NHPC gains on signing Joint Venture Agreement with APGENCO
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
NHPC is currently trading at Rs.95.61, up by 0.34 points or 0.36% from its previous closing of Rs. 95.27 on the BSE.
The scrip opened at Rs. 95.44 and has touched a high and low of Rs. 96.15 and Rs. 94.41 respectively. So far 556034 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 118.45 on 15-Jul-2024 and a 52 week low of Rs. 48.48 on 26-Oct-2023.
Last one week high and low of the scrip stood at Rs. 96.15 and Rs. 92.20 respectively. The current market cap of the company is Rs. 95056.16 crore.
The promoters holding in the company stood at 67.40%, while Institutions and Non-Institutions held 20.52% and 12.09% respectively.
NHPC has signed a Joint Venture Agreement with Andhra Pradesh Power Generation Corporation (APGENCO) on September 27, 2024 for incorporation of a Joint Venture Company for implementation of Pumped Storage Hydro Power Projects and Renewable Energy (solar/ floating solar/ wind) Projects in Andhra Pradesh.
NHPC is engaged in electric power generation by hydroelectric power plants. The company is also engaged in contracts, project management and consultancy works.
