NHPC Ltd to form JV for 500MW floating solar power project

The Board of Directors of Company in its meeting held on Thursday, November 11, 2021 has considered and approved the proposal regarding formation of a Joint Venture Company (between NHPC Limited and Green Energy Development Corporation of Odisha Limited (GEDCOL)) for implementation of 500 MW floating Solar Power Project in various water reservoirs in the State of Odisha.

The Board has also accorded its investment approval to contribute initial equity of Rs 7.4 Crore by NHPC Limited in the JV Company, to be promoted jointly by NHPC (74%) and GEDCOL (26%).

Shares of NHPC Limited was last trading in BSE at Rs. 32.05 as compared to the previous close of Rs. 32.30. The total number of shares traded during the day was 485880 in over 2201 trades.

The stock hit an intraday high of Rs. 32.40 and intraday low of 31.75. The net turnover during the day was Rs. 15563631.00.

Source : Equity Bulls

Keywords

NHPCLimited INE848E01016 JVCompany FloatingSolarPowerProject Odisha