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NHPC board nods to form JV for 500 MW floating Solar Power Project in Odisha; Stock up 1%

The JV is going to be between NHPC and Green Energy Development Corporation of Odisha (GEDCOL).

November 12, 2021 11:38 IST | India Infoline News Service
NHPC
The state-owned NHPC board of directors have approved the proposal to form a joint venture for the implementation of a 500 MW floating Solar Power Project in various water reservoirs in the State of Odisha.

The JV is going to be between NHPC and Green Energy Development Corporation of Odisha (GEDCOL).

The Board has also accorded its investment approval to contribute initial equity of Rs7.4cr by NHPC in the JV Company, to be promoted jointly by NHPC (74%) and GEDCOL (26%).

At around 11.36 am, NHPC was trading at Rs32.50 per piece up 1.4% on Sensex.

The stock has touched an intraday high and low of Rs32.65 per piece and Rs32.25 per piece respectively. 

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