NHPC Ltd approves proposal for monetization of asset

The Board of Directors of NHPC Ltd in its meeting held on Friday, December 22, 2023 (commenced at 12:30 P.M. and concluded at 03:30 P.M.) had considered and approved the proposal for monetization of future cash flow (consisting Return on Equity) in respect of Kishanganga Power Station or any other Power Station(s) of the Company for 8/10 years in single tranche during financial year 2023-24 or beyond.

Shares of NHPC Limited was last trading in BSE at Rs. 64.76 as compared to the previous close of Rs. 63.39. The total number of shares traded during the day was 1284201 in over 5571 trades.

The stock hit an intraday high of Rs. 65.29 and intraday low of 63.20. The net turnover during the day was Rs. 82332576.00.

Source : Equity Bulls

Keywords

NHPC INE848E01016 AssetMonetization