NHPC gained 1.24% to Rs 24.45 after the company said its board will meet on 17 September 2019, to consider raising debt up to Rs 2500 crore during financial year 2019-20.
The board will consider raising the debt through issuance of corporate bonds in one or more series/tranches on private placement basis and/or raising of term loans/inter-corporate loan/external commercial borrowings (ECB) in suitable tranches. The announcement was made during market hours today, 11 September 2019.
Shares of NHPC rose 1.66% in two trading sessions to its current market price of Rs 24.45, from a recent closing low of Rs 24.05 on 6 September 2019.
On BSE, 63,000 shares were traded in NHPC counter, compared to a 2-week average of 75,000 shares. The stock hit an intraday high of Rs 24.50 and an intraday low of Rs 23.50.
It hit a 52-week high of Rs 27.50 on 14 November 2018 and a 52-week low of Rs 20.85 on 2 August 2019.
NHPC's consolidated net profit rose 16.2% to Rs 989.27 crore on a 12.5% jump in net sales to Rs 2,609.95 crore in Q1 June 2019 compared with Q1 June 2018.
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NHPC is engaged in electric generation by hydroelectric power plants. The firm is also engaged in contracts, project management and consultancy works.
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