NHPC gains on inking MoU with Investment Board Nepal
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NHPC is currently trading at Rs. 34.85, up by 0.20 points or 0.58% from its previous closing of Rs. 34.65 on the BSE.
The scrip opened at Rs. 35.45 and has touched a high and low of Rs. 35.70 and Rs. 34.80 respectively. So far 180188 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. 25.95 on 23-Aug-2021.
Last one week high and low of the scrip stood at Rs. 35.70 and Rs. 33.40 respectively. The current market cap of the company is Rs. 34806.05 crore.
The promoters holding in the company stood at 70.95%, while Institutions and Non-Institutions held 21.17% and 7.88% respectively.
NHPC has signed Memorandum of Understanding (MoU) with Investment Board Nepal (IBN), Govt. of Nepal. The MoU is for preparation of Detailed Project Report (DPR) and development of two hydropower projects namely West Seti (750 MW) and Seti River 6 project (450 MW) in Nepal.
NHPC 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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