NHPC gains after restoring one more unit of Chutak Power Station

NHPC gained 2.13% to Rs 16.75 at 15:05 IST on BSE after the company said that one more unit, Unit 2 of Chutak Power Station has been restored yesterday, 26 August 2015.

The announcement was made during market hours today, 27 August 2015.

Meanwhile, the BSE Sensex was up 510.31 points, or 1.98% to 26,224.97.

On BSE, so far 4.71 lakh shares were traded in the counter, compared with an average volume of 5.84 lakh shares in the past one quarter.

The stock hit a high of Rs 16.90 and low of Rs 16.55 so far during the day. The stock had hit 52-week high of Rs 22.90 on 10 September 2014. The stock hit a 52-week low of Rs 15.55 on 25 August 2015.

The stock had underperformed the market over the past one month till 26 August 2015, falling 13.23% compared with 8.53% fall in the Sensex. The stock had also underperformed the market in past one quarter, dropping 14.58% as against Sensex's 6.6% decline.

The large-cap company has an equity capital of Rs 11070.67 crore. Face value per share is Rs 10.

NHPC had said after market hours yesterday, 26 August 2015 that Unit 3 of Chutak Power Station has been restored yesterday, 26 August 2015.

NHPC's net profit rose 24.5% to Rs 767.17 crore on 6.1% rise in total income to Rs 2353.80 crore in Q1 June 2015 over Q1 June 2014.

NHPC was incorporated in the year 1975 with an objective to plan, promote and organise an integrated and efficient development of hydroelectric power in all aspects. Later on NHPC expanded its objects to include development of power in all its aspects through conventional and non-conventional sources in India and abroad.

As per the shareholding pattern, the government of India holds 85.96% stake in NHPC as at 30 June 2015.

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