NHPC rises on inking pact with HDFC Bank to monetise RoE of Chamera-I Power Plant
NHPC is currently trading at Rs. 27.55, up by 0.30 points or 1.10% from its previous closing of Rs. 27.25 on the BSE.
The scrip opened at Rs. 27.50 and has touched a high and low of Rs. 28.20 and Rs. 27.45 respectively. So far 189274 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 37.00 on 18-Oct-2021 and a 52 week low of Rs. 23.10 on 26-Mar-2021.
Last one week high and low of the scrip stood at Rs. 30.20 and Rs. 27.15 respectively. The current market cap of the company is Rs. 27824.75 crore.
The promoters holding in the company stood at 70.95%, while Institutions and Non-Institutions held 21.11% and 7.94% respectively.
NHPC has inked a pact with HDFC bank to securitise return on equity (RoE) of its 540-MW Chamera-I Power Plant in Himachal Pradesh for 10 years. The amount of the securitisation facility has been arrived Rs 1,016.39 crore or 5.24 per cent per annum discounting rate linked with three-month T-bills.
In December 2021, NHPC's board had approved the proposal for monetisation by securitisation through bidding process of return on equity of Chamera-1 Power Station (3 X 180 MW), Himachal Pradesh, and further to monetise RoE of one or more power stations for 5 or 10 or 15 years in one go or rollover.
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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