NHPC surges on getting pre-investment approval for Sawalkot HE Project
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NHPC is currently trading at Rs. 34.20, up by 0.75 points or 2.24% from its previous closing of Rs. 33.45 on the BSE.
The scrip opened at Rs. 33.65 and has touched a high and low of Rs. 34.50 and Rs. 33.45 respectively. So far 478123 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. 25.25 on 11-Aug-2021.
Last one week high and low of the scrip stood at Rs. 34.50 and Rs. 31.55 respectively. The current market cap of the company is Rs. 33701.09 crore.
The promoters holding in the company stood at 70.95%, while Institutions and Non-Institutions held 20.96% and 8.09% respectively.
NHPC has received pre-investment approval from Ministry of Power, Govt. of India for Sawalkot HE Project (1856 MW) in UT of Jammu & Kashmir for an amount of Rs 973 crore at November, 2021 price level. The Project is being implemented by NHPC.
NHPC is engaged in electric power generation by hydroelectric power plants. The company is also engaged in contracts, project management and consultancy works.
