At 10.28 am, the stock was at Rs 37.75 up by 4.86 per cent. The scrip touched a high of Rs 39.75 and low of Rs 36.75 in early trade. The total traded shares at this time is 85825232.
NHPC is the largest hydroelectric generator in India with 13 stations operating and an installed capacity of 5,175MW. The company plans to nearly double its standalone capacity to 9,797MW by FY16. Moreover, the company is in the process of adding 4,622MW of fresh capacity, through 11 projects.
The company raised Rs 6,000 crore through its initial public offer (IPO) that closed on August 12. It had come out with 167.73 crore shares in the primary market in the price band of Rs 30-36.
Over one-third stake is being held by the government in NHPC, which is the sole promoter of the company.
The IPO proceeds would be used to part fund the company's ongoing investments in 11 projects. It also has plans to add 14,000 MW of power by 2020 for which it has either completed survey of projects or was in the process of surveying several others.
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