Shares of NHPC rose nearly 5 per cent today after the company signed a power purchase pact with Rajasthan as well as Inox Ltd for a 50 MW wind power project in the state.
The stock gained 4.93 per cent to Rs 25.50 on BSE. At NSE, shares of the company went up 2.46 per cent to Rs 24.95. “…a wind power purchase agreement has been singed among Rajasthan Government, NHPC and Inox on September 28 for a 50 MW wind power project in Jaisalmer, Rajasthan,” NHPC said in a filing to BSE yesterday.
As per the PPA, Rajasthan government will purchase the power generated from the project, the filing said.
During 2015-16 fiscal, NHPC power stations achieved generation of 23,404 million units.