American Funds increased its stake in NHPC Limited from 1.19% to 1.49%, purchasing 3,07,86,077 shares.
A Navratna public sector utility and India's flagship hydroelectric power generation company, NHPC Limited operates under the Government of India. The company generates and sells bulk electricity to power utilities across the nation while providing project management, construction contracts, and consultancy services. Beyond core hydroelectric operations, it engages in power trading activities, diversifying its revenue streams across the energy sector.
India equity holdings of American Funds, the mutual fund family of Capital Group. Long-only, fundamentally driven strategy.
