NHPC Limited has announced that a Promoters Agreement has been signed on 13.04.2021 between the company, Jammu & Kashmir State Power Development Corporation Limited (JKSPDCL) and Government of Union Territory of Jammu & Kashmir.
The Parties hereby decide and agree to jointly establish a Company under the name and style of "Ratle Hydroelectric Power Corporation Limited" upon the terms & conditions contained in Promoters Agreement, for implementation of Ratle hydroelectric project with installed capacity of 850 MW in the Chenab River Basin and any other Project which may be entrusted to the Company in the Union Territory of Jammu & Kashmir.
The Joint Venture Company shall be formed with the shareholding ratio of NHPC Limited - 51% and JKSPDCL - 49%.
Shares of NHPC LTD. was last trading in BSE at Rs.23.75 as compared to the previous close of Rs. 23.45. The total number of shares traded during the day was 225042 in over 429 trades.
The stock hit an intraday high of Rs. 23.9 and intraday low of 23.4. The net turnover during the day was Rs. 5316249.