Energy Development signs Power Purchase Agreement (PPA) with HESCOM

Energy Development Company Ltd has announced that the Company has signed a Power Purchase Agreement (PPA) with Hubli Electricity Supply Company Ltd (HESCOM) in respect of its 6 Mw Harangi Phase - 2 Minihydel Project, which is subject to approval of the Karnataka Electricity Regulatory Commission (KERC).

The stock closed the day at Rs.58.75, down by Rs.1.75 or 2.89%. The stock hit an intraday high of Rs.59.75 and low of Rs.58.75. The total traded quantity was 713 shares compared to 2 week average of 9316.

Source : Equity Bulls

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