NHPC surges as its arm signs MoU with Government of Rajasthan
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NHPC is currently trading at Rs. 34.70, up by 0.70 points or 2.06% from its previous closing of Rs. 34.00 on the BSE.
The scrip opened at Rs. 34.80 and has touched a high and low of Rs. 35.00 and Rs. 34.50 respectively. So far 419004 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 37.55 on 22-Apr-2022 and a 52 week low of Rs. 26.25 on 25-Aug-2021.
Last one week high and low of the scrip stood at Rs. 35.70 and Rs. 33.60 respectively. The current market cap of the company is Rs. 34956.72 crore.
The promoters holding in the company stood at 70.95%, while Institutions and Non-Institutions held 21.17% and 7.88% respectively.
NHPC’s wholly owned subsidiary -- NHPC Renewable Energy (NHPC REL) has signed a Memorandum of Understanding (MoU) with Government of Rajasthan (GoR) for Development of Ultra Mega Renewable Energy Power Park in the state of Rajasthan. The main objectives of MOU are setting up of 10 GW RE Parks (UMREPP)/ Projects at sites identified inside Rajasthan, by optimum utilization of resources and knowledge base of both Parties; develop the RE Park & projects in the areas identified. As per the MoU, Renewable Energy Projects to be developed either on EPC or Developer mode by NHPC REL.
NHPC is engaged in electric power generation by hydroelectric power plants. The company is also engaged in contracts, project management and consultancy works.
