NHPC is a Govt. owned Mini Navratna Category I Company.
Blog Comments :
It is very surprising that Govt. of India is selling its shares in a Mini Navratna to raise funds .
Instead Govt. should cut its Vote Bank driven subsidies ( like Diesel , Fertilizers etc. )
Funds of NHPC should be used for further expansion of normal business ( Power Generation ).
Selling family`s silver to finance Vote Bank driven subsidies like Diesel , Fertilizers etc.
Govt. should cut drastically the bloated bureaucracy.
Govt. does not want to cut Diesel subsidy. To finance the Vote Banks even the crucial Rafale Fighter jet Deal with France has been delayed.
It is a Govt. of Rich Farmers
Disclosure : The Blog writer in his / family names has holdings in this Company. So please make suitable " provisions " for any likely Over Optimism
NB :All information given in good faith. Please recheck every point before taking any investment decision. No responsibility with this blog / blog writer.