NHPC Limited has completed a tripartite agreement for the transition of its registrar and transfer agent (RTA) services, marking an important administrative milestone for the government-owned Navratna enterprise. The company has informed stock exchanges about this development in compliance with regulatory requirements.

Agreement Details and Timeline

The tripartite agreement was executed on December 11, 2025, involving three parties in the RTA transition process. NHPC Limited received the signed copy of the agreement on December 17, 2025, completing the formal documentation process.

RTA Transition Details

The agreement facilitates the formal transition from the erstwhile RTA to the new service provider. Kfin Technologies Limited has taken over as the new registrar and transfer agent with effect from July 29, 2024, replacing Alankit Assignments Limited in this capacity.

The tripartite structure ensures proper handover procedures and continuity of shareholder services during the transition period. This arrangement aims to protect shareholder interests while maintaining compliance with regulatory standards.

Regulatory Compliance

NHPC Limited has fulfilled its disclosure obligations under Regulation 7 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company referenced its earlier communication dated July 29, 2024, indicating ongoing transparency in the RTA transition process.

The completion of this tripartite agreement represents the final step in the RTA changeover process that began several months earlier. This administrative transition is intended to ensure uninterrupted shareholder services and maintain the company's commitment to regulatory compliance and corporate governance standards.

Major Milestone Achieved

NHPC Limited has declared the Commercial Operation Date (CoD) of Unit H2 (250MW) of its flagship Subansiri Lower Hydroelectric Project, effective from 00:00 hours on December 23, 2025. This marks a significant milestone for the 2,000MW project located on the Assam-Arunachal Pradesh border.

Project Commissioning Details

The company announced the commercial operation following successful completion of trial runs for the unit. Key details of the commissioning include:

Project Progress and Future Timeline

With Unit H2 now commercially operational, NHPC has successfully brought online the first unit of this strategically important hydroelectric project. The company has indicated that the Commercial Operation Dates for the remaining seven units of the Subansiri Lower HE Project will be communicated in due course.

Overall Project Status

The Subansiri Lower Hydroelectric Project represents one of India's largest hydropower initiatives:

• Total Capacity: 2,000MW across eight units of 250MW each
• Strategic Location: Positioned on the Subansiri River at the Assam-Arunachal Pradesh border
• Project Type: Run-of-the-river configuration for sustainable power generation

Regulatory Compliance

NHPC's announcement comes in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has been providing regular updates on the project's progress through multiple communications to stock exchanges throughout the development phase.

Strategic Significance

The commencement of commercial operations at Unit H2 holds substantial importance for India's renewable energy sector:

1. Clean Energy Contribution: Adds 250MW of clean hydroelectric power to the national grid
2. Regional Development: Enhances power supply reliability in the northeastern region
3. Corporate Growth: Represents successful execution of NHPC's largest ongoing project

Investment Implications

The successful commissioning of Unit H2 presents several positive indicators for NHPC:

With the first unit now operational and generating revenue, NHPC is positioned to benefit from increased cash flows while progressing toward full project completion. The systematic commissioning of remaining units will provide sustained growth momentum for the company's hydropower operations.