Subscribe to NHPC issue with long term view: Arihant

MUMBAI: Arihant Capital Markets has recommended investors to ���subscribe��� to NHPC IPO with a long term view.

���Power sector in India is riding high on the huge investments in capacity expansion plans due to acute power shortage with ggressive plans of government to enhance capacity.

NHPC seeks to expand its capacity by tapping into new geographic markets where there is significant demand for capacity expansion through hydroelectric generation. The company has laid out an ambitious expansion plan with a target of reaching 9,500 MW by 2012 and 20,000 MW capacities by 2020.

Keeping in mind NHPC Limited���s presence in power deficient areas, long term power purchasing agreements with its customers, track record in implementing hydroelectric power projects and presence in a sector which is set for growth and inherent demand, we believe NHPC limited is a good bet for investors with a long-term perspective. We recommend our investors to subscribe to the issue with a long term view in mind,��� the brokerage said.
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