Hydropower stocks such as NHPC and SJVN are trading in the green territory. NHPC is majorly contributing to BSE Power gains. NHPC was trading higher by 5.4% at Rs 33.20 per share at 1004 hours IST. It also hit a 52-week high value of Rs 34.25.
SJVN was up by 3.2% at Rs 33.35 per share. The stock also witnessed a spurt in the volume by more than 4.10 times.
The bailout package will provide a 4 percent interest subvention to projects with a total capacity of 11,639 megawatts (MW) and enable the creation of a Hydro Power Development Fund, reported a national news portal.