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18-Jul2017

NHPC gains on inking power purchase agreement with BSES Rajdhani Power

NHPC is currently trading at Rs. 31.60, up by 0.35 points or 1.12% from its previous closing of Rs. 31.25 on the BSE.

The scrip opened at Rs. 31.30 and has touched a high and low of Rs. 31.60 and Rs. 31.30 respectively. So far 11,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 34.50 on 22-Jun-2017 and a 52 week low of Rs. 23.95 on 04-Aug-2016.

Last one week high and low of the scrip stood at Rs. 32.30 and Rs. 30.95 respectively. The current market cap of the company is Rs. 38,685.00 crore.

The promoters holding in the company stood at 74.50%, while Institutions and Non-Institutions held 14.89% and 10.61% respectively.

NHPC has signed a Power Purchase Agreement (PPA) with BSES Rajdhani Power (BRPL) in respect of seven power stations namely Bairasiul, Salal, Tanakpur, Chamera-I, Uri-I, Sewa-II and Chamera-III on July 14, 2017. The company has signed the same for a period of 35 years from the date of commercial operation (COD) of respective power stations.

NHPC is engaged in electricity generation. The company is engaged in electric power generation by hydroelectric power plants. The company is also engaged in contracts, project management and consultancy works.



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