NHPC is engaged in electricity generation has signed a Memorandum of Understanding (MoU) with Bihar State Hydro-Electric Power Corporation (BSHPCL) on June 14, 2021 for execution of Dagmara HE Project (130.1 MW) in the State of Bihar by NHPC on ownership basis.

Government of Bihar shall provide a grant of Rs 7 billion for the Project, as per Capex requirements, proportionate to equity infusion by NHPC.

The government of Bihar shall purchase the entire power to be generated from the Project for its complete life at the rate as determined by CERC Tariff regulations as applicable at the time of actual Commercial Operation Date (COD) of the Project.

The cost of Project is presently considered as Rs 24.36 billion to be actualized as appraised by CEA during Detailed Project Report (DPR) clearance.

Shares of the company gained Rs 0.20, or 0.74%, to trade at  Rs 27.05.  The total volume of shares traded  was 1,198,650 at the BSE (2.30 p.m,Tuesday).