Stock Report

NHPC signs JV agreement with partners of NHPTL

Posted On : 2024-04-23 23:55:25( TIMEZONE : IST )

NHPC signs JV agreement with partners of NHPTL

NHPC limited has signed a Supplementary JV Agreement with JV Partners of National High Power Test laboratory Pvt. Ltd. (NHPTL) i.e. NTPC, POWERGRID, DVC, CPRI and NHPTL for sale of partial stake in NHPTL (an unlisted company) on 23.04.2024.

The revised equity shareholding of POWERGRID in NHPTL shall be 50%, remaining fifty (50%) percent of equity shall be held equally by the other four Parties (i.e., 12.5% each of NHPC, NTPC, DVC & CPRI). Before signing of SJVA-3, equity holding of each promoter was 20%. Hence, post completion of transactions, NHPTL will cease to be Associate Company of NHPC Limited.

Shares of NHPC Limited was last trading in BSE at Rs. 89.76 as compared to the previous close of Rs. 88.55. The total number of shares traded during the day was 6115113 in over 19913 trades.

The stock hit an intraday high of Rs. 90.59 and intraday low of 88.90. The net turnover during the day was Rs. 550111048.00.

Source : Equity Bulls


NHPC INE848E01016 SupplementaryJVAgreement NHPTL