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NHPC advances on plan to spend Rs 3,000 crore on solar, wind projects

29 Jun 2016 Evaluate

NHPC is currently trading at Rs. 25.10, up by 0.20 points or 0.80% from its previous closing of Rs. 24.90 on the BSE.

The scrip opened at Rs. 25.20 and has touched a high and low of Rs. 25.25 and Rs. 25.00 respectively. So far 3,88,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 25.60 on 17-Jun-2016 and a 52 week low of Rs. 15.55 on 25-Aug-2015.

Last one week high and low of the scrip stood at Rs. 25.25 and Rs. 23.10 respectively. The current market cap of the company is Rs. 30,936.37 crore.

The promoters holding in the company stood at 85.96%, while Institutions and Non-Institutions held 6.99% and 7.05% respectively.

In order to set up solar and wind projects across India, NHPC is planning to invest around Rs 3,000 crore over the next five years. The company is looking at opportunities in states like Maharashtra, Andhra Pradesh, Kerala, Uttar Pradesh and Tamil Nadu, among others.

NHPC is an Indian Hydro Power Generation company that was incorporated with an objective to plan, promote and organize an integrated and efficient development of hydroelectric power in all aspects.


Peers
Company Name CMP
NTPC 327.00
Tata Power 361.00
Adani Power 202.35
Power Grid Corpn. 263.50
Adani Energy Solut. 1350.00
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