NHPC Ltd.

State owned power producer NHPC has reportedly chucked its buy-back plan with respect to its massive capital restructuring plan. The company’s Committee of Directors deliberated upon the proposal given by SBI Capital Markets and decided that this will create negative sentiments, which in turn will have an adverse impact on shareholders’ value. The directors further underscored that if the buy-back price is fixed at a discount to market price, could trigger a negative effect on the share price.

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.