NHPC Gains After Signing PPA With Tata Power – Delhi Distribution


Stocks of NHPC gained as the company announced that it has signed a power purchase agreement (PPA) with Tata Power – Delhi Distribution. The stock on the NSE rose 2% on an intraday basis on Friday. So far, 2.20 lakh shares were traded in the counter on the BSE as against average daily volumes of 10.26 lakh shares in the past one quarter.

The stock during the day on the NSE hit an intraday low of Rs 30.20; and an intraday high of Rs 30.70. While on February 7, 2017 the stock had hit its 52-week high of Rs 31.75; and on May 4, 2016 a 52-week low of Rs 20.45.

NHPC Limited is engaged in electricity generation. The company is engaged in electric power generation by hydroelectric power plants; and undertakes contracts, project management and consultancy works.

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