NHPC Archives - Corporate Updates

Centre launches NHPC OFS to sell up to 6% stake

The Centre has launched an Offer for Sale (OFS) in state-run hydropower major NHPC, aiming to divest up to a 6% stake in the company as part of its disinvestment and resource mobilisation programme. The sale opened for non-retail investors on June 2, while retail investors will be able to bid on June 3.

Under the OFS, the government is initially offering a 3% stake, equivalent to around 30.12 crore shares. It also retains a greenshoe option to sell an additional 3% stake, taking the total offer size to 6% if investor demand remains strong. The floor price for the issue has been fixed at ₹71 per share, representing a discount to the prevailing market price.

At the floor price, the government could raise more than ₹4,200 crore if the entire 6% stake is sold. The proceeds will contribute to the Centre’s broader disinvestment targets for the current financial year.

The OFS structure provides an opportunity for institutional and retail investors to acquire shares directly from the government. Retail investors are expected to receive a discount on the floor price, in line with the government’s practice in previous OFS transactions.

The government currently holds a majority stake in the company. Following the OFS, its shareholding will decline, though it will continue to retain management control. The stake sale is aimed at improving public shareholding while unlocking value from government-owned enterprises.

NHPC is India’s largest hydropower development company and operates several hydroelectric projects across the country. The company has also expanded into solar and other renewable energy segments as part of its diversification strategy. With a substantial portfolio of power generation assets, NHPC remains a key player in India’s clean energy transition.

Also Read: SoftBank emerges as Japan’s most valuable company

Tata Power commissions 300 MW solar plant for NHPC

Tata Power Renewable Energy Ltd (TPREL) has commissioned a 300 MW solar power project for NHPC Ltd in the desert region of Karnisar Bhatiyan in Bikaner, Rajasthan. The project adds significant renewable capacity to the national grid and strengthens NHPC’s presence in the solar energy space.

The plant has been built using fully India-made, DCR-compliant bifacial solar modules manufactured by Tata Power’s unit in Tirunelveli. These panels are designed to generate power from both sides, helping improve efficiency in the bright and reflective desert environment. More than seven lakh solar modules have been installed across the site.

Power from the project will be supplied to Punjab State Power Corporation Ltd under a long-term agreement. Over its operational life, the plant is expected to produce more than 17,000 million units of clean electricity. This output is projected to offset nearly 14 million tonnes of carbon emissions, making the project an important contributor to India’s climate goals.

The project faced tough conditions, from the remote desert site to extreme heat and difficult logistics. To ensure durability, the company used high-performance inverters, strong foundations and installation methods designed for harsh, sandy terrain.

With this commissioning, TPREL’s total renewable capacity has reached 11.6 GW. About half of this capacity is already operational, while the remaining projects are under various stages of development. The company continues to expand its footprint in large-scale solar as part of its clean-energy strategy.

In addition to its environmental impact, the project supported local development. More than 300 workers from nearby areas were employed during construction, and local vendors were engaged for supplies and services.

Also Read: PhysicsWallah shares surge 33% on market listing day