Navratna Stock in focus: NHPC plans for Rs 84K crore investment to set up 20GW pumped storage

NHPC Ltd, a hydropower public sector unit, is gaining attention following its announcement of a substantial investment of Rs. 84,000 crore to develop 20 GW of pumped storage capacity. This ambitious initiative underscores the company’s dedication to expanding its energy infrastructure, attracting investor interest, and enhancing market sentiment.

According to sources, NHPC plans to invest approximately Rs. 84,000 crore for this project, which is part of a larger capital expenditure estimated to reach around Rs. 1.20 lakh crore. The majority of this investment will be facilitated through joint ventures (JVs), marking a significant advancement in the company’s efforts to expand its renewable energy portfolio and strengthen its contribution to the national power grid.

Read Also : SJVN hosting 24th Inter-CPSU Cricket Tournament

NHPC currently has an installed capacity of 7,097.2 MW from renewable sources, including wind and solar, across 25 power stations, with 1,520 MW coming from its subsidiaries. 

Further, it plans to allocate over Rs.8,000 crore in capital expenditure for FY26, primarily focusing on the development of 1,620 MW of hydroelectric capacity and approximately 1,490 MW of solar projects.

The shares of the company are trading lower by 1.75% at Rs 71.95. The market capitalization is at Rs 72.26K crore with dividend yield at 2.64%.

Read Also : IDBI Bank Board appointed Shri R. Doraiswamy, MD (LIC) as Nominee Director for three years