NHPC

Govt defers decision on ONGC, CIL, NHPC stake sale

Govt defers decision on ONGC, CIL, NHPC stake saleNew Delhi - The government on Wednesday deferred a decision on its stake sale in three PSUs -- ONGC, Coal India and NHPC as Finance Minister Arun Jaitley was not in town.

The Cabinet Committee on Economic Affairs did not take up the disinvestment proposals as the minister concerned was not present, Law Minister Ravi Shankar Prasad told reporters here after the CCEA meeting.

As per estimates, disinvestment in the three PSUs could yield the exchequer over Rs 40,000 crore, enough to meet the target for the current fiscal.

NHPC slashes capacity addition plan by 31%

NHPC slashes capacity addition plan by 31%Government-run hydro power producer NHPC Ltd has confirmed its decision to slash its capital expenditure plan for the current Five-Year (2012-17) Plan by 31 per cent.

The power producer said that it decided to spend Rs 20,000 crore on increasing its capacity during the five year plan period ending in March 2017, as against previously planned Rs 29,000 crore.

A senior executive from NHPC said that the company was concerned over the delays in the ongoing projects.

CAG condemns public sector hydropower companies for delay in projects

hydropowerThe Comptroller & Auditor General of India (CAG) has condemned four central public sector undertakings (PSUs), including NHPC Limited, for the inordinate delay in planning and execution of hydropower projects that cost the taxpayers more than fourteen thousand crore.

The national auditor noted in his report that NHPC Ltd, SJVN Ltd, THDC India Ltd and NEEPC Ltd in delayed planning and execution of 16 hydropower projects, which led to cost overruns 53per cent to 148 per cent to Rs 14,707 crore.

NHPC's Q1 net profit up 47.19 percent

NHPC's Q1 net profit up 47.19 percentMumbai, Aug 10 : State-run hydropower company NHPC Wednesday reported a 47.19 percent increase in net profit in the first quarter of the current fiscal at Rs. 791.05 crore as against Rs. 537.42 crore in the like period of 2010-11.

"Company has posted a net profit of Rs. 7,910.50 million for the quarter ended June 30, 2011 as compared to Rs. 5,374.20 million for the quarter ended June 30, 2010," NHPC said in a regulatory filing to the Bombay Stock Exchange (BSE).

Hold NHPC With Stop Loss Of Rs 22

Hold NHPC With Stop Loss Of Rs 22Technical analyst Rohan Mehta has maintained 'hold' rating on NHPC Limited stock with a stop loss of Rs 22 in the short-to-medium term.

The stock of the company, on May 05, closed at Rs 24.45 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 33.40 and a low of Rs 22.75 on BSE.

NHPC Ltd aims to produce more than 18.6 billion kilowatt hour (bkwh) of power in the existing fiscal year to March 2012, based on prospects of normal monsoon rains.

NHPC Q1 net profit rises 7%at Rs 537.42 crore in Q1

NHPC Q1 net profit rises 7%at Rs 537.42 crore in Q1State-run hydro power generator NHPC has declared its financial results for the first quarter the fiscal year 2010-11. According to the company, it has registered a marginal 7% rise in the net profit figure in the quarter under review.

NHPC is the largest hydro producing company of the country. It has an installed capacity of 5,295 MW in India. NHPC has posted a net profit of Rs 537.42 crore for the quarter that ended in 30th June, 2010.

Hold NHPC With Long-Term View

Hold NHPC With Long-Term ViewTechnical analyst MB Singh is of the view that investors can 'hold' NHPC Ltd stock for long term.

According to analyst, M&M stock will show good upmove on crossing its resistance of Rs 576.

Today, the shares of the bank opened at Rs 28.60 on the Bombay Stock Exchange (BSE).

NHPC Ltd recorded a 83.6% increase in its consolidated net profit, which stood at Rs 2,175.56 crore for 2009-10 financial year.

NHPC Chairman and Managing Director S. K. Garg stated NHPC's net profit was Rs 1,184.89 crore in 2008-09.

Buy NHPC For Long Term

Buy NHPC For Long TermTechnical Analyst Rajesh Tambe of Sunchan Securities has maintained 'buy' rating on NHPC stock to achieve a long term target.

According to Mr. Rajesh, interested traders can purchase the stock on declines.

Today, the shares of the company opened at Rs 30.10 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 39.75 and a low of Rs 29.60 on BSE.

The company, on April 29, inked MoU with Satluj Jal Vidyut Nigam Ltd (SJVN) and Govt of Manipur for execution of 1500 MW Tipaimukh Hydroelectric.

NHPC Ltd announces FY 2009 results: Nirmal Bang

NHPC is a hydroelectric power generating company dedicated to the planning, development and implementation of an integrated and efficient network of hydroelectric projects in India. The company executes all facets of the development of hydroelectric projects, from concept to commissioning.

NHPC IPO to open on 7th August

NHPC IPO to open on 7th AugustNHPC Limited, a Mini-Ratna Category-I public sector undertaking and hydroelectric power generating company, has decided to hit the primary market on August 7.

State-run hydel power company has fixed the price band between Rs 30 and Rs 36 per equity share for its initial public offering (IPO) of 1,67,73,014 equity share of Rs 10 each for cash at a price to be decided through a 100 per cent book-building process.

The issue will constitute 13.64 per cent of the post-issue capital of NHPC.

NHPC IPO to open on August 7

NHPC IPO to open on August 7State-owned NHPC, a hydroelectric power generating company, is entering the market with an initial public offer (IPO) on August 7, 2009.

The company plans to raise nearly Rs 6,000 crore through sale of shares in a price-band of Rs 30-36 in an IPO (initial public offer).

NHPC Limited, a Mini Ratna (Category I) Central Government Public Sector Unit is dedicated to the planning, development and implementation of an integrated and efficient network of hydroelectric projects in India.

NHPC to go for disinvestment on 7 August

NHPC1The UPA government is set to kick off its first disinvestment program as public sector Company NHPC has announced to float IPO at a price of Rs30-36 on August 7. The company aims to collect Rs 6,048 crore from the offering to be closed on 11 August.

NHPC Chairman and Managing Director, S K Garg said, "We have decided a price band of Rs30-36 for the IPO."

The move will reduce government's equity in the state owned firm to 86.36% that may have valuation of Rs 44,000 crore. NTPC will sell 168 crore shares and amount will be used to carry out its brown field expansion plans.

Centre asks Sikkim to put on hold six hydel projects

National Hydro Power Corporation LtdGangtok, July 19 : The Central Government has asked the Sikkim Government to withhold the six hydel projects in the state.

Union Ministry of Environment and Forest has refused to give environment clearance to these hydel projects.

According to official sources, Sikkim was expected to get 1047 MW power from these projects.

NHPC IPO likely to open on 7th August

NHPC IPO likely to open on 7th August State-owned NHPC, a hydroelectric power generating company, is expected to come out with its initial public offer (IPO) next month.

Under normal circumstances, the IPO is likely to hit market in the first week of August, tentatively 7th August. The public offer is expected to remain open for six days for subscription.




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