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NHPC rises on inking wind power purchase agreement with Rajasthan government, INOX

30 Sep 2016 Evaluate

NHPC is currently trading at Rs. 24.55, up by 0.25 points or 1.03% from its previous closing of Rs. 24.30 on the BSE.

The scrip opened at Rs. 25.50 and has touched a high and low of Rs. 25.50 and Rs. 24.30 respectively. So far 37,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 28.20 on 01-Sep-2016 and a 52 week low of Rs. 16.55 on 01-Oct-2015.

Last one week high and low of the scrip stood at Rs. 26.25 and Rs. 24.10 respectively. The current market cap of the company is Rs. 30,198.00 crore.

The promoters holding in the company stood at 74.60%, while Institutions and Non-Institutions held 13.77% and 11.63% respectively.

State-owned NHPC has signed a wind power purchase agreement (PPA) with Rajasthan Government and INOX on September 28, 2016 for 50 MW Wind Power Project in Jaisalmer, Rajasthan. As per the PPA, Rajasthan Government will purchase the power generated from the project.

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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