NHPC Share Price Decline Despite Announcement of Unit 2 of the 2,000-MW Subansiri Project Going Live

Thursday, December 4, 2025: NHPC shares declined 0.65% today despite the company announcing that it successfully synchronized Unit 2 of the 2,000 MW Subansiri Lower Hydroelectric Project with the national grid. The 250-MW unit went online on the evening of 2 December 2025, marking a significant milestone for one of India’s largest hydropower projects.

Enhancement Of India Clean Energy Capacity

The Subansiri project will contribute to the Indian renewable energy goals tremendously. The hydel plant will also produce clean electricity of 7.421 billion units annually once it becomes fully commissioned. This will significantly decline carbon emissions and improve grid stability and assist in the long-term sustainability interests of India. NHPC observed that additional reports on the commissioning of the remaining units will be updated with the progress.

Stock Price Movement

The NHPC stock price was trading at ₹76.78, down 0.065% from the previous close, at 3:30 pm IST. The stock opened at ₹76.80, reaching an intraday high of ₹77.42 and a low of ₹76.62. NHPC’s market capitalisation stood at ₹77,130 crore, with a price-to-earnings (P/E) ratio of 35.87 and a dividend yield of 2.49%. The 52-week high and low were ₹92.34 and ₹71.00, respectively, while the latest quarterly dividend amount was ₹0.48 per share, reflecting moderate valuation and steady investor returns. 

Stable Financial Development Despite External Pressure

NHPC recorded a revenue of ₹2,994 crore in the September 2025 quarter which represents a growth of 2.5% on a year-on-year basis. The net profit also increased marginally 2.2% to ₹926 crore. Although the growth is still quantified it is compatible with the slow and long-term character of the hydropower industry. The recent development at Subansiri has the potential to raise the visibility of income in future and increase investor confidence.

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