On September 3, NHPC re-signed an MoU with Maharashtra's Department of Water Resources to develop 7,350 MW of Pumped Storage Projects (PSPs), including Kengadi, Savitri, Kalu, and Jalond. This follows a corrigendum on PSP policies. NHPC reported a 1.2% YoY increase in net profit for Q1 2024 but a slight drop in revenue and EBITDA.
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