Wednesday 1 April 2015

NHPC gains on inking MOU with Ministry of Power for FY16

     NHPC, in compliance with Guidelines issued by Department of Public Enterprises (DPE), has signed an Memorandum of Understanding (MOU) dated with Ministry of Power, Government of India for the year 2015-16. The highlights of the signed MoU inter-alia includes generation target under excellent rating as 22000 MU as against last year target of 21800 MU. Target of gross sales of Rs 5439 crore and gross margin of Rs 4079.42 crore has been fixed for excellent rating.
     NHPC is an Indian Hydro Power Generation company that was incorporated with an objective to plan, promote and organize an integrated and efficient development of hydroelectric power in all aspects.
     NHPC stock price is at Rs. 20.00, up by 0.10 points or 0.50% from its previous closing of Rs. 19.90 on the BSE.

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