NHPC IPO-National Hydroelectric Power Corporation Limited IPO

As per the news available with Reuters, it is another government backed company which is headed for the IPO in the near future.
The government run NHPC or National Hydroelectric Power Corporation Limited is planning to come out with an IPO or Initial Public offering through a book building process in the near future. Though the exact dates of NHPC IPO are not confirmed, it is expected sometimes in the nest 3-6 months or 2nd quarter of financial year 2009.

The proceeds from the IPO will go towards the business plans that company has. The company is expected to put up additional capacity to generate 4,000 megawatts of electricity by 2012. Hence, the purpose of the NHPC IPO is for business expansion

Related: RITES IPO Review, Emaar MGF IPO Comes back to the market

No further details are available at the moment. Let’s see when this IPO hits the market!

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