Installed Design Estimated Project Expected Type of the Cost Name of Project Capacity Energy Cost Expenditure Commissioning project (₹ in Crore) (MW) (MUs) (₹ in Crore) till Dec’25 Schedule (Price Level) (Price Lev
Slide 22: Hydro Projects Under Clearance
NHPC: Hydro Projects Under Clearance 22 Installed Design Cost S. Projects Capacity Energy (₹ In Crore) Status N. (MW) (MUs) & PL 1 Teesta-IV 520 2251.89 6113 • All statutory clearances have been received except forest clearance (stage-II). (4x130) (Apr’21) Sikkim • CEA has extended the validity of c
Slide 23: Hydro Projects Under Clearance
NHPC: Hydro Projects Under Clearance 23 Installed Design Cost S.No. Projects Capacity Energy (₹ In Crore) Status (MW) (MUs) & PL 3 Sawalkot 1856 7994.73 26,196.26 (8x225+1x56) Completion) • Forest Clearance-I accorded by Ministry of Environment, Forest and Climate UT of J&K Change (MoEF&CC) on 10.07
Slide 24: Hydro Projects Under Clearance
NHPC: Hydro Projects Under Clearance 24 Installed Design Cost S.No. Projects Capacity Energy (₹ In Crore) Status (MW) (MUs) & PL 5 Dulhasti 260 1093.11 2661.66 • No forest clearance is required. NOC has been obtained from Forest Stage-II (2x130) (Completion) department on 13.12.2021. UT of J&K • Def
Slide 25: Hydro Projects Under Clearance
NHPC: Hydro Projects Under Clearance 25 Installed Design Cost (₹ S.No. Projects Capacity Energy In Crore) Status (MW) (MUs) & PL 7 Kamala 1720 6869.92 26069.50 • The Arunachal State Govt. has forwarded the proposal to the (8X210+1X40) (completion) Secretary, Govt. of India, MoEF&CC, New Delhi Arunac
Slide 26: Hydro Projects Under Clearance
NHPC: Hydro Projects Under Clearance Installed Design Cost 26 S.No. Projects Capacity Energy ( In Crore) ₹ Status (MW) (MUs) & PL 8 Etalin 3097 12260.43 29385.18 • In Dec’2008, Govt. of Arunachal Pradesh allotted the project to Etalin (at Hydro Electric Power Company Limited (EHEPCL), a JV of Hydro
Slide 27: Subsidiary: Hydro Project Under Clearance
Subsidiary: Hydro Project Under Clearance 27 Cost (₹ In Installed Design S.No Projects Crore) Status Capacity (MW) Energy (MUs) & PL 1 Kirthai-II 820 2907.48 11746.01 •Balance investigation works completed in compliance to (4x200 + 2x10) March’25 PL DPR concurrence and based on survey & investigatio
Slide 28: Hydro Projects Under Survey & Investigation
NHPC: Hydro Projects Under Survey & Investigation S. No. Projects State Installed Capacity Status 28 (MW) Projects Under FR/DPR Preparation 1 Garba Uttarakhand 630 • MoP on 28.12.2023 requested NHPC to take up the matter of implementation of Tawaghat (3x210) the Project with JHDC. Accordingly, NHPC
Slide 29: Hydro Projects Under Survey & Investigation (Nepal)
NHPC: Hydro Projects Under Survey & Investigation (Nepal) Installed S. No. Projects Country Status Capacity (MW) Projects Under PFR/DPR Preparation 2 West Seti Nepal 800 • Hydroelectricity Investment and Development Company Ltd (HIDCL), Govt. of Nepal has forwarded its Consent for signing of MoU for
Slide 30: Solar & Wind Projects at a Glance
30 Solar & Wind Projects at a Glance Clean Power For EVERY HOME
Slide 31: Solar Project Under Construction
NHPC: Solar Project Under Construction 31 Estimated Capacity Expected Commissioning Tariff S.No Name of Project Capital Cost Status of PPA (MW) Schedule (₹/unit) (₹ in Crore) 1 200 MW Grid Connected 200 822.41 March, 2026 2.66 PPA signed with GUVNL on Solar photovoltaic Power 27.06.2024 Projects in
Slide 32: Solar Project Under Construction
NHPC: Solar Project Under Construction 32 Estimated Expected Capacity Capital Tariff S.No Name of Project Commissioning Status of PPA (MW) Cost (₹/unit) Schedule (₹ in Crore) 4 40 MW Solar power project in 40 147.91 June , 2026 2.75 Supplementary PPA signed Ganjam, Odisha with GRIDCO on 29.06.2024.
Slide 33: Subsidiary: Solar Projects under Tender and Pipeline
Subsidiary: Solar Projects under Tender and pipeline Under Pipeline 33 Expected Sl. Estimated Tentative Name of Capacity Commissio No Capital Tariff Status of PPA Project (MW) ning . Cost (Rs./unit) Schedule 1 1200 MW Solar - 796.96 December 2.80 • Term of Reference with REMC was signed on 30.01.202
Slide 34: Solar Project Under Construction (As Intermediary Procurer)
NHPC: Solar Project Under Construction (As Intermediary Procurer) 34 S.No. Type of Project Installed Capacity Current Status (MW) 1 Projects through Solar Power 2000 • PPA & PSA signed. Developers, Rajasthan • 1100 MW out of 2000 MW already commissioned. 2 Solar 3000 • PPA & PSA signed. (2023-24 – S
Slide 35: Solar Projects under PPA/PSA (As Intermediary Procurer)
NHPC: Solar Projects under PPA/PSA (As Intermediary Procurer) 35 S.No. Type of Project Installed Capacity Current Status (MW) 1 Solar 3670 • Letter of Award issued. • PPA & PSA to be signed. (2024-25 – Solar-II & Solar-III) 2 Solar & Wind Hybrid 2970 • Letter of Award issued. • PPA & PSA signed for
Slide 36: Solar Projects under BESPA/BESSA (As BIA)
NHPC: Solar Projects under BESPA/BESSA (As BIA) 36 S.No. Type of Project Installed Capacity Current Status (MWh) 1 500 MWh – KSEB, Kerala 500 • LOA issued on 09.07.2025. (4 Hours Storage Single • Capacity charges range – Rs. 4,34,000 to Rs. Cycle per day) 4,57,000/MW/Month • BESSA and BESPA signed.
Slide 37: New Initiatives: Pumped Storage Schemes
37 New Initiatives Pumped Storage Schemes Green Power, Clean Power
Slide 38: New Initiatives: Pump Storage – Maharashtra
New Initiatives Pump Storage Project Scheme 38 (1) Maharashtra Name/Place of Installed S.No Present Status PSP Capacity (MW) 1 Savitri 2400 PFR submitted to Govt. of Maharashtra & CEA. Layout Finalization Chapters cleared from CEA. Exploratory drilling in progress. Water Availability Certifi
Slide 39: New Initiatives: Pump Storage – Andhra Pradesh
New Initiatives Pump Storage Project Scheme 39 (2) Andhra Pradesh (through ANGEL, a JV between NHPC and APGENCO) Installed Name/ Place S.No Capacity Present Status of PSP (MW) 5 Rajupalem 800 DPR is under preparation and is likely to be submitted by Aug’ 2026. EAC recommended ToR on 21.01.2026.
Slide 40: New Initiatives: Pump Storage – Madhya Pradesh
New Initiatives Pump Storage Project Scheme 40 (3) Madhya Pradesh (Through our subsidiary NHDC) Installed Name/ Place S.No Capacity Present Status of PSP (MW) 10 Indrasagar- 640 DPR submitted to CEA on 27.06.2025. Omkareswar NOC obtained from Deptt. of Mines, Khandwa (MP) and from Deptt. of Mini
Slide 41: New Initiatives: Pump Storage – Odisha
New Initiatives Pump Storage Project Scheme 41 (4) Odisha Name/ Place of Installed S.No Present Status PSP Capacity (MW) 11 Masinta 1000 PFR submitted to GRIDCO Limited. DPR is under preparation. Water allocation approval has been received. Layout Finalization Chapters clearance obtained.
Slide 42: New Initiatives: Pump Storage – Gujarat
New Initiatives Pump Storage Project Scheme 42 (5) Gujarat Name/ Installed S.No Place of Present Status Capacity (MW) PSP 14 Kuppa 900 PFR submitted to Govt. of Gujarat. 03 attempts were made to conduct the site survey; however, the work could not be completed due to protests by local villagers.
Slide 43: New Initiatives: Pump Storage – Rajasthan & Chhattisgarh
New Initiatives Pump Storage Project Scheme 43 (7) Rajasthan & Chhattisgarh S.N Name/ Place of Installed Present Status o PSP Capacity (MW) 15 Singli 1000 PFR submitted to Rajasthan Renewable Energy Corporation Limited. (Rajasthan) Water allocation has been obtained. Approval for registration
Slide 44: Projects under Operation
44 Projects under Operation Hydro Power Solar Power Wind Power Green Power, Clean Power
Slide 45: NHPC: Projects under Operation – Hydro
NHPC: Projects under Operation Hydro 45 Installed Design Energy Year of Capital Cost as Tariff (24-25) S. No NHPC Project & State/UT Capacity Type of the project (MU) comm. on 31.03.25 (₹ /Kwh) (MW) 1 Baira Siul, (3x60) 180 661.09 1981 (Sep) 389.94 2.84 Run of River (ROR) with small Himachal Pradesh
Slide 46: NHPC: Projects under Operation – Hydro
NHPC: Projects under Operation Hydro 46 Installed Capital Cost as on Design Energy Year of Tariff (24-25) S.No. NHPC Project & State/UT Capacity 31.03.25 Type of the project (MU) Comm. (₹ /Kwh) (MW) (₹ in Crore) 12 Sewa-II, (3x40) 120 533.52 2010 (Jun) 1157.23 4.60 ROR with small pondage UT of J&K 1
Slide 47: Projects under Operation: Renewable Energy and Subsidiary
NHPC: Projects under Operation Renewable Energy 47 Installed Capital Cost as Design Energy Year of Tariff (24-25) S.No Project Capacity on 31.03.25 Place of Project (MU) Comm. (₹ in Crore) (₹ /Kwh) (MW) 1 Wind Power 50 94.25 2016 330.40 3.67 Jaisalmer (Rajasthan) 2 Solar Power 50 105.96 2018 290.59
Slide 48: Subsidiary: Projects under Operation – Renewable Energy
Subsidiary: Projects under Operation Renewable Energy 48 Installed Design Energy Year of Capital Cost as Tariff 24-25 S.No Project Capacity Place of Project (MU) Comm. on 31.03.2025 (₹/unit) (MW) 1 Solar Power Project, Kalpi 65 147.34 2023-24 350.46 2.68 Jalaun District (Subsidiary - BSUL) (Uttar Pr
Slide 49: NHPC-Energising India With Hydropower
49 NHPC-Energising India With Hydropower