NHPC board nods to form JV for implementation of 850 MW Ratle Hydroelectric Project

The company’s Board has also accorded its investment approval to contribute initial equity of Rs51cr by NHPC in the JV company, to be promoted jointly by NHPC (51%) and JKSPDCL (49%).

Mar 22, 2021 10:03 IST India Infoline News Service

NHPC
NHPC board has approved the proposal regarding the formation of a Joint Venture (JV) company for the implementation of the Ratle Hydroelectric Project (850 MW) in the Chenab River Basin in J&K.

“Board of Directors of NHPC Limited in its meeting held on March 21, 2021 inter-alia has approved the proposal regarding the formation of a Joint Venture (JV) company for implementation of Ratle Hydroelectric Project (850 MW) in the Chenab River Basin in UT of Jammu and Kashmir,” company said in a regulatory filing on Sunday.

The Board has also accorded its investment approval to contribute initial equity of Rs51cr by NHPC Limited in the JV Company, to be promoted jointly by NHPC (51%) and JKSPDCL (49%).

At around 10.11 am, NHPC Ltd was trading at Rs24.40 per piece down Rs0.25 or 1.01% on the BSE.

Related Story

Explore Important Blogs