Thursday, April 3, 2008

NHPC Says IPO In 2nd Quarter Of 08/09

NEW DELHI: India's state-run National Hydroelectric Power Corp Ltd (NHPC) plans to launch an initial public offering in the second quarter of the financial year ending March 2009, a top company official said on Thursday.

"We will be going to the market shortly. We are planning an IPO during the second quarter of this fiscal," S K Garg, chairman and managing director, said at a industry conference.

He said the company plans to add 4,000 megawatts of capacity by 2012.

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