North Eastern Electric Power Corporation (NEEPCO) IPO - Company Profile - Indian IPO Blog

Friday, April 14, 2017

North Eastern Electric Power Corporation (NEEPCO) IPO - Company Profile

North Eastern Electric Power Corporation Limited (NEEPCO) is a schedule -A 'MINI RATNA 'Category-1 Central public sector Enterprise owned by the Government of India under the Ministry of Power.

The company was formed in April 1976 to plan, investigate, design, construct, generate, operate and maintain power stations in the North Eastern Region of the country. It has 60% of total installed capacity of North east region, which is 1287 MW.

NEEPCO's authorised share capital is Rs 5000 Crores at present and its net worth as of 31 March 2016 is Rs 6161.81 Crores. NEEPCO is a premier profit making corporation and also offers one of the best pay packages in the industry. The company has a plan to generate at least 1500 MW power from non-conventional sources of energy, especially by tapping solar power and wind in the next five years.

NEEPCO has already commissioned a 50 MW Solar Power Plant at Icchwar ,madhya Pradesh through Joint Venture Mode. NEEPCO has 4 power projects under development which include 110 MW Pare HEP, 600 MW Kameng HEP,60 MW Tuirial HEP and one 3 MW Solar Project.

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