NEW DELHI – State-run hydropower giant NHPC Limited has announced a strategic increase in its core portfolio, officially raising its stake in the Ratle Hydroelectric Power Corporation to 51%. The move, confirmed on March 29, 2026, transitions the project into a majority-owned subsidiary of NHPC.
The stake increase from 49.72% follows the allotment of additional equity shares after NHPC released its matching equity contribution. The development signals a long-term commitment to expanding India’s renewable and hydroelectric energy capacity.
Tax Dispute: NHDC Limited Receives Demand Notice
In a separate regulatory filing, NHPC informed stock exchanges that its subsidiary, NHDC Limited, has been served an income tax demand notice totaling ₹231.78 crore for the Assessment Year 2024–25.
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The Demand: The notice includes a principal tax amount and ₹45.31 crore in interest, issued by the Faceless Assessment Unit on March 26, 2026.
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The Error: NHDC clarified that the demand arose because the assessing officer failed to account for Minimum Alternate Tax (MAT) credit worth ₹184.37 crore.
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The Resolution: The company plans to file a rectification application under Section 154 of the Income Tax Act.
NHDC has stated that it expects no material financial or operational impact, as MAT credit has historically been permitted by tax authorities.
