Large-cap Stock Under Rs 100: LIC Backed Government PSU Hydro Energy Company Completes 4 Key Trial Runs At 800 MW Parbati-II Project; COD For 3 Units Declared
The LIC India holds 4 per cent of the stake in this low-priced stock, where President of India holds 67.40 per cent stake
NHPC Limited, a Government of India Navratna Enterprise, has announced an update concerning the commissioning of the Parbati-II Hydroelectric (HE) Project, located in Himachal Pradesh. The Parbati-II HE Project has a total capacity of 800 MW and comprises four units, each with a capacity of 200 MW.
The company disclosed that the trial run of Unit #4 (200 MW) was successfully completed on April 13, 2025. This development signifies the completion of trial runs for all four units, each with a 200 MW capacity. Furthermore, NHPC Limited stated that the Commercial Operation Date (COD) for Unit 1, Unit 2, and Unit 3 (each 200 MW) was declared effective from 00:00 hours on April 1, 2025. The company will announce the Commercial Operation Date (COD) for Unit 4 at a later time.
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NHPC, a Mini Ratna category I public sector utility, is Government of India’s flagship hydroelectric generation company. The company is primarily involved in the generation and sale of bulk power to various Power Utilities. Its other business includes providing project management / construction contracts/ consultancy assignment services and trading of power.
In the Quarterly Results of December 2024, the company reported a revenue of Rs 2,286.76 crore, reflecting a YoY growth of 11.25 per cent compared to Rs 2,055.50 crore in December 2023. The operating profit stood at Rs 1,021.46 crore, marking a 35.82 per cent increase from Rs 752.07 crore in the same quarter last year. However, the profit after tax (PAT) declined by 52.49 per cent to Rs 231.23 crore as against Rs 486.74 crore in December 2023.
In FY24, the company posted a revenue of Rs 9,632.16 crore, down by 9.19 per cent compared to Rs 10,607.40 crore in FY23. The net profit also declined by 7.14 per cent to Rs 3,624.42 crore from Rs 3,903.31 crore in the previous year.
The current price of the stock is Rs 84.20 with a market capitalisation of Rs 84,579.19 crore. The stock is trading at a P/E ratio of 31.2x. The ROE stands at 9.58 per cent and the ROCE is 7.36 per cent. Investors should keep an eye on this Large-Cap government-owned stock. The LIC India holds 4 per cent of the stake in this low-priced stock, where President of India holds 67.40 per cent stake.
Disclaimer: The article is for informational purposes only and not investment advice.