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Nhpc Stake Sale

NHPC Q2 results: Net profit falls 37%, revenue rises to Rs 3,402 cr

State-owned NHPC on Thursday reported a 37 per cent fall in consolidated net profit to Rs 1,069.28 crore in the September quarter compared to the year-ago period due to exceptional expenses. It had posted a Rs 1,693.26 crore net profit for the period ended September 2023, the company said in an exchange filing. The company's total income increased to Rs 3,402.09 crore from Rs 3,113.82 crore in the second quarter of 2023-24. Expenses increased to Rs 1,831.08 crore in the second quarter of FY25 from Rs 1,573.54 crore in the year-ago quarter. According to the company filing, NHPC paid interest on contractor claims settled under the Vivad se Vishwas Il, Scheme (Contractual Disputes) of the government during the quarter and half year ended September 30, 2024 amounting to Rs 203.12 crore and Rs 350.03 crore, respectively.

NHPC Q2 results: Net profit falls 37%, revenue rises to Rs 3,402 cr
Updated On : 07 Nov 2024 | 8:11 PM IST

Institutional buyers put in bids worth Rs 6,000 cr for NHPC share sale

The government's 3.5 per cent share sale offer in NHPC on Thursday received an enthusiastic response from institutional investors, who put in bids worth over Rs 6,000 crore. In the two-day offer for sale (OFS), the government is selling over 35 crore equity shares in power producer NHPC, including a greenshoe option to sell 10 crore more, at a floor price of Rs 66 a share. At the floor price of Rs 66/share, the OFS would fetch about Rs 2,000 crore to the exchequer. The OFS would open for retail investors on Friday. "Offer for Sale in NHPC received enthusiastic response from non-retail investors today. The issue was subscribed 4.03 times of the base size (non-retail category). Govt has decided to exercise the green shoe option," the Department of Investment and Public Asset Management (DIPAM) Secretary said in a post on X. Institutional investors put in bids for 91.16 crore shares at an indicative price of Rs 68.50 a piece. The bids are worth Rs 6,000 crore cumulatively. Shares of

Institutional buyers put in bids worth Rs 6,000 cr for NHPC share sale
Updated On : 18 Jan 2024 | 5:48 PM IST

Stocks to Watch on Jan 18: HDFC Bank, NHPC, Adani Ent, IndusInd Bank, BEL

Stocks to Watch on Thursday, January 18, 2024: The ADRs of HDFC Bank tanked another 9 per cent on the New York Stock Exchange on Wednesday, after falling around 7 per cent the day before

Stocks to Watch on Jan 18: HDFC Bank, NHPC, Adani Ent, IndusInd Bank, BEL
Updated On : 18 Jan 2024 | 7:56 AM IST

Govt mulls selling $2.6 billion NHPC stake to state-run peer NTPC Ltd

The sale will boost NTPC's green portfolio as the predominantly coal-burning generator makes a gradual shift away from fossil fuels

Govt mulls selling $2.6 billion NHPC stake to state-run peer NTPC Ltd
Updated On : 24 Jul 2018 | 9:47 PM IST