NHPC gains on inking agreement for development of Solar Power Projects in Kerala

NHPC is currently trading at Rs. 19.70, up by 0.30 points or 1.55% from its previous closing of Rs. 19.40 on the BSE. The scrip opened at Rs. 19.85 and has touched a high and low of Rs. 19.90 and Rs. 19.50 respectively. So far 65,000 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 21.20 on 17-May-2013 and a 52 week low of Rs. 14.80 on 07-Aug-2013. Last one week high and low of the scrip stood at Rs. 19.90 and Rs. 18.40 respectively. The current market cap of the company is Rs. 24,232.00 crore. The promoters holding in the company stood at 85.96%, while Institutions and Non-Institutions held 5.45% and 8.59% respectively. NHPC has inked an agreement with Kerala State Electricity Board on May 08, 2014 at Thiruvanthapuram for the development of Solar Power Projects in the state of Kerala. As per this agreement NHPC shall in the first phase take up implementation of 50 MW grid linked solar power project at West Kallada Panchayat in Kollam District. NHPC is engaged in the planning, development and implementation of an integrated and efficient network of hydroelectric projects in India. It executes all aspects of the development of hydroelectric projects, from concept to commissioning.