NHPC gains after restoring Unit 3 of Chutak Power Station

NHPC rose 1.83% to Rs 16.70 at 09:48 IST on BSE after the company said that Unit 3 of Chutak Power Station has been restored yesterday, 26 August 2015.

The announcement was made after market hours yesterday, 26 August 2015

Meanwhile, the S&P BSE Sensex was up 287.67 points or 1.12% at 26,002.33

On BSE, so far 1.05 lakh shares were traded in the counter as against average daily volume of 5.84 lakh shares in the past one quarter.

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

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

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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