NHPC ESG Score Revised Downward by S&P Global to 57 After Teesta VI Review
S&P Global has revised the ESG score of NHPC Limited downward to 57 as on 28 August 2026. The earlier score stood at 61, which was awarded in February 2026.
The update follows a ‘Media and Stakeholder Analysis’ linked to the Teesta VI Hydro Electric Project incident that occurred on 20 July 2026. According to the intimation filed with the stock exchanges, the reduction has come in the Social (S) and Governance (G) components. The Environment (E) score remains unchanged.
NHPC has formally raised its concern with S&P Global and asked for appropriate justification behind the deduction.
The company made the disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for the information of investors and the public.
Score movement at a glance
Previous score (Feb 2026): 61
Updated score (28 Aug 2026): 57
Change drivers: Social & Governance parameters
Environment score: Unchanged
Trigger: Media and Stakeholder Analysis of Teesta VI HEP incident (20 July 2026)
NHPC, a major hydro power producer under the Ministry of Power, continues to engage with the rating agency on the matter. The revision is purely based on the agency’s assessment and does not alter the company’s operational status or project pipeline.
Investors and stakeholders can refer to the official exchange filings for the complete communication issued by the Company Secretariat