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NHPC jumps on signing MoU with district administration of Chamba

18 Apr 2022 Evaluate

NHPC is currently trading at Rs. 33.25, up by 1.75 points or 5.56% from its previous closing of Rs. 31.50 on the BSE.

The scrip opened at Rs. 31.55 and has touched a high and low of Rs. 33.40 and Rs. 31.35 respectively. So far 1878714 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 37.00 on 18-Oct-2021 and a 52 week low of Rs. 23.40 on 19-Apr-2021.

Last one week high and low of the scrip stood at Rs. 33.40 and Rs. 30.40 respectively. The current market cap of the company is Rs. 33500.19 crore.

The promoters holding in the company stood at 70.95%, while Institutions and Non-Institutions held 21.11% and 7.94% respectively.

NHPC has signed a memorandum of understanding (MoU) with the district administration of Chamba, Himachal Pradesh for development of green hydrogen technologies to produce hydrogen. The MoU is for development of green hydrogen technologies. As per the MoU, the company shall develop a pilot green hydrogen mobility project including hydrogen production. NHPC shall upscale hydrogen production on a commercial scale to supply the hydrogen needs for sectors like mobility, transportation, heating, micro grid.

This project will be executed by NHPC Renewable Energy (NREL), a wholly-owned subsidiary of NHPC. Besides, the research and development department of NHPC and Chamera-II Power Station of NHPC will be part of the project.

Under the project, a 300 kilowatt solar plant will be set up and its energy will be utilised for electrolysis of water to generate green hydrogen. Further hydrogen will be stored in cylinders in compressed form which will be used to run vehicles.

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

84.37 2.97 (3.65%)
17-Apr-2026 16:59 View Price Chart
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