NHPC Ltd fixes Feb 20 as record date for share buyback

The board of directors had approved the proposal for buyback of fully-paid shares from all shareholders not exceeding 10% of the paid-up equity capital and free reserves as on March 31, 2016, at a meeting held on February 7, 2017.

NHPC Ltd fixes Feb 20 as record date for share buyback

State-run hydro power company, NHPC Ltd informed the exchanges on Friday that it has fixed February 20 as record date for Rs. 2,616.59-crore share buyback offer. NHPC’s board has approved a proposal to buy back shares not exceeding 81.13 crore representing 7.33% of total shares at Rs 32.25 for a consideration of Rs. 2,616.59 crore.

President’s Estate To Switch To Solar Power And Cut Down Electricity Bills By Rs 80 lakh a year

The savings in electricity bills resulting from the Solar Project are expected to be more than approximately Rs 80 lakh per year. The Project is being implemented in President’s Estate in collaboration with Rural Electrification Corporation (REC).

President’s Estate To Switch To Solar Power And Cut Down Electricity Bills By Rs 80 lakh a year

Spending Rs 20 crore a year on electricity bills, Rashtrapati Bhavan which is not just the residence and office of the President of India but the President’s Estate is a small township, will soon able to cut its electricity bill by Rs 80 lakh after it switches to solar power.