NHPC rose 0.6% to Rs 25.35 at 15:15 IST on BSE after the company announced that Unit No 3 of Teesta Low Dam HE Project stage IV at West Bengal was declared under commercial operation.
The announcement was made during market hours today, 18 July 2016. Meanwhile, the S&P BSE Sensex was down 22.51 points or 0.08% at 27,813.99.
On BSE, so far 6.12 lakh shares were traded in the counter as against average daily volume of 11.97 lakh shares in the past one quarter. The stock hit a high of Rs 25.55 and a low of Rs 21.20 so far during the day. The stock had hit a 52-week high of Rs 26.20 on 4 July 2016. The stock had hit a 52-week low of Rs 15.55 on 25 August 2015. The stock had underperformed the market over the past one month till 15 July 2016, rising 2.44% compared with 4.15% rise in the Sensex. The scrip had also underperformed the market in past one quarter, gaining 5.66% as against Sensex’s 8.62% rise.
The large-cap company has equity capital of Rs 11070.67 crore. Face value per share is Rs 10.
NHPC announced that Unit No 3 of Teesta Low Dam HE Project (TLDP) Stage IV of 160 megawatts (MW) capacity at West Bengal was declared under commercial operation from 17 July 2016 after a successful trial run.
Further, all the power generated from TLDP-IV has been allocated to the state of West Bengal and the same shall be supplied through West Bengal State Electricity Distribution Company (WBSEDCL).
NHPC’s net profit fell 83.9% to Rs 104.08 crore on 9.4% growth in net sales to Rs 1585.58 crore in Q4 March 2016 over Q4 March 2015.
NHPC was incorporated in the year 1975 with an objective to plan, promote and organise an integrated and efficient development of hydroelectric power in all aspects. Later on, NHPC expanded its objects to include development of power in all its aspects through conventional and non-conventional sources in India and abroad.
GoI currently holds 74.6% stake in NHPC (as per the shareholding pattern as on 30 June 2016).
