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GVK Power & Infrastructure gains on commissioning 330 MW Shrinagar hydel project in Uttarakhand

05 Mar 2014 Evaluate

GVK Power & Infrastructure is currently trading at Rs. 8.95, up by 0.06 points or 0.45% from its previous closing of Rs. 8.89 on the BSE.

The scrip opened at Rs. 8.91 and has touched a high and low of Rs. 9.09 and Rs. 8.90 respectively. So far 527580 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 12.20 on 14-Mar-2013 and a 52 week low of Rs. 5.52 on 07-Aug-2013.

Last one week high and low of the scrip stood at Rs. 9.35 and Rs. 8.82 respectively. The current market cap of the company is Rs. 1410.23 crore.

The promoters holding in the company stood at 54.25% while Institutions and Non-Institutions held 17.11% and 28.64% respectively.

GVK Power & Infrastructure has commissioned its 330 MW Shrinagar hydro electric project developed on Alaknanda river in Uttarakhand. The 330 MW Hydro project is located on the Alaknanda river near Shrinagar town in Garhwal district of Uttarakhand. The hydel plant has been developed as a run of the river project and is expected to supply 12 per cent of the energy to the Government of Uttarakhand at no charge. The balance 88 per cent power generated will go to the Uttar Pradesh Power Corporation (UPPCL) under a Power Purchase Agreement.

Uttar Pradesh Chief Minister Akhilesh Yadav inaugurated the project in the presence of Samajwadi Party President and Union Minister Mulayam Singh Yadav. The project, which is 248 metres long, is 90 m high (from deepest foundation level) dam. It is expected to utilize the net head of around 66 m between the diversion dam and the power house to generate electricity. The water conductor system consists of two head race tunnels, RCC troughs, power channel and penstocks.

The Power House accommodates four vertical turbines rated at 82.5 MW each. The water released from turbines will flow into river Alaknanda through a tail race channel.GVK Power & Infrastructure is engaged in infrastructure development in areas of power, airports and roads. Incorporated in 1994, the company till date has invested over Rs 5,000 crore in infrastructure projects.

GVK Power & Infra Share Price

2.86 0.05 (1.78%)
17-Apr-2026 16:59 View Price Chart
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