NHPC share price: Government company NHPC has entered into a joint venture agreement with Andhra Pradesh Power Generation Corporation (AP Genco) for the implementation of pumped storage hydropower projects and other renewable projects in Andhra Pradesh. The company said it has been decided to jointly implement 2 Pumped Storage Projects (PSP) – Yaganti (1000 MW) and Rajupalem (800 MW) projects in the first phase. After this, other projects will be identified in the next phase.
Chief Minister was also present
The agreement was signed by NHPC Chairman and MD RK Choudhary and AP Genco Managing Director KVN Chakradhar Babu. Chief Minister N Chandrababu Naidu was present on this occasion. This is an important step towards developing energy storage solutions in Andhra Pradesh. This is in line with the national target of achieving 500 GW of renewable energy by 2030 and net zero carbon emissions by 2070.
Will keep an eye on the stock
Now the shares of NHPC Limited will be under watch on Monday. Currently its price is Rs 95.27. The stock closed 2% higher on Friday compared to the day before. This stock has been giving multibagger returns to investors since last one year. In July 2024, the share price was up to Rs 118.45. This is the 52-week high of the stock. The share price in October 2023 was Rs 48.48.
