NHDC Limited (A Joint Venture of NHPC Ltd & Govt. of M.P.) and formally known as Narmada Hydroelectric Development Corporation Ltd., was set up on 1st August 2000 with its Corporate Office at Bhopal with the objective and commitment of development of hydropower and other renewal energy potential in the state of Madhya Pradesh. NHDC was entrusted with the construction of Indira Sagar Project (1000 MW) and Omkareshwar Project (520 MW) in
Narmada basin on ownership basis. Both the projects have been completed ahead of schedule in the years 2004-05 and 2007 respectively and presently, these two projects are under operation and supplying power to the state of Madhya Pradesh. The company has recently ventured into development of power projects from other conventional/non conventional sources of energies viz. thermal and wind etc. and the name of company has changed to NHDC Limited w.e.f. 24.06.09. Govt. of MP has agreed to NHDC for setting up of a thermal power project of 1320MW capacity on super critical technology based Reva thermal power project (RTPP) in
the periphery of Indira Sagar reservoir. NHDC will deploy its internal resources to meet the equity requirement of the project and shall also be responsible for executing and thereafter operating RTPP. The sole beneficiary from this thermal power project shall be the state of Madhya Pradesh.
NHDC’s authorized share capital is Rs. 3,000 crores, assets of Rs. 8241.09 crores (as on 31.03.2012) and paid up capital of Rs. 1962.58 crores. It is an ISO 9001-2008 certified company. Presently, it is the largest hydropower producer in the state of Madhya Pradesh.