NHPC Ltd

Future Growth Expectations for NHPC Limited: - Power generation up by 15% in 9 months FY'26 due to commissioning of Parbati-II (800 MW) and increased generation from Parbati-III. - Capacity addition planned: ~2,100 MW by March 2026 and 2,744 MW hydro capacity in FY'27. - Solar capacity under construction: 1,190 MW, expected to be mostly commissioned by FY'27 end. - Pipeline projects of ~10,000 MW planned to start in 2026, including Uri-I Stage-II, Dulhasti Stage-II, Sawalkot, Subansiri Upper, Etalin, Kamala. - Pumped Storage Plants (PSPs): Planning to start construction of at least two projects (~2,000 MW) in 2026. - Expect better revenue results with signing of 2,000–3,000 MW PPAs in renewable energy sector in next 2-3 months. - Estimated generation cost for new PSPs: Rs. 4.50/unit; pumped storage cost around Rs. 7.00/unit. - Overall optimistic about strong growth in hydro, solar, pump storage, and renewable energy sectors.

- There is no explicit mention of current or planned fundraising through equity or debt in the provided sections of the NHPC Limited Q3 FY26 earnings call transcript. - However, NHPC plans significant CAPEX: Rs. 13,300 Crore for FY'26 and Rs. 15,000 Crore for FY'27, with average annual CAPEX around Rs. 12,000-13,000 Crore thereafter. - NHPC is undertaking multiple large hydro, solar, and pumped storage projects, implying potential need for capital which could include debt or equity, though specifics are not disclosed. - The company is focused on project completion and expansion but has not detailed financing sources or new fundraising plans in this transcript. - Management did not address any queries regarding new fundraising during the Q&A session. In summary, no direct information on fundraising through debt or equity is provided as of this call.