NHPC share price jumps 8.5% to touch 52-week high on CERC's favourable draft tariff regulations
NHPC share price jumped 8.5% to touch 52-week high on Friday's session after the Central Electricity Regulatory Commission's (CERC) announcement of the Draft Tariff Regulations for 2024–2029, which increased the ROEs for pumped hydro storage and run-on rivers with pondage from 16.5% to 17%, according to brokerage ICICI Direct Research. The NHPC share price today opened at an intraday low of ₹70.10 apiece and touched an intraday high of ₹75 apiece on BSE.
According to the brokerage, the regulations are favourable for hydro generating companies such as NHPC, which will invest in pumped hydro projects and capacities that will be commissioned on a pondage basis, from both a segment and stock standpoint. "Exciting news! Mint is now on WhatsApp Channels
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