NHPC share price opens over 8 pc higher

Mumbai: Hydro power giant NHPC share price today listed over eight percent higher on the Bombay Stock Exchange.

The NHPC share price listed at a premium of over eight per cent over its original issue price. The NHPC shares opened at Rs 39 up by 8.33 percent over the issue price of Rs 36 per share.

The public sector unit has raised about Rs 6,000 crore from IPO. The NHPC IPO was over-subscribed 23 times just after its opening on August 12. The biding price range for the NHPC IPO was Rs 30-36 a share.

The Mini-Ratna sold around 168 crore shares, which comprised of five per cent stake divestment by the government and fresh equity of 10 per cent to the public.

Proceeds from the issue would be used to part-finance the construction and development costs of projects, such as Subansiri Lower, Uri-II, Chamera - III and Parbati -III.

NHPC has an installed capacity of 4,815 MW and has 11 projects under construction aggregating to a total capacity of 4,622 MW.

The company's power stations and hydro-power projects are predominantly located in the North and North East of India, Jammu and Kashmir, Himachal Pradesh, Uttarkhand, Arunachal Prades, Assam, Manipur, Sikkim and West Bengal.

It is awaiting government sanction for a further five projects with an anticipated capacity of 4,565 MW. indianachu-01