NHPC completes Rs 2,368 Crore share buyback...

 

State-run NHPC has bought back equity worth Rs 2,368 crore under an offer that ended earlier this month after attracting more shares than targeted.

NHPC bought back 123 crore equity shares at Rs 19.25 apiece, the company said today in a public announcement. More than 142.6 crore shares were tendered in the offer, which started on November 29 and closed on December 12.

The company purchased 110.7 crore shares worth more than Rs 2,130 crore from the government, equivalent to 90 per cent of the buyback. The government's stake in the company was reduced to 85.96 per cent from 86.36 per cent.

The government plans to raise Rs 40,000 crore from the sale of shares in this financial year.

The hydro-electricity generator was listed on the stock exchanges in 2009 after the government divested a 5 per cent stake and the company issued fresh shares equivalent to 10 per cent of its equity.

NHPC has a generation capacity of 5,702 MW from 17 hydro-electric stations in the country. Seven plants with a combined capacity of 4,095 MW capacity are under construction.

NHPC shares closed at Rs 18.70, up 1.36 per cent, on the BSE on Friday.

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Solar power plant for Daltonganj Sadar hospital in Jharkhand...

 

There is good news for Daltonganj sadar hospital that has been suffering from frequent bouts of power failure. The government hospital, which started functioning from a new building recently, will soon be fitted with a 37-kilowatt solar power plant.

Though the hospital has been provided with a transformer as part of the Integrated Action Plan (IAP), it is not enough to meet the power needs of the health centre.

Palamu DC Manoj Kumar said the solar plant would help improve the power condition. The budget of installing the plant is said to run into less than a crore.

Following a decision of the hospital management committee, the outpatient department now charges Rs 5 per patient. The hospital makes around Rs 80,000-90,000 a month. Kumar said the money is spent on the upkeep of the hospital.

Quizzed about the stench emanating from the new building because of the dirt, filth and garbage, the DC said the NGO engaged in cleanliness has been removed and a fresh tender will be floated soon to engage another agency for this job.

The hospital does not have a community kitchen despite the fact that the number of indoor patients in every department like maternity, child ward, bone ward, medicine ward, surgery ward, etc remains high throughout. In the absence of a food court, visitors are forced to buy outside food, which doesn't come cheap.

Kumar said the administration will ask the civil surgeon to help locate a site and send a proposal for a community kitchen where a patient's attendant can cook food for himself. The district administration has taken a serious note of the articles bought for its health subcentres, which are lying abandoned in a room. Kumar said, "This is really worrisome. I found articles worth several lakh rupees dumped, which can be stolen any day.''

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