The shares of National Hydro Power Corporation are rising!

National Hydro Power Corp rose for the second day on Thursday after the company was successful in restoring power production at one of its units in the mountainous region of Jammu & Kashmir.

NHPC said its 3rd unit at Chutak Hydro-electric Project in Kargil district had begun generating power to the extent of 11 mega watts. Chutak is a run-off-the-river project made on Suru tributary of the Indus River. It has 4 units of 11 megawatts each.

As a result, NHPC rose 0.15 rupees, or 1 percent, to 16.60 rupees on the National Stock Exchange where 17.5 lakh shares were traded compared with a 5-day average of 55 lakh shares.

NHPC trades at 0.6 times its book value of 26.2 rupees. The company's market capitalisation has fallen 21 percent to 18,500 crore rupees.

Image credit: Indiatimes