Project Update

NHPC Limited has announced significant progress on its Subansiri Lower Hydroelectric Project, marking a major milestone in India's hydropower sector.

Completion Status

The project has now reached 85% completion, demonstrating substantial advancement in its construction phase. This progress indicates that NHPC is moving closer to bringing this important hydroelectric facility online.

Project Details

• Location: Assam-Arunachal Pradesh border
• Capacity: 2,000 MW
• Type: Run-of-the-river project on the Subansiri River

Strategic Importance

The Subansiri Lower Hydroelectric Project is poised to play a crucial role in India's renewable energy landscape:

1. It will significantly contribute to the country's clean energy goals.
2. The project is expected to enhance power supply reliability in the northeastern region.
3. It aligns with India's commitment to expanding its hydropower capacity.

Challenges and Progress

Despite facing several hurdles, including environmental concerns and local protests, NHPC has made steady progress on the project:

• Overcoming initial delays and controversies
• Addressing environmental and social impact concerns
• Implementing advanced technologies for efficient and sustainable operations

Future Outlook

With 85% completion achieved, NHPC is now focusing on:

• Finalizing the remaining construction work
• Preparing for commissioning and power generation
• Ensuring compliance with all regulatory and environmental standards

Investor Implications

This development may have implications for NHPC's stock performance:

• Revenue Growth: The project's completion could potentially lead to increased power generation capacity and revenue growth for NHPC.
• Market Perception: Successful execution of such a large-scale project may improve investor confidence in NHPC's project management capabilities.
• Long-term Value: The project's contribution to India's renewable energy portfolio could enhance NHPC's long-term value proposition.

Conclusion

The 85% completion of the Subansiri Lower Hydroelectric Project marks a significant achievement for NHPC. As the project nears its final stages, investors and industry observers will be keenly watching its progress and potential impact on NHPC's financial performance and stock valuation.

NHPC Limited , India's premier hydropower company, has announced a significant change in its top leadership. The company's Board of Directors has appointed Shri Mahesh Kumar Sharma as the new Chief Financial Officer (CFO), effective November 6, 2025. This appointment marks a crucial step in NHPC's financial management strategy.

A Seasoned Financial Expert Takes the Helm

Mahesh Kumar Sharma, who currently holds the position of Director (Finance) at NHPC, brings a wealth of experience to his new role as CFO. With over 30 years of post-qualification experience, Sharma is a Fellow Member of the Institute of Chartered Accountants of India (ICAI). His expertise spans various critical areas of finance, including corporate accounts, treasury, commercial operations, and contract management.

Extensive Experience within NHPC

Sharma's journey with NHPC began as an Accounts Officer, and over the past 25 years, he has steadily risen through the ranks. His diverse experience within the company includes:

• Serving as Finance Head of NHPC's Commercial Division
• Holding the position of Chief Finance Officer at NHPC Renewable Energy Ltd., a wholly-owned subsidiary of NHPC
• Playing a crucial role in the Initial Public Offer implementation team during NHPC's listing on Indian bourses

Expertise in Hydroelectric Power Projects

Throughout his career, Sharma has developed extensive knowledge in the financial management of large-scale infrastructure projects. His deep understanding of tariff and regulatory frameworks is particularly valuable in the planning, development, and operation of hydroelectric power projects.

Professional Achievements

Sharma's professional journey is marked by several notable achievements:

• Holds a Diploma in Information Systems Audit (DISA) from ICAI, securing the All India 3rd Rank
• Served as an Executive Body Member of the Faridabad branch of Northern India Regional Council of ICAI from 2004-07
• Chaired the Faridabad branch during 2006-07
• Received the 'Best Chairman' award for Northern India by the Northern India Regional Council of ICAI for 2006-07

Implications for NHPC

The appointment of Mahesh Kumar Sharma as CFO is expected to bring a fresh perspective to NHPC's financial strategies. His extensive experience within the company and deep understanding of the hydropower sector position him well to navigate the financial complexities of large-scale energy projects.

As NHPC continues to play a crucial role in India's renewable energy landscape, Sharma's leadership in the finance department will be instrumental in driving the company's growth and operational efficiency.

This strategic appointment underscores NHPC's commitment to strengthening its financial leadership as it pursues its mission of harnessing hydropower potential in India.