NHPC has signed a memorandum of understanding (MOU) with the Orissa Hydro Power Corporation and Government of Orissa for setting up a joint venture company for the development of three hydroelectric projects in the state of Orissa with cumulative installed capacity of 300 MW.
The company is planning to raise about Rs 2,000 crore in FY12 mainly from the domestic market for its existing as well as upcoming projects. The company would raise the same through term loans or bonds, among others. The company, which had an installed capacity of more than 5,300 MW, has a cash surplus of over Rs 4,000 crore.
NHPC is engaged in the planning, development and implementation of an integrated and efficient network of hydroelectric projects in India. It executes all aspects of the development of hydroelectric projects, from concept to commissioning.
Company Name | CMP |
---|---|
NTPC | 358.90 |
Tata Power | 436.80 |
Power Grid Corp | 309.45 |
Adani Power | 756.65 |
Torrent Power | 1516.25 |
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