NHPC inks MoA with Arunachal Pradesh Government for new hydroelectric projects

NHPC has inked Memorandum of Agreements with Government of Arunachal Pradesh on 12th August, 2023 at Itanagar for development of two hydroelectric projects in the State of Arunachal Pradesh with aggregate capacity of 3800 MW in the august presence of Shri R.K. Singh, Hon'ble Minister of Power and New & Renewable Energy, Govt. of India, Shri Pema Khandu, Hon'ble Chief Minister of Arunachal Pradesh and Shri Chowna Mein, Hon'ble Dy. Chief Minister of Arunachal Pradesh. Shri R.K. Vishnoi, Chairman & Managing Director, NHPC graced the occasion and the MoAs were signed by Shri Biswajit Basu, Director (Projects), NHPC.

The MOAs envisaged the development of two hydroelectric Projects namely Subansiri Upper Hydroelectric Project (2000 MW) and Kamala Hydroelectric Project (1800 MW). Subansiri Upper Hydroelectric Project is located in Upper Subansiri district and Kamala Hydroelectric Project is to be constructed in Kamale district.

Shares of NHPC Limited was last trading in BSE at Rs. 49.72 as compared to the previous close of Rs. 49.51. The total number of shares traded during the day was 3094044 in over 3174 trades.

The stock hit an intraday high of Rs. 50.20 and intraday low of 49.18. The net turnover during the day was Rs. 153714463.00.

Source : Equity Bulls

Keywords

NHPC INE848E01016 MoA ArunachalPradeshGovernment Itanagar HydroElectricProjects