NHPC Limited has informed the Exchange about Update on commissioning of Subansiri Lower HE Project (2000 MW) of NHPC Limited

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Nifty Midcap 150market · index membership as recorded later (tracked since Jun 2026)+1.9%-1.2% vs market

Power Generation peers, median of 28sector+2.0%-1.3% vs sector

On the reaction day the stock moved 1.2 pts less than Nifty Midcap 150 and 1.3 pts less than its Power Generation peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

NHPC has declared the Commercial Operation Date (CoD) for Unit #1 (250 MW) of its 2,000 MW Subansiri Lower Hydro Electric Project, located across Assam and Arunachal Pradesh, effective from 00:00 hours on 20 March 2026. With this, 3 out of the 8 units (750 MW in total) have now achieved commercial operation — Units #1, #2, and #3. The remaining 5 units (1,250 MW) are expected to be commissioned in phases and will be announced separately. The Subansiri Lower project has been one of India's largest and most delayed hydro projects, making this commissioning a significant milestone.

Likely market impact

Positive for shareholders — this is a key milestone in NHPC's biggest hydro asset, which should boost long-term power generation revenues as more units come online. The project has faced years of delays, so each successful commissioning reduces execution risk and supports earnings visibility.