New Delhi: State-owned NHPC Limited has informed stock exchanges that its shareholding and voting rights in Ratle Hydroelectric Power Corporation Limited (RHPCL) have temporarily declined from 59.51% to 49.72%. The move comes after Jammu and Kashmir State Power Development Corporation Limited (JKSPDCL), a co-promoter of RHPCL, infused additional equity into the company.
NHPC stressed that this reduction in its holding is temporary, and its stake in RHPCL will rise once it contributes matching equity, which is currently under process.
Equity Infusion by J&K State Power Development Corporation
The temporary change in NHPC’s shareholding follows the capital contribution by JKSPDCL, which increased the equity of RHPCL. As a result, NHPC’s percentage holding was reduced, though the absolute value of its investment remains unchanged. NHPC confirmed that once it participates in the ongoing equity infusion, its shareholding and voting rights in RHPCL will revert to a higher level.
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About the Ratle Hydroelectric Project
Ratle Hydroelectric Power Corporation Limited is implementing the Ratle hydropower project in Jammu and Kashmir. The project is jointly promoted by NHPC and various government entities of Jammu and Kashmir. The project is expected to boost the region’s hydropower generation capacity and contribute to the state’s renewable energy goals.
About NHPC
NHPC Limited is a premier public sector undertaking and government-owned hydroelectric power generation company in India. Established in 1975, it is involved in the development and operation of hydro, solar, and other renewable energy projects across the country, playing a key role in strengthening India’s energy security and sustainable power generation capacity.
