NHPC Limited, the state-owned hydro power giant, witnessed a decline exceeding 1% despite the upcoming board meeting slated for December 22 to deliberate on the monetisation of future cash flow from one or more power stations.
The company, in a regulatory filing, stated that the board would explore the proposal concerning the monetisation of future cash flow, inclusive of the return on equity, from specific power stations.
This initiative forms a pivotal component of the capital expenditure funding strategy for the ongoing financial year 2023-24 and potentially beyond.
As of 12:13 pm, the shares were trading at ₹64.90, reflecting a 1.22% downturn in response to the anticipation surrounding NHPC Limited’s considerations for power plant monetisation.
