NHPC is currently trading at Rs. 23.90, up by 0.35 points or 1.49% from its previous closing of Rs. 23.55 on the BSE.
The scrip opened at Rs. 23.55 and has touched a high and low of Rs. 23.95 and Rs. 23.35 respectively. So far 26625 shares were traded on the counter.
The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 27.50 on 14-Nov-2018 and a 52 week low of Rs. 20.85 on 02-Aug-2019.
Last one week high and low of the scrip stood at Rs. 24.20 and Rs. 23.30 respectively. The current market cap of the company is Rs. 23856.96 crore.
The promoters holding in the company stood at 73.33%, while Institutions and Non-Institutions held 16.54% and 10.13% respectively.
NHPC has received an approval for raising of Debt up to Rs 2500 crore during financial year 2019-20 through secured, redeemable, taxable, non-cumulative nonconvertible taxable Corporate Bonds in one or more series/tranches on private placement basis and/or raising of Term loans/ Inter-corporate loans/ External Commercial Borrowings (ECB).
The Board of Directors of the company at its meeting held on September 17, 2019 has approved the same. The Board also decided that out of Rs 2500 crore, debt upto Rs 2000 crore be raised in first tranche and balance debt of Rs 500 crore be raised after the completion of exercise for recovery of dues from beneficiaries and monetization of under-utilised fixed assets.
NHPC is engaged in electric power generation by hydroelectric power plants. The company is also engaged in contracts, project management and consultancy works.