NHPC rises on winning bid to develop 200 MW Solar Power Project at Khavda

18 Mar 2024 Evaluate

NHPC is currently trading at Rs. 83.46, up by 0.49 points or 0.59% from its previous closing of Rs. 82.97 on the BSE.

The scrip opened at Rs. 84.09 and has touched a high and low of Rs. 85.90 and Rs. 83.10 respectively. So far 9311501 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 115.84 on 05-Feb-2024 and a 52 week low of Rs. 38.70 on 28-Mar-2023.

Last one week high and low of the scrip stood at Rs. 91.90 and Rs. 73.70 respectively. The current market cap of the company is Rs. 83705.28 crore.

The promoters holding in the company stood at 70.95%, while Institutions and Non-Institutions held 22.32% and 6.73% respectively.

NHPC has won the bid to develop a 200 MW capacity Solar Power Project to be set up in the 1,125 MW RE Park of Gujarat State Electricity Corporation (GSECL) at Khavda in Kachchh district of Gujarat.

The project will generate about 473 million units of electricity in the first year of commissioning and the cumulative energy generation from the project over a period of 25 years would be about 10,850 million units. NHPC will develop the project on a build-own-and-operate basis at a tentative development cost of Rs 847 crore.

The e-reverse auction for the project was conducted by Gujarat Urja Vikas Nigam on March 2, 2024 and the Letter of Intent has been issued by it on March 14, 2024. The project has been secured at a tariff of Rs 2.66 per unit and will be completed in a period of 18 months.

NHPC is engaged in electric power generation by hydroelectric power plants. The company is also engaged in contracts, project management and consultancy works.


NHPC Share Price

96.70 2.96 (3.16%)
14-May-2024 12:52 View Price Chart
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