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CCEA approves investment sanction to NHPC Ltd

Posted On: 2019-03-08 15:30:27

The Cabinet Committee on Economics Affairs (CCEA) has approved the investment sanction to NHPC Limited for the acquisition of M/s Lanco Teesta Hydro Power Limited (LTHPL) and the execution of balance work of Teesta Stage-VI HE Project (500 MW). The estimated cost for the above will be Rs 5748.04 crore which includes Bid amount of Rs 907 crore for acquisition of LTHPL, cost balance work of Rs 3863.95 crore and IDC & FC of Rs 977.09 crore.

Further, CCEA has also approved the investment sanction for construction of Kiru HE Project (624 MW) by M/s Chenab Valley Power Projects Private Limited (CVPPPL) in Jammu & Kashmir at an estimated cost of Rs 4287.59 crore. CVPPPL is a Joint Venture Company of NHPC Limited.

Shares of NHPC LTD. was last trading in BSE at Rs.24.8 as compared to the previous close of Rs. 23.9. The total number of shares traded during the day was 2063355 in over 3756 trades.

The stock hit an intraday high of Rs. 25.9 and intraday low of 23.9. The net turnover during the day was Rs. 52034285.


Source: Equity Bulls

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