State Bank of India Bags ₹1,390.7 Cr NHPC Contract for Monetization of Uri-II & Dhauliganga Power Stations
Contract Awarded Key Takeaways
- ✓ NHPC Limited awards ₹1,390.7 Cr contract to State Bank of India
- ✓ Project covers monetization of Uri-II and Dhauliganga Power Stations' free cash
- ✓ Five major banks participated in the bidding process
- ✓ All five bidders were technically qualified
- ✓ State Bank of India emerged as L1 and secured the contract
- ✓ Contract awarded on 8 July 2026 via EPROCURE
State Bank of India has been awarded a ₹1,390.7 crore contract by NHPC Limited for the monetization of free cash from Uri-II and Dhauliganga Power Stations in Faridabad, Haryana. The deal follows a competitive bidding process involving five qualified banks.
NHPC Limited has formally awarded a ₹1,390.7 crore contract to State Bank of India for the monetization of the free cash component (Return on Equity) from its Uri-II and Dhauliganga Power Stations. The project, located in Faridabad, Haryana, aims to monetize the cash flows for the next ten years in a single tranche during FY 2026-2027.
The tender, sourced through EPROCURE, attracted strong interest from leading public sector banks, with five bidders vying for the high-value financial services contract. State Bank of India secured the award after emerging as the lowest qualified bidder.
The Award
State Bank of India has been awarded the NHPC Limited contract for monetizing the free cash component (Return on Equity) of Uri-II and Dhauliganga Power Stations for the next ten years, with a contract value of ₹1,390.7 crore. The award was finalized on 8 July 2026 following a competitive process.
Bidders (5)
About the Project
- Project involves monetization of free cash (Return on Equity) from Uri-II and Dhauliganga Power Stations
- Covers a ten-year period, with proceeds to be received in a single tranche during FY 2026-2027
- Located in Faridabad, Haryana
- Procurement conducted via EPROCURE platform
Why It Matters
This contract enables NHPC Limited to unlock significant value from its power assets, supporting financial flexibility and future investments.
The awarding of the ₹1,390.7 crore contract to State Bank of India marks a major financial milestone for NHPC Limited's asset monetization strategy. The competitive tender underscores the strong interest from India's leading banks in large-scale infrastructure finance opportunities.
