Rs 10,857 crore capex for FY24: Union Power and New & Renewable Energy Minister visits this multibagger power generation company – Do you own it?

The stock up by 29.18 per cent in 1 year, and has delivered remarkable multibagger returns of 153.24 per cent over the last three years.

In a momentous stride towards a sustainable energy future, Union Power and New & Renewable Energy Minister, Shri R.K. Singh, conducted a comprehensive visit to the 2000 MW Subansiri Lower Hydroelectric Project of NHPC. This not only showcased the project's progress but also revealed insights into India's growing focus on clean and renewable energy solutions.

Minister's Strategic Vision: Singh underscored the pivotal role of hydel projects in achieving round-the-clock renewable energy during his visit. His hands-on inspection of key construction sites highlighted the government's commitment to expediting critical projects.

Crucial Role of Hydel Power: Emphasizing the indispensable role of hydroelectric projects, Singh acknowledged that round-the-clock renewable energy hinges on significant contributions from hydro power. His satisfaction with the Subansiri project's advancement reflects its strategic importance in meeting the nation's energy needs.

Transformative Projects in Arunachal: Singh's announcement of 13 hydel projects in Arunachal Pradesh, attracting an investment of Rs 1.4 lakh crore, is set to significantly boost the state's per capita income and contribute 13,000 MW of clean power to the nation.

Challenges and Solutions: Addressing challenges in harnessing India's hydro power capacity, Singh emphasized the need to utilize a more substantial portion of the available potential. Despite a current utilization of only 35 per cent of the 47,000 MW capacity, Singh's insights shed light on the government's efforts to bridge this gap amid a 20 per cent surge in power demand from August to October 2023.

Financial Landscape and Capacity Growth: Exploring NHPC's financial snapshot for Half Year FY’24, the article unveils a CAPEX of Rs 4,095 Crore and a PAT of Rs 2,500 Crore. Singh's focus on maintaining an average return on equity of 16.5 per cent demonstrates commitment amid rapid capacity expansion.

NHPC's Role and Future Outlook: Concluding with NHPC's robust contribution of 15 per cent to India's hydro power capacity, the article emphasizes R.K. Singh's strategic vision, promising a dynamic and sustainable energy future.

The stock up by 29.18 per cent in 1 year, and has delivered remarkable multibagger returns of 153.24 per cent over the last three years. Backed by a resilient order book and a ambitious target CAPEX of Rs 10,857 Crore for FY24 on a consolidated basis, NHPC demonstrates unwavering commitment to sustained and robust growth.

Disclaimer: The article is for informational purposes only and not investment advice.