NHPC, an Indian electric utilities company, it has signed an Memorandum of Understanding (MOU) with Ministry of Power, Government of India for the year 2015-16.

The highlights of the signed MoU inter-alia includes generation target under excellent rating as 22000 MU as against last year target of 21800 MU. Target of gross sales of Rs 54.39 billion and gross margin of Rs 40.79 billion has been fixed for excellent rating.

Shares of the company gained Rs 0.15, or 0.75%, to trade at Rs 20.05. The total volume of shares traded was 405,862 at the BSE (2.43 p.m., Wednesday).