NHPC Limited has informed the Exchange about General Updates on Subansiri Lower HE Project (2000 MW) of NHPC Limited
NHPC · price
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Awaiting price reaction for this filing.
NHPC has informed the exchanges that clearance from the National Dam Safety Authority (NDSA) is still awaited before it can start commercial operation of 3 units of 250 MW each (totalling 750 MW) at its 2000 MW Subansiri Lower Hydro Electric Project. This is the latest in a series of updates on this issue dating back to October 2023, suggesting the regulatory clearance has been pending for a considerable time. The remaining capacity of the 2000 MW project appears to already be in commercial operation. No new timeline for the NDSA approval has been provided, and NHPC has said further developments will be shared in due course.
The 750 MW awaiting clearance represents a meaningful chunk of the project's capacity, and each delay postpones the revenue NHPC can earn from selling that power. For shareholders, the announcement itself is not negative news but confirms an ongoing delay — the stock is likely to react positively only when the actual NDSA clearance is received and commercial operation begins.