#NHPC has signed MOU with M/s Ocean Sun, Norway (technology provider to floating solar industry) to explore key areas of cooperation for demonstration of Ocean Sun’s floating solar energy technology mounted on a hydro-elastic membrane at relevant sites as identified by NHPC.
pic.twitter.com/Pg2sa6cRrZ— NHPC Limited (@nhpcltd) April 29, 2024Shares of NHPC are trading with gains on Tuesday and its market capitalisation is now nearing the mark of ₹1 lakh crore.
Ocean Sun is a technology provider to the floating solar industry.The announcement, while not made official on the exchanges, was made on the company's official handle on social media platform "X.
"Shares of NHPC are also trading with gains for the seventh day in a row and are approaching the mark of ₹100.
The stock had made a record high of ₹115.85 on February 29 this year.The stock is up 43% so far this year.
#NHPC has signed MOU with M/s Ocean Sun, Norway (technology provider to floating solar industry) to explore key areas of cooperation for demonstration of Ocean Sun’s floating solar energy technology mounted on a hydro-elastic membrane at relevant sites as identified by NHPC. pic.twitter.com/Pg2sa6cRrZ
— NHPC Limited (@nhpcltd) April 29, 2024
Shares of NHPC are trading with gains on Tuesday and its market capitalisation is now nearing the mark of ₹1 lakh crore. The stock had a market capitalisation of over ₹1 lakh crore for a few days in February this year.On Tuesday, the state-run hydropower producer said that it has signed an MoU with M/s Ocean Sun, Norway to explore key areas of cooperation in solar energy technology. Ocean Sun is a technology provider to the floating solar industry.The announcement, while not made official on the exchanges, was made on the company's official handle on social media platform "X."Shares of NHPC are also trading with gains for the seventh day in a row and are approaching the mark of ₹100. The stock had made a record high of ₹115.85 on February 29 this year.The stock is up 43% so far this year. Shares had gained 40% in the month of January itself but have been relatively flat post that. The stock fell 3% in February, gained 2% in March and is up 5.7% so far in April.Earlier this year, the government had divested around 3.5% stake in NHPC at a price of ₹69 per share.Shares of NHPC have surged to the day's high, currently trading 1.8% higher at ₹95.10.
