Thursday 28 August 2014

NHPC jumps as focus shifts to hydro power after coal ruling

Shares in NHPC Ltd surged as much as 6.4 per cent in trade on Thursday. Traders said the focus could shift to hydro power as an alternative to coal in electricity generation. 

NHPC was the top gainer in BSE large-cap stocks called "A group" and NSE equity derivatives. 

Volumes were at 1.4 times of the five-day average. The Supreme Court on Monday declared coal block allocations made since 1993 illegal. 


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