Hydro power generator NHPC’s net profit rose seven per cent to Rs 537.42 crore for the June quarter compared to the same period last year. NHPC had a profit of Rs 502.10 crore in June quarter last year. Net sales were at Rs 1,019.71 crore compared to Rs 1,060.26 crore in the same quarter last [...]

JSW Energy, a part of Jindal South West (JSW) group headed by Sajjan Jindal, has received SEBI (Securities & Exchange Board of India) nod for IPO (initial public offering). The company is looking to raise a minimum of Rs 2,600 crore by issuing 63.22 million equity shares. IPO proceeds will be used for repayment of [...]

State-run hydro power producer NHPC has suffered generation loss of 100 million units at two of its power plants due to deficient rains. “Two of our power plants in Manipur and Himachal Pradesh have been affected by the monsoon and has suffered a loss of 100 million units,” the Chairman and Managing Director, NHPC, Mr [...]

The initial public offer of hydro power producer NHPC got subscribed over 16 times with most of the bids coming in from institutional investors. The offer, which is expected to mobilise up to Rs 6,000 crore making it the second largest IPO in the country till date after Reliance Power’s, will close on Wednesday. The [...]

NHPC is India’s largest hydro power company. NHPC has experience of developing and executing hydroelectric projects. The company has managed the development and implementation of 13 hydroelectric projects, including two through its subsidiary, NHDC. NHPC has 5,175MW of existing generation capacity and is likely to almost double this over the next 4-5 years. This is [...]

Central government enterprise, National Hydroelectric Power Corporation (NHPC) will raise Rs 6,000 crore from the Initial Public Offer (IPO), which will hit the market on August 7. “Rs 4,000 crore will be used to finance the under construction projects of the company while Rs 2,000 will be given to the government of India,” NHPC Director [...]

The much-awaited Initial Public Offer of state-owned NHPC to raise Rs 1,680 crore is likely to see light of the day on August 7, next month. NHPC would infuse 10 per cent fresh equity through this public offer to raise Rs 1,680 crore, while the government will divest its five per cent stake in the [...]

The country’s largest hydro-electric power producer, NHPC, will raise Rs 1,670 crore through its initial public offering in August this year. “NHPC’s IPO will come in August and the company has already started the road shows for the same,” the Power Secretary, Mr H S Brahma told reporters here.