{"id":92980,"date":"2023-03-01T17:45:00","date_gmt":"2023-03-01T12:15:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=92980"},"modified":"2023-03-01T16:36:08","modified_gmt":"2023-03-01T11:06:08","slug":"power-stock-in-green-after-govt-approves-hydropower-project-worth-32000-cr","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/power-stock-in-green-after-govt-approves-hydropower-project-worth-32000-cr\/","title":{"rendered":"Power stock in green after Govt approves hydropower project worth \u20b9 32,000 Cr\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-122727542\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The Indian Government, on 27th of February, 2023, approved NHPC\u2019s Hydropower project, the largest ever for the country, with an estimated investment of around 32,000 crores. The project is estimated to take around nine years to build. The 2,880 MW \u2018Dibang\u2019 project will be carrying out all its building processes in Arunachal Pradesh, bordered by China.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-713155768\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>On the news, the stock opened today at Rs 39.65 and is currently trading at Rs 40 which is approximately a 1 percent gain.&nbsp;<\/p><p>India seeks to shift towards the generation of renewable resources in order to meet rising power demand. Hydropower, having been classified as renewable energy, is a key segment in its transition away from the other conventional resources such as coal to help manage the fluctuations caused by intermittent solar and wind supplies.&nbsp;<\/p><p>Along with the positive outlook it puts to the table, there are some negative aspects that need our attention such as the large-scale environmental damage and dislocation of communities to construct dams has hampered those plans, with local protests delaying projects and basically contributing to the construction costs going up.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1355613953\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p><strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/NHPC\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">NHPC Limited<\/a><\/strong>, is the largest hydropower development organization in India, with the capability to undertake all the activities from conceptualization to commissioning of hydro projects. The company has also diversified in the field of Solar &amp; Wind energy development etc.\u00a0<\/p><p>The company is mandated to plan, promote and organize an integrated and efficient development of power in all its aspects through Conventional and Non-Conventional Sources in India and abroad.&nbsp;<\/p><p>Talking about its financials, the revenues and net profits of the company have been experiencing a sharp downfall in QoQ. Revenues showcased a downfall from 3,366 crores in Q2 to 2,582 crores in Q3. Net profits too have fallen down from 1,683 crores in Q2 to 773 crores in Q3.&nbsp;<\/p><p><strong>ICICI Securities has given a \u2018Buy\u2019 recommendation for the stock with a target price of Rs 51<\/strong><strong> <\/strong><strong>which is an upside of around 28 percent.<\/strong><strong>&nbsp;<\/strong><\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Amit Madnani<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-2473704298\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The Indian Government, on 27th of February, 2023, approved NHPC\u2019s Hydropower project, the largest ever for the country, with an estimated investment of around 32,000 crores. The project is estimated to take around nine years to build. The 2,880 MW \u2018Dibang\u2019 project will be carrying out all its building processes in Arunachal Pradesh, bordered by [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":82725,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[6876,6877,6869,6873,6875,6874,6870,6872,6871,5434,6187,6879,6188,6878,948,936,3153,3157,2597],"class_list":["post-92980","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-dibang-project-2023","tag-dibang-project-by-nhpc","tag-nhpc","tag-nhpc-deals","tag-nhpc-hydropower-project","tag-nhpc-latest-deals","tag-nhpc-latest-news","tag-nhpc-orders","tag-nhpc-share-price","tag-power-stock","tag-power-stocks-in-india","tag-power-stocks-to-buy-in-2023","tag-power-stocks-to-buy-in-india","tag-power-stocks-to-buy-now","tag-stock-market","tag-stock-market-news","tag-stock-to-buy","tag-stock-to-watch","tag-stocks-to-watch"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Power stock in green after Govt approves hydropower project worth \u20b9 32,000 Cr\u00a0 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"India seeks to shift towards the generation of renewable resources in order to meet rising power demand. 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