NHPC Ltd.
BSE: 533098 | NSE: NHPC
Mid Cap | Power Generation/Distribution
84.37
2.97 (3.65%) NHPC’s Project in HP Held up Due to Contractual Problems
Date: 24-03-2011Contractual issues at its hydro power project in Himachal Pradesh may deter state-run NHPC's ambitious plans of adding over 5,000 MW by March 2012. The company which is setting up an 800 (4x200) MW hydro power project at Parbati in the state is fighting a legal battle with the plant's contractor.
NHPC is involved in litigation with one of the contractors; the matter has been on for the past 3-4 years. The matter is in district court and the judgment was expected next month.