NHPC rises on entering into MoU with Indian Army

NHPC is currently trading at Rs. 23.40, up by 0.30 points or 1.30% from its previous closing of Rs. 23.10 on the BSE. The scrip opened at Rs. 23.45 and has touched a high and low of Rs. 23.60 and Rs. 23.10 respectively. So far 58865 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 28.70 on 02-May-2018 and a 52 week low of Rs. 22.20 on 09-Oct-2018. Last one week high and low of the scrip stood at Rs. 23.85 and Rs. 23.05 respectively. The current market cap of the company is Rs. 23605.83 crore.

The promoters holding in the company stood at 73.33%, while Institutions and Non-Institutions held 16.49% and 10.19% respectively. Indian Army has entered into a memorandum of understanding (MoU) with NHPC to construct tunnels on borders with China and Pakistan for storage of ammunition and other war-related equipment.

Under the pilot project, three tunnels will be built on China border while one will be built along the Line of Control with Pakistan. NHPC is engaged in electric power generation by hydroelectric power plants. The company is also engaged in contracts, project management and consultancy works.

The post NHPC rises on entering into MoU with Indian Army appeared first on Udaipur News | Udaipur Latest News | udaipur local news.

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