Shares of NHPC rose nearly 5 per cent today after the company signed a power purchase pact with Rajasthan as well as Inox Ltd for a 50-MW wind power project in the State.

The stock gained 4.93 per cent to Rs 25.50 on the BSE.

On the NSE, shares of the company went up 2.46 per cent to Rs 24.95.

”...a wind power purchase agreement has been singed among Rajasthan Government, NHPC and Inox on September 28 for a 50-MW wind power project in Jaisalmer, Rajasthan,” NHPC had said in a filing to BSE yesterday.

As per the PPA, Rajasthan Government will purchase the power generated from the project, the filing said.

During 2015-16 fiscal, NHPC power stations had achieved generation of 23,404 million units.

Alkem Labs

Shares of Alkem Laboratories today slumped nearly 9 per cent after the company said it has received an inspection report with 13 observations from the US health regulator after inspection of its manufacturing facility at Daman.

After a weak opening, the stock further plunged 8.26 per cent to Rs 1,655 on the BSE.

On the NSE, shares of the company dived 8.79 per cent to Rs 1,653.

“The United States Food and Drug Administration (USFDA) had conducted an inspection at the company’s manufacturing facility located at Daman from September 20 to September 29, 2016,” Alkem Laboratories had said in a filing to BSE yesterday.

The company has received the inspection report which contains 13 observations, it added.

An FDA Form 483 is issued to a company the conclusion of an inspection “when an investigator(s) has observed any conditions that in their judgment may constitute violations of the Food Drug and Cosmetic Act and related Acts.”

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