NHPC Limited has informed the Exchange regarding 'Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The details given in the attached letter.
NHPC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
NHPC's subsidiary NHDC Limited has received an income tax demand notice of Rs. 231.78 crore (including interest of Rs. 45.31 crore) from the Income Tax Department for Assessment Year 2024-25. The order was passed on March 26, 2026, and NHDC was informed via SMS on March 27, 2026. NHDC believes the demand arose because the assessing officer did not consider eligible MAT Credit of Rs. 184.37 crore that NHDC had factored in, and is filing a rectification application under Section 154 of the Income Tax Act. The company has historically been allowed this MAT Credit under Section 115JAA and expects no material impact on its finances or operations. Separately, NHPC's shareholding in another subsidiary, Ratle Hydroelectric Power Corporation Limited (RHPCL), has increased from 49.72% to 51% after NHPC released its matching equity contribution, making RHPCL a majority-owned subsidiary.
The Rs. 231.78 crore tax demand on NHDC is significant in size but appears to be largely a technical dispute over MAT Credit treatment, which NHDC expects to be resolved in its favour. The increase in NHPC's stake in Ratle Hydroelectric Power Corporation to 51% strengthens NHPC's control over the project and is mildly positive for project execution certainty. Overall, no immediate negative impact on NHPC's financials is expected.