NHPC gains on getting approval for Dibang Multipurpose Project in Arunachal Pradesh
Shares of NHPC Limited have given more than 40 per cent in the last one year.
Dibang Multipurpose Project (MPP)
NHPC has received approval from Cabinet Committee on Economic Affairs for incurring expenditure on pre-investment activities and various clearances for Dibang Multipurpose Project (MPP) in Arunachal Pradesh for an amount of Rs 1600 crore. The estimated total cost of the project is Rs 28080.35 crore including IDC and FC of Rs 3974.95 crore at the June 2018 price level. The estimated completion period for the project shall be nine years from receipt of Government sanction.
The project shall generate 2880MW (12x240MW) power to produce 11223MU of energy in a 90% dependable year. This is the largest ever Hydro Electric Project to be constructed in India. The dam is 278 metres high and will be the highest dam in India once completed.
The project is located on river Dibang, in the Lower Dibang Valley District of Arunachal Pradesh. The total value of the benefit to Arunachal Pradesh from Free power and contribution to LADF will be Rs 26785 crore over the project life of forty years.
Share price movement of NHPC Limited
Today, the stock opened at Rs 38.95, with a high and low of Rs 39.95 and Rs 38.05. The stock closed trading at Rs 39.00, up by 1.83%.
The stock has a 52-week high of Rs 46.90 and a 52-week low of Rs 27.05. The company has a ROCE of 6.50% with a market capitalisation of Rs 39,278 crore.
NHPC, a Mini Ratna category I public sector utility, is the Government of India’s flagship hydroelectric generation company. It is primarily involved in the generation and sale of bulk power to various power utilities.
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