| NHPC IPO to hit market in Aug |
| BS Reporter / New Delhi April 14, 2008 |
| The long-delayed initial public offer of National Hydroelectric Power Corporation(NHPC) -- the country's largest hydro power utility -- is set to hit the market by mid-August. Prior to the listing -- which involves an issue of new shares as well as a divestment by the government -- it will be granted a mini-ratna status (which gives financial and operational autonomy), said minister of state for power Jairam Ramesh. "The IPO is extrememly crucial for NHPC |
