NHPC signed an agreement to set up three power plants in a joint
venture with Orissa for an investment of Rs 2,600 crore. The company will have a
51% stake in the joint venture with Orissa-run Hydro Power Corp Ltd.
The total capacity is 320 MW and the project will be built in about
five years with an annual energy generation of 1,090 million units.
Currently, NHPC is trading at Rs 25.05 unchanged from its
previous close. The stock hit a high of Rs 25.30 and a low of Rs 25 so far
during the day. The volume of the Stock stood at 589,881 shares on NSE at 10:11
NHPC Ltd was incorporated in the year 1975 with an authorized
capital of Rs. 2000 million and with an objective to plan, promote and organize
an integrated and efficient development of hydroelectric power in all aspects