Govt to sell 11.36% stake in NHPC

The government will kick-start its Rs 56,500-crore disinvestment programme on 27 April when it will sell 11.36 per cent stake in power producer NHPC through an offer-for-sale issue, which is likely to fetch the exchequer Rs 2,700 crore. 

• The government holds 85.96 per cent in NHPC and selling 11.36 per cent would help it comply with minimum public shareholding norms of 75 per cent sovereign holding in state-owned companies. 
• The NHPC stake sale will be one of the first tasks for the newly renamed Department of Investment and Public Asset Management (DIPAM). The government has already lined up over a dozen PSUs for stake sale in the current financial year.
• Out of the total disinvestment target of Rs 56,500 crore, Rs 36,000 is expected to come from 5-15 per cent stake sales in PSUs while the rest is expected from strategic sales of companies or their assets.

NHPC :

• NHPC Limited (National Hydroelectric Power Corporation) is an Indian Hydropower generation company that was incorporated in the year 1975 with an authorized cs. 2000 million and with an objective to plan, promote and organize an integrated and efficient development of hydroelectric power in all aspects. Later on NHPC expanded its objects to include other sources of energy like Geothermal, Tidal, Wind etc.
• At present, NHPC is a Mini Ratna Category-I Enterprise of the Govt. of India with an authorised share capital of Rs. 1,50,000 Million . With an investment base of over Rs. 3,87,180 Million Approx., NHPC is among the TOP TEN companies in the country in terms of investment.
• Shri K.M.Singh is the current CMD of NHPC.