NHPC Approves 1200 MW Solar Park Project in Uttar Pradesh and ₹2,000 Crore Bond Issue

On 23rd April 2025, NHPC Limited held a significant Board of Directors meeting to deliberate and decide on key infrastructural and financial matters. The spotlight was on renewable energy expansion and resource mobilisation, reflecting NHPC’s strategy to support India’s green energy mission.

Approval of 1200 MW Solar Park in Jalaun

A major highlight of the meeting was the approval for developing a 1200 MW solar park in the Jalaun district of Uttar Pradesh. The project will be executed by Bundelkhand Saur Urja Limited (BSUL), a subsidiary of NHPC and a joint venture with the Uttar Pradesh New & Renewable Energy Development Agency. This initiative will be carried out under the Ministry of New and Renewable Energy’s (MNRE) Mode 8-UMREPP scheme. With an estimated project cost of ₹796.96 crore, NHPC is set to invest ₹239.09 crore in equity, marking a substantial step toward increasing solar capacity in northern India.

Financial and Corporate Governance Resolutions

In addition to the solar initiative, the Board approved the issuance of Unsecured, Redeemable, Taxable, Non-Convertible, Non-Cumulative AF-Series Bonds worth up to ₹2,000 crore via private placement. This bond issue is part of NHPC’s borrowing plan for the financial year 2025–26 and is intended to support operational and project-based funding needs.

The Board also recommended the appointment of M/s Akhil Rohatgi & Co., Company Secretaries, Delhi, as the secretarial auditor for the next five financial years. This proposal will be placed before shareholders in the upcoming Annual General Meeting. The firm brings extensive experience with both government and private sector organisations.

Read More: NHPC Share Price Rises Over Sector Despite Conflicting Long-Term Signals

NHPC Share Performance 

As of April 24, 2025, 9:50 AM, NHPC share price is trading at ₹90, reflecting a 0.40% decline from the previous closing price. Over the past month, the stock has surged by 7.64%.

Conclusion

The Board meeting highlighted NHPC’s dual focus on sustainable energy development and robust financial planning. With the greenlighting of a major solar project and funding strategies, the company reaffirms its role in driving India’s renewable energy agenda.

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