Saturday, July 24, 2010

NHPC - very good investment

Investors looking at 3-4 year perspective can look at NHPC as a very good investment and safe stock to accumulate even in correcting markets. The stock trades near Rs 31 and is now included in Derivative Segment of NSE as well.
About the companyhttp://www.nhpcindia.com/

NHPC Limited (Formerly known as National Hydroelectric Power Corporation Ltd.), A Govt. of India Enterprise, was incorporated in the year 1975 with an authorised capital of Rs. 2000 million and with an objective to plan, promote and organise an integrated and efficient development of hydroelectric power in all aspects.   Later on NHPC expanded its objects to include development of power in all its aspects through conventional and non-conventional sources in India and abroad.
At present, NHPC is a Mini Ratna Category-I Enterprise of the Govt. of India with an authorised share capital of Rs. 1,50,000 Million . With an investment  base of over Rs. 3,17,000 Million Approx., NHPC is among the TOP TEN companies in the country in terms of investment. 
More about the company :http://www.nhpcindia.com/English/Scripts/AboutUs_TheCompany.aspx
Joint Venturs of NHPC: http://www.nhpcindia.com/English/Scripts/Projects_JointVenture.aspx


NHPC Power Stations
S No.
Project
State
Installed Capacity(MW)
Total Capacity (MW)
Year Of Commission
1
Himachal Pradesh
3 * 60
180
1981
2
Manipur
3 * 35
105
1983
3
Jammu & Kashmir
6 * 115
690
1987
4
Uttarakhand
3 * 40
120
1992
5
Himachal Pradesh
3 * 180
540
1994
6
Jammu & Kashmir
4 * 120
480
1997
7
Sikkim
3 * 20
60
1999
8
Himachal Pradesh
3 * 100
300
2004
9
Madhya Pradesh
8 * 125
1000
2005
10
Uttarakhand
4 * 70
280
2005-06
11
Jammu & Kashmir
3 * 130
390
2006-07
12
Madhya Pradesh
8 * 65
520
2007
13
Sikkim
3 * 170
510
2008



Total
5175



* NHDC - A Joint venture between NHPC & Govt. of Madhya Pradesh

**
Three units (3x35 MW) of the power station have been temporarily derated to a total of 90 MW (3x30 MW) at our request by the CEA until December 31, 2008; March 31, 2009 and November 30, 2009 respectively by way of its letter no. CEA/PLG/DM/545(Derating)/Loktak/2008 dated July 3, 2008. We have further requested from the CEA by way of our letter no. NH/O&M/LOK/01/2588-90 dated June 12, 2009 an extension of the derating for all three units until July 15, 2009, February 28, 2010 and June 30, 2010 respectively.
***
Derated to 94.2 MW from September 1996.
****
Sewa-II - Unit-I and Unit-III are commissioned on 29.06.2010 and 02.07.2010 respectively and Unit-II likely to be commissioned shortly. The total capacity is 5255 (MW) as on date.




Under Construction Projects
S No.
Project
State
Installed Capacity(MW)
Total Capacity (MW)
1
Himachal Pradesh
4 * 200
800
2
Jammu & Kashmir
3 * 40
120
3
Assam
8 * 250
2000
4
Jammu & Kashmir
4 * 60
240
5
Himachal Pradesh
3 * 77
231
6
West Bangal
4 * 33
132
7
Jammu & Kashmir
3 * 110
330
8
West Bangal
4 * 40
160
9
Himachal Pradesh
4 * 130
520
10
Jammu & Kashmir
3 * 15
45
11
Jammu & Kashmir
4 * 11
44



Total
4622

The stock is a new entrant on Indian bourses and so far not even a year has passed for price history so giving Technical view on the stock is difficult. But by  action seen so far the stock has been consolidating and once Rs 37 is breached on higher side, better momentum can take prices further. This stock is for investors and accumulation is advised.