Hot Pursuit     09-Jun-23
NHPC arm gets pump hydro storage site in MP
The PSU company said that its subsidiary, NHDC was allotted pump hydro storage site in Khandwa, Madhya Pradesh with estimated storage capacity of 525 MW X 6 hours, from New and Renewable Energy Department, Government of Madhya Pradesh.

NHPC is the largest organization for hydropower development in India. It has also diversified in the field of solar & wind power. As of 31 March 2023, the Government of India held 70.95% stake in the company.

The company reported 37.73% jump in consolidated net profit to Rs 643.40 crore in Q4 FY23 from Rs 467.15 crore recorded in Q4 FY22.

Shares of NHPC gained 0.74% to Rs 45.18 on the BSE.

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