NHPC share price target 2023, 2024, 2025, and 2030: In this article, you will learn about NHPC share price target 2023, 2024, 2025, and 2030, along with the fundamentals and financials of the company.
For every investor, it is important to know about the company in which they are investing, to get the confidence to hold the stock for the long term. To make it clear for you, in this article we have mentioned NHPC share price target 2023, 2024, 2025, and 2030, along with the fundamentals of the company.
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In the future power consumption will increase drastically as India is a growing economy, which will lead to huge opportunities for power sector companies to increase their business profitability and revenues, by considering all these factors, NHPC share price target for 2022 is Rs 38.
| NHPC share price target 2022 |
| Rs 38 |
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NHPC Share Price Target 2023
NHPC along with its subsidiary/ joint venture companies is presently engaged in the construction of seven hydroelectric projects with an aggregate installed capacity of 5,894 MW. Out of these hydroelectric projects, Parbati-II and Subansiri Lower with an aggregate installed capacity of 2,800 MW are being implemented on a standalone basis and the remaining projects are being executed through subsidiary/ joint venture companies.
NHPC is moving ahead aggressively to expand its footprints in the renewable energy landscape. NHPC has signed MoU with the Indian Renewable Energy Development Agency Limited (IREDA) on January 8, 2021, for cooperation in the field of Renewable Energy. Under the Ultra Mega Renewable Energy Power Parks (UMREPPs) scheme of the Ministry of New and Renewable Energy, Govt. of India, NHPC has undertaken a development process for solar projects of aggregate capacity of 1,150 MW in the states of Odisha (500 MW), Rajasthan (600 MW) and Kerala (50 MW).
NHPC is also exploring possibilities for the development of solar parks in various other states under the UMREPP scheme of MNRE. As NHPC is aggressively entering into new business segments, NHPC share price target for 2023 is Rs 52.
| NHPC share price target 2023 |
| Rs 52 |
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NHPC Share Price Target 2024
India is ranked sixth in the list of countries to make significant investments in clean energy at US$ 90 billion and is the only country among the G20 nations that are on track to achieve the targets under the Paris Agreement. As per the Central Electricity Authority (CEA) estimates, the share of renewable energy generation in India would increase from 18% to 44% by 2029-30. Growing population along with increasing electrification and per-capita usage is expected to provide the impetus for power consumption
Power consumption is estimated to reach 1,894.7 TWh in 2022. The Ministry of Power (MoP), Govt. of India has released the draft National Electricity Policy (NEP), 2021 which aims to make electricity available to all households in the next five years and to supply reliable & quality power of specified standards in an efficient manner at reasonable rates.
The NEP has inter-alia introduced power quality, microgrids, pump hydro storage, real-time power markets in the draft policy statement as key focus areas. In finalization, NEP may prove to be a significant step to transform the power sector of the Country. NHPC is aggressively entering into the clean energy business which has a lot of opportunities in the future, as the government of India set ambitious goals to achieve in the clean energy sector. NHPC share price target for 2024 is Rs 74.
| NHPC share price target 2024 |
| Rs 74 |
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NHPC Share Price Target 2025
Medley of initiatives, policy decisions, and other factors such as increased consumption of power with growth in population, ambitious targets of Government of India for renewable energy, schemes for electrification (DDUGJY), schemes for strengthening transmission & distribution network (IPDS), scheme for financial and operational turnaround of DISCOMS (UDAY), increased CAPEX investment in the energy sector, etc. make the future of country’s power sector bright and convincing.
NHPC is confident and continues to play a leading and vital role in ensuring the development of the power sector, during the times to come. NHPC share price target for 2025 is Rs 102.
| NHPC share price target 2025 |
| Rs 102 |
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NHPC Share Price Target 2030
NHPC is one of India’s leading hydro power generating companies and is committed to providing affordable and reliable power to support the country’s rapidly developing economy. NHPC is presently engaged in the construction of seven hydroelectric projects with an aggregate installed capacity of 5,894 MW which includes projects being implemented through subsidiary / joint venture companies. Out of the above, two hydroelectric projects with an aggregate installed capacity of 2,800 MW are being implemented by NHPC on a standalone basis.
Further, projects having an aggregate installed capacity of 10,787.1 MW are under the clearance/approval stage on a consolidated basis. NHPC is diversifying its portfolio by taking different renewable energy projects besides venturing into the power trading business. NHPC has already commissioned one project for each of wind and solar energy.
NHPC has taken initiatives to streamline the processes by adopting new technologies in the areas of engineering for its sustainable growth. NHPC has also applied contemporary practices to reduce construction time delays as well as cost overrun.
Presently, operations of all power stations of the company are either semi or fully automated. Construction supervision, post-commissioning monitoring, and hurdle-free operations are ensured by the use of information technology. Many power stations are equipped with advanced distributed control systems along with SCADA systems. NHPC is also looking forward to the remote operation of some of its power stations.
Hydropower Potential in India
The re-assessment study of the hydroelectric potential of the country was done by the Central Electricity Authority (CEA) in 1987. According to it, the hydropower potential in terms of installed capacity is estimated at 1,48,701 MW, comprising 1,45,320 MW potential capacity from hydro-electric schemes having a capacity of above 25 MW. Therefore, the outlook of India’s hydropower generation looks promising with the expected pace of industrialization in the country and the Government of India’s mission to provide 24×7 electricity to all.
NHPC’s main business segment is hydropower, as hydropower has huge potential in India in the future as per the Cental Electricity Authority of India. NHPC share price target for 2030 is Rs 410.
| NHPC share price target 2030 |
| Rs 410 |
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NHPC Share Price Target 2023, 2024, 2025, and 2030
| Year | NHPC Share Price Target |
|---|---|
| NHPC share price target 2023 | Rs 52 |
| NHPC share price target 2024 | Rs 74 |
| NHPC share price target 2025 | Rs 102 |
| NHPC share price target 2030 | Rs 410 |
Frequently Asked Questions
Is NHPC debt-free?
No, NHPC is not a debt-free company. NHPC has a debt of 23,000 crores and a debt to equity of 0.97.
Is NHPC a good buy for long term?
Yes, NHPC is a good buy for long term. NHPC’s main business segment is hydropower, as hydropower has huge potential in India in the future as per the Central Electricity Authority of India.
What does NHPC mean?
NHPC means National Hydroelectric Power Corporation.
What is the future of NHPC share?
NHPC is moving ahead aggressively to expand its footprints in the renewable energy landscape. NHPC has signed MoU with the Indian Renewable Energy Development Agency Limited (IREDA) on January 8, 2021, for cooperation in the field of Renewable Energy. NHPC is confident and continues to play a leading and vital role in ensuring the development of the power sector. NHPC is also exploring possibilities for the development of solar parks in various other states under the UMREPP scheme of MNRE
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