NHPC Ltd. is about to develop a photo voltaic park of 1,200 MW in Uttar Pradesh at an estimated value of Rs 796.9 crore, in accordance with an change submitting from the corporate.
The photo voltaic park might be developed in Jalaun district by Bundelkhand Saur Urja Ltd., a subsidiary firm of NHPC and a three way partnership with the Uttar Pradesh New & Renewable Power Division Company.
This might be developed below Mode 8 of the Ministry of New and Renewable Power scheme for growth of photo voltaic parks and extremely mega solar energy tasks, named ‘Extremely Mega Renewable Power Energy Parks’.
The estimated value of Rs 796.96 crore contains curiosity throughout development of Rs 42.7 crore and fairness funding of Rs 239.1 crore by NHPC in BSUL for the event of the photo voltaic park.
This growth comes after the corporate created a “borrowing plan” for fundraising for the present monetary yr in March 2025.
The agency’s board of administrators accepted on March 19, a borrowing plan to boost as much as Rs 6,300 crore in debt for the fiscal 2025–26.
Based on an change submitting from the agency, the corporate plans to safe funding by means of varied means, together with issuing redeemable, non-convertible company bonds (each secured and unsecured) in a number of personal placements, and/or by acquiring time period loans or exterior business borrowings in a number of installments.
Shares of NHPC closed 0.56% increased at Rs 90.37 per share, in comparison with a 0.67% uptick within the benchmark Nifty. The share worth had risen 0.69% within the final 12 months and 12% for year-to-date.
5 out of the ten analysts monitoring the corporate have a ‘purchase’ score on the inventory, two counsel a ‘maintain,’ whereas three suggest ‘promote’, in accordance with Bloomberg. The inventory’s return potential was at 4.2%.
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