NHPC Ltd.

NHPC has received approval from board of directors to merge the company's arm Jalpower Corporation (JPCL) with itself. The company had acquired Jalpower Corporation and its 120 MW Rangit Stage-IV hydro power project in March 2021 through insolvency proceedings. The Board of Directors of NHPC in its meeting held on November 10, 2022 has inter-alia approved the scheme of merger/ amalgamation.

Since the merger is between wholly-owned subsidiary and holding company, no cash or issue of new shares shall be undertaken. There will be no change in shareholding pattern post-merger.

NHPC is engaged in electric power generation by hydroelectric power plants. The company is also engaged in contracts, project management and consultancy works.