NHPC shares in focus on 600 MW supply from Parbati-II hydro project, Bikaner solar project connected to ISTS

Synopsis

NHPC has commenced commercial supply of 600 MW electricity from three units of the Parbati-II hydro project in Himachal Pradesh from April 1, 2025, and progressed with its 300 MW solar power project in Bikaner. The projects aim at expanding clean energy generation in India.

Shares of state-owned NHPC will be in focus on Tuesday after it announced that it has begun the commercial supply of 600 MW of electricity from three units of the Parbati-II hydro project in Himachal Pradesh, effective April 1.

The Parbati-II project consists of four 200 MW units, and the trial run and commercial operation date (COD) for the remaining Unit-4 will be announced in due course, according to a regulatory filing.

The filing stated that after successful trial runs, NHPC declared the commercial operation of Units 1, 2, and 3 (200 MW each) of the Parbati-II hydro project, effective from 00:00 hours on April 1, 2025.

The Parbati Hydroelectric Project (Stage-II) is a run-of-the-river scheme designed to harness the hydroelectric potential of the lower reaches of the Parbati River. The project involves diverting the river through a Concrete Gravity Dam at Pulga village in Parbati valley, with a 31.52 km long Head Race Tunnel. The power house will be located at Suind village in the Sainj valley.

300 MW project in Bikaner connected to ISTS

The company also announced on Monday that its 300 MW solar power project in Bikaner has been successfully connected to the Inter-State Transmission System (ISTS) and has started injecting 31 MW of power into the grid, according to an exchange filing.

The company stated, "The 300 MW Bikaner Solar Power Project has been connected to ISTS and started injecting 31 MW power into the grid as of 31.03.2025."

The commercial declaration for the 100 MW part capacity, which will be rolled out in phases, will be announced in due course.

The entire 300 MW solar project is expected to be fully commissioned by August 31, 2025.

NHPC share price

The company's shares fell 8.36% and underperformed its sector by 8.3% in the past year. Meanwhile, the stock has offered 195% returns in the last three years. NHPC has worse one year returns than Nifty50, Sensex, industry, and sector.

NHPC Ltd, a Mini-Ratna Category-I Enterprise of the Government of India, is one of the country's largest organizations in the field of hydro power development. The company is committed to the planning, development, and implementation of a comprehensive and efficient network of hydroelectric projects across India, focusing on generating clean and sustainable power.

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