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NHPC jumps; hydro power in focus after coal ruling

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Reuters

Reuters Market Eye - NHPC shares jump 6 percent. Traders say the focus could shift to hydro power as an alternative to coal in electricity generation.

NHPC is the top gainer in BSE large-cap stocks called "A group" and NSE equity derivatives.

Volumes at 1.4 times of the five-day average.

The Supreme Court on Monday declared coal block allocations made since 1993 illegal.

(Reporting by Abhishek Vishnoi)

 

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First Published: Aug 28 2014 | 11:52 AM IST

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