The Indian hydropower industry is undergoing remarkable transformations, with NHPC Limited and SJVN Limited standing out as key players. The recent conferment of ‘Navratna’ status to both companies highlights their growing importance in the energy sector.
Also Read: SECL Employees Honored for Contributions to India’s 1 Billion Tonne Coal Production Milestone
NHPC, India’s premier hydroelectric power generation firm, is involved in generating and marketing bulk power to numerous utilities, alongside managing projects, construction contracts, consultancy services, and power trading.
Similarly, SJVN, or Satluj Jal Vidyut Nigam, not only produces electricity but has also expanded its services to consultancy for hydropower projects. The company is embracing global trends by diversifying into solar and wind power.
In terms of financials, NHPC has a market capitalization of Rs 82,550.10 crore, with shares trading at Rs 82.18, reflecting a 1% increase from the previous close. The stock, however, remains 30% below its 52-week high.
SJVN’s market capitalization stands at Rs 35,879.03 crore, with shares trading at Rs 91.30, showing a 1% decline from its previous close. The shares are also 43% below its 52-week high.
For Q3 FY25, NHPC saw an 11% year-on-year increase in revenue, from Rs 2,056 crore to Rs 2,287 crore, though net profits fell sharply by 47%, from Rs 623 crore to Rs 330 crore. In contrast, SJVN experienced a 24% YoY increase in revenue, from Rs 543 crore to Rs 671 crore, with net profits growing by 7%, from Rs 139 crore to Rs 149 crore.
NHPC currently contributes about 15% to India’s total hydro-electric capacity, with 6,971 MW out of 46,928 MW as of FY25. The company aims to have over 23 GW installed capacity by 2032 and more than 50 GW by 2047. Meanwhile, SJVN’s operational hydro capacity stands at 1,972 MW, with 254.5 MW of renewable energy, out of a total capacity of 2.23 GW. The company plans to install 12 GW of capacity over the next two years, aiming for 25 GW by 2030 and 50 GW by 2040.
The Indian government’s ‘Navratna’ status grants both NHPC and SJVN greater financial and operational freedom, underscoring their critical role in India’s energy future. This development is part of the country’s broader plans to increase its hydroelectric capacity by over 50% to 67 GW by 2031-32, with 15 GW of hydroelectric projects currently under development.
Also Read: Power Grid Board Approves Rs 673-Crore Investment for Transformer Converter Purchase
