29 Jun 2024

NHPC climbs on signing power purchase agreement with Gujarat Urja Vikas Nigam

NHPC is currently trading at Rs. 100.95, up by 2.35 points or 2.38% from its previous closing of Rs. 98.60 on the BSE.

The scrip opened at Rs. 98.90 and has touched a high and low of Rs. 102.85 and Rs. 98.70 respectively. So far 6674623 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 117.80 on 03-Jun-2024 and a 52 week low of Rs. 44.87 on 14-Jul-2023.

Last one week high and low of the scrip stood at Rs. 102.85 and Rs. 98.05 respectively. The current market cap of the company is Rs. 101454.85 crore.

The promoters holding in the company stood at 67.40%, while Institutions and Non-Institutions held 19.39% and 13.22% respectively.

NHPC has signed Power Purchase Agreement (PPA) with Gujarat Urja Vikas Nigam (GUVNL) on June 27, 2024 for 200 MW capacity Solar Power Project within GSECL’s RE Park at Khavda (GSECL Stage-3). As already intimated, the estimated financial implication for the Project would be around Rs 846.66 crore. The scheduled completion period for the Project is 15 months from the date of execution of PPA. 

NHPC is engaged in electric power generation by hydroelectric power plants. The company is also engaged in contracts, project management and consultancy works.