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NHPC, SJVN rally on reports of bailout package to hydropower sector

SJVN soared 9% to Rs 35.15, while NHPC surged 8% to Rs 34.05 on BSE in early morning trade

SI Reporter  |  Mumbai 

hydro power
hydro power

Shares of state-owned electric utilities companies such as and rallied more than 5% each in early morning trade on reports that the government has decided to provide a Rs 16,000-crore bailout package to the hydropower sector, drowning under a spate of stalled and stressed projects.

“This package includes a 4% interest subvention to projects with total capacity of 11,639 Mw and the creation of a Power Development Fund. The fund would be financed with either coal cess, or from the National Clean Energy Fund or the pool for the Development of North Eastern Region (DONER),” the Business Standard report suggests. CLICK HERE TO READ FULL REPORT.


surged as much as 8% to Rs 34.05, also its 52-week high on the BSE. The stock settled at Rs 33, up 5%. 

also ended at Rs 33, up nearly 3% after soaring 9% to Rs 35.15 in intraday trade. 

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NHPC, SJVN rally on reports of bailout package to hydropower sector

SJVN soared 9% to Rs 35.15, while NHPC surged 8% to Rs 34.05 on BSE in early morning trade

SJVN soared 9% to Rs 35.15, while NHPC surged 8% to Rs 34.05 on BSE in early morning trade
Shares of state-owned electric utilities companies such as and rallied more than 5% each in early morning trade on reports that the government has decided to provide a Rs 16,000-crore bailout package to the hydropower sector, drowning under a spate of stalled and stressed projects.

“This package includes a 4% interest subvention to projects with total capacity of 11,639 Mw and the creation of a Power Development Fund. The fund would be financed with either coal cess, or from the National Clean Energy Fund or the pool for the Development of North Eastern Region (DONER),” the Business Standard report suggests. CLICK HERE TO READ FULL REPORT.

surged as much as 8% to Rs 34.05, also its 52-week high on the BSE. The stock settled at Rs 33, up 5%. 

also ended at Rs 33, up nearly 3% after soaring 9% to Rs 35.15 in intraday trade. 
image
Business Standard
177 22

NHPC, SJVN rally on reports of bailout package to hydropower sector

SJVN soared 9% to Rs 35.15, while NHPC surged 8% to Rs 34.05 on BSE in early morning trade

Shares of state-owned electric utilities companies such as and rallied more than 5% each in early morning trade on reports that the government has decided to provide a Rs 16,000-crore bailout package to the hydropower sector, drowning under a spate of stalled and stressed projects.

“This package includes a 4% interest subvention to projects with total capacity of 11,639 Mw and the creation of a Power Development Fund. The fund would be financed with either coal cess, or from the National Clean Energy Fund or the pool for the Development of North Eastern Region (DONER),” the Business Standard report suggests. CLICK HERE TO READ FULL REPORT.

surged as much as 8% to Rs 34.05, also its 52-week high on the BSE. The stock settled at Rs 33, up 5%. 

also ended at Rs 33, up nearly 3% after soaring 9% to Rs 35.15 in intraday trade. 

image
Business Standard
177 22