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Energy Development Company Ltd.

BSE: 532219 Sector: Infrastructure
NSE: ENERGYDEV ISIN Code: INE306C01019
BSE LIVE 15:41 | 18 Aug 17.50 -1.45
(-7.65%)
OPEN

18.90

HIGH

18.90

LOW

17.15

NSE 15:44 | 18 Aug 17.50 -1.35
(-7.16%)
OPEN

18.95

HIGH

18.95

LOW

17.40

OPEN 18.90
PREVIOUS CLOSE 18.95
VOLUME 91431
52-Week high 249.20
52-Week low 17.15
P/E
Mkt Cap.(Rs cr) 83
Buy Price 0.00
Buy Qty 0.00
Sell Price 17.50
Sell Qty 280.00
OPEN 18.90
CLOSE 18.95
VOLUME 91431
52-Week high 249.20
52-Week low 17.15
P/E
Mkt Cap.(Rs cr) 83
Buy Price 0.00
Buy Qty 0.00
Sell Price 17.50
Sell Qty 280.00

Energy Development Company Ltd. (ENERGYDEV) - Company History

Energy Development Company Limited was incorporated as a public limited company as on the 19th January, 1995. The company took over execution of Harangi Mini Hydro Electric Power project on BOT (Build Operate Transfer) basis for a period of 40 years from the date of commissioning of the project. The project was initially awarded to M/s. North East Energy Services ("NEES") USA, by the Government of Karnataka. Accordingly an agreement was entered between the Government of Karnataka and M/s. Public Power International Inc ("PPII") a group company of NEES acting on behalf of NEES. In accordance with this agreement a new company was incorporated on the 19th January, 1995 in the name of "Energy Development Company Limited" for executing the project. During the year 1999, the company signed Power Purchase Agreement with Karntaka Power Transmission Corporation Ltd (Formerly KEB) for sale of entire energy generated, which would be valid for 20 years. The Harangi Hydro Electric Project was finally commissioned and synchronised with the grid on 14th July, 1999.