NHPC gains on planning to set up solar project in Odisha

26 Dec 2017 Evaluate

NHPC is currently trading at Rs. 31.15, up by 0.80 points or 2.64% from its previous closing of Rs. 30.35 on the BSE.

The scrip opened at Rs. 30.60 and has touched a high and low of Rs. 31.30 and Rs. 30.60 respectively. So far 5,41,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 34.50 on 22-Jun-2017 and a 52 week low of Rs. 25.60 on 27-Dec-2016.

Last one week high and low of the scrip stood at Rs. 31.30 and Rs. 27.80 respectively. The current market cap of the company is Rs. 31,957.00 crore.

The promoters holding in the company stood at 74.50%, while Institutions and Non-Institutions held 14.82% and 10.67% respectively.

NHPC has proposed to set up a solar project in Odisha with capacity in the range of 100-200 Mw. The company has expressed its willingness to set up the project under the 1,000 Mw solar power park scheme coming up in the state.

With this proposal, the company has joined the central PSUs that have made a beeline to put up projects in the state. NTPC, NLC (formerly Neyveli Lignite) and North Eastern Electric Power Corporation (NEEPCO), SJVN have evinced interest in participating in the state's solar park programme.

In addition, the company has evinced interest for the setting of 100-200 Mw solar project in Odisha for bulk power purchaser Gridco to fulfil the latter’s renewable purchase obligation with assured PPA (power purchase agreement).

NHPC is currently executing a 50 Mw solar project in Tamil Nadu and a 72 Mw wind project in Kerala. The central PSU has already commissioned a 50 Mw wind power project in Jaisalmer, Rajasthan.


NHPC Share Price

99.24 1.07 (1.09%)
17-May-2024 16:01 View Price Chart
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