NHPC rose 1.49% to Rs 20.40 after the company said it inked an MoU with Green Energy Development Corporation of Odisha for developing floating solar energy projects in the state.
NHPC has signed a memorandum of understanding (MOU) with Green Energy Development Corporation of Odisha (GEDCOL), a leading State PSU in the renewable energy sector, for development of 500 megawatts (MW) floating solar projects in Odisha under ultra mega renewable energy power parks (UMREPP).The parties also agreed to explore further potential of installing floating solar projects after joint identification in subsequent periods in Odisha, it added.
NHPC is engaged in electric power generation by hydroelectric power plants. The firm is also engaged in contracts, project management and consultancy works.
As of 31 March 2020, the Government of India held 70.95% stake in the company.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app