Stock under Rs 50: This power generation PSU company receives a Rs 1007.60 crore order from Gujarat Urja Vikas Nigam!
Shares of this company gained over 35 per cent in the last one year.
NHPC Limited, a Mini Ratna public sector utility, is the Government of India’s flagship hydroelectric generation company. The company informed in the exchange filling that Gujarat Urja Vikas Nigam Limited (GUVNL) had issued a Letter of Intent dated May 16, 2023, to the company for a 200 MW capacity Solar Power Project within 600 MW GSECL’s Solar Park at Khavda. The estimated financial implication for the said Solar Power Project would be Rs 1,007.60 crore.
NHPC Limited is primarily involved in the generation and sale of bulk power to various Power Utilities. Its other business includes providing project management, construction contracts and consultancy assignment services and trading of power.
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On Friday, the stock opened at Rs 43.90, with a high and low of Rs 44.44 and Rs 43.30. The stock closed trading at Rs 43.96, down by 0.13 per cent. In the last one year, the shares of the company have given about 37 per cent returns and in the last 6 months, the stock has given about 4 per cent returns.
The stock has a 52-week high of Rs 47.88 and a 52-week low of Rs 28.85. The company has a ROCE of 6.50 per cent and an ROE of 10.4 per cent, with a market capitalisation of Rs 43,713 crore.