NHPC rose 0.75% to Rs 20.25 at 15:45 IST on BSE after the company said that unit 3 of Chutak Power Station in Jammu & Kashmir has started generation on 12 January 2016 after being under complete shutdown due to problem in water parts.
The announcement was made by the company during market hours today, 14 January 2016.Meanwhile, the BSE Sensex was down 49.17 points, or 0.2%, to 24,804.94.
On BSE, so far 4.24 lakh shares were traded in the counter, compared with an average volume of 5.61 lakh shares in the past one quarter. The stock hit a high of Rs 20.70 and a low of Rs 19.60 so far during the day. The stock hit a 52-week high of Rs 22.35 on 6 January 2016. The stock hit a 52-week low of Rs 15.55 on 25 August 2015. The stock had outperformed the market over the past one month till 13 January 2016, rising 6.07% compared with Sensex's 0.76% fall. The scrip had also outperformed the market in past one quarter, gaining 15.85% as against Sensex's 7.42% fall.
The large-cap company has an equity capital of Rs 11070.67 crore. Face value per share is Rs 10.
NHPC on 12 November 2015 had said that unit no. 2 and 3 of Chutak power station was completely shut down due to certain technical reasons from 25 October 2015 and 31 October 2015, respectively.
NHPC's net profit surged 72.6% to Rs 1180.87 crore on 11.9% rise in net sales to Rs 2334.24 crore in Q2 September 2015 over Q2 September 2014.
NHPC was incorporated in the year 1975 with an objective to plan, promote and organise an integrated and efficient development of hydroelectric power in all aspects. Later on NHPC expanded its objects to include development of power in all its aspects through conventional and non-conventional sources in India and abroad.
As per the shareholding pattern, the government of India holds 85.96% stake in NHPC as at 30 September 2015.
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