The shares of National Hydro Power Corporation are rising!
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NHPC said its 3rd unit at Chutak Hydro-electric Project in Kargil district had begun generating power to the extent of 11 mega watts. Chutak is a run-off-the-river project made on Suru tributary of the Indus River. It has 4 units of 11 megawatts each.
As a result, NHPC rose 0.15 rupees, or 1 percent, to 16.60 rupees on the
NHPC trades at 0.6 times its book value of 26.2 rupees. The company's market capitalisation has fallen 21 percent to 18,500 crore rupees.
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