NHPC shares rise over 2% as Cabinet clears ₹26,069 crore investment outlay in hydroelectric project

In a regulatory filing dated April 8, the company stated that the investment proposal was cleared for the construction of the 1,720 megawatt (MW) Kamala HEP at Kamle in the Kra Daadi & Kurung Kumey districts of Arunachal Pradesh.

The installed capacity of Kamala HEP is 1720 MW, and it is expected to generate 6,870 million units (MUs) of energy annually.

The project will be implemented through a Joint Venture Company (JVC) between NHPC Ltd and the Government of Arunachal Pradesh, with the central government extending budgetary support of ₹4,743.98 crore for flood moderation.

The centre will also extend ₹1,340 crore as budgetary support for enabling Infrastructure, including construction of roads, bridges and associated transmission systems. In addition to ₹70 crore in Central Financial Assistance for the equity share of the state.

According to a Press Information Bureau (PIB) release, the state will receive 12% free power and an additional 1% earmarked for the local area development fund (LADF), along with “significant infrastructure development and socio-economic benefits for the region”.

“The district will also benefit from the construction of essential infrastructure such as hospitals, schools, marketplaces etc., to be financed from dedicated project funds of ₹8 crore. Local populace shall also be benefitted from compensations, employment and CSR activities,” it added.

Besides Kamala HEP, NHPC is working on three major hydropower projects, including Subansiri Lower (2,000 MW), Dibang Multipurpose (2,880 MW), and Etalin (3,097 MW) in Arunachal Pradesh and Assam.

All the projects will provide 12% free power to the host states and support local development through a LADF equivalent to 1% of project revenue, the PIB release noted.

Recent development

In a regulatory filing dated March 25, the company’s board of directors considered and approved the proposal regarding its borrowing plan for raising debt of up to ₹8,000 crore during the 2026-27 financial year (FY27).

The company added that it might raise those funds through “secured/ unsecured, redeemable, taxable, non-cumulative, non-convertible corporate bonds in one or more series/tranches on a private placement basis and/ or raising of term loans/ external commercial borrowings (ECB) in suitable tranches.”

NHPC stock performance

At around 10:19 AM, the stock was trading 0.77% higher at ₹77.29 per equity share.

Shares of NHPC closed 1.36% higher at ₹76.70 per unit on the NSE on Wednesday, April 8. However, the development was announced after the market closed.

The scrip has gained 2% in the past week and 5.5% over the month. However, it has declined more than 3% on a year-to-date basis.

While the stock hit a 52-week high of ₹92.34 on June 9, 2025, it touched a year’s low of ₹71.62 per equity share on March 4, 2026.

NHPC has a total market capitalisation of ₹77,648.12 crore, as of April 9, 2026, according to data on the NSE.