NHPC (National Hydroelectric Power Corporation) has signed a Power Purchase Agreement (PPA) worth Rs 846.66 crore with Gujarat Urja Vikas Nigam Limited (GUVNL) for a 200 MW capacity solar power project. The project will be located within the Gujarat State Electricity Corporation Limited (GSECL)’s renewable energy park at Khavda (GSECL Stage-3).
Key points:
- PPA Value: Rs 846.66 crore (approx.)
- Capacity: 200 MW
- Location: GSECL’s RE park at Khavda (GSECL Stage-3)
- Scheduled Completion: 15 months from the date of PPA execution (June 27, 2024)
A 200 MW capacity solar power project is a large-scale solar energy generation facility designed to produce 200 megawatts of electricity from sunlight. This amount of power is enough to meet the electricity needs of a small city or town.
This project is a significant step towards India’s renewable energy goals and highlights NHPC’s commitment to expanding its solar power portfolio.
NHPC Limited (formerly National Hydroelectric Power Corporation) is an Indian government-owned hydropower board under the Ministry of Power. Established in 1975, NHPC is one of the largest power generating companies in India, with a total installed capacity of 7071.2 MW from 25 operational power stations.
NHPC plays a crucial role in India’s energy sector, providing clean and reliable power to millions of people. Its commitment to renewable energy sources is a significant step towards a sustainable energy future for the country.
NHPC Share Price Performance – NSE: NHPC Stock to Watch
On July 26, 2024, NHPC Limited’s share price closed at ₹104.55 on the National Stock Exchange (NSE) of India, showing an increase of 2.54% from the previous day’s closing price of ₹101.96.
Key points about NHPC’s share price performance on July 26th, 2024:
- Closing Price: ₹104.55
- Increase from Previous Day: 2.54%
- Opening Price: ₹101.95
- High: ₹107.40
- Low: ₹101.80
Analyst Ratings :
- Strong Buy: 3 analysts
- Buy: 1 analyst
- Hold: 0 analysts
- Sell: 2 analysts
Overall Outlook:
Despite mixed views, the overall outlook for NHPC is cautiously optimistic. Investors are advised to consider the company’s strong fundamentals and growth potential, while also keeping in mind the potential risks.
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