ET Intelligence Group: The tide appears to be turning for India’s largest hydro power generator – NHPCNSE 0.43 %. Copious rainfall after two consecutive drought years, improved visibility on the Subansiri Lower project, and attractive valuations could fuel buying interest in the stock of NHPC.
Output increased 15.2 per cent in the four months to July this fiscal, according to data gathered by the Central Electricity Authority. Robust monsoons lately have helped cover the on-year drop of 17.5 per cent in April and 16 per cent in May due to lower water levels in glacier-based projects from weak snowfall last winter. Growth in August and September is expected to be even better.
