NHPC signs agreement with Govt of Odish and Odisha Hydro Power Corporation

NHPC, an Indian electric utilities company, announced that it has signed promoters’ agreement with government of Odisha and Odisha Hydro Power Corporation on December 21st 2013.

The agreement is for formation of a joint venture company for implementation of 6 hydroelectric projects with an aggregate installed capacity of 1020 MW.

Shares of the company gained INR 0.05 or 0.27%, to trade at INR 18.75. The total volume of shares traded was 540,047 at the BSE.

Source – Strategic Research Institute

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