NHPC Board Clears ₹5,702 Crore Investment for Two Major Hydro Projects in J&K

New Delhi, February 20: State-run hydropower major NHPC Limited has approved investment proposals worth ₹5,702.91 crore for two hydroelectric projects in the Union Territory of Jammu & Kashmir.

The decision was taken at the company’s Board of Directors meeting held on Friday, February 20, 2026, according to a regulatory filing submitted to BSE Limited and National Stock Exchange of India Limited under SEBI (LODR) Regulations.

Projects Approved

1. Uri-I Stage-II Hydroelectric Project (240 MW)
The board approved an investment of ₹2,708.95 crore for the project at completion cost level.

• ₹264.31 crore allocated towards Interest During Construction (IDC)

• ₹26.20 crore for enabling infrastructure

• Proposed start date: March 1, 2026

2. Dulhasti Stage-II Hydroelectric Project (260 MW)
An investment of ₹2,993.96 crore has been cleared.

• ₹289.06 crore towards IDC

• ₹245 crore for enabling infrastructure

• Proposed start date: March 1, 2026

Both projects are subject to signing of implementation agreements between NHPC and the Government of Jammu & Kashmir/JKSPDC, along with necessary statutory approvals.

With a combined capacity addition of 500 MW, the projects are expected to strengthen renewable energy generation and power infrastructure in the region.

NHPC shares are listed under Scrip Code 533098 on BSE and “NHPC” on NSE.