NHPC, an Indian electric utilities company, has signed a Memorandum of Understanding (MoU) on July 21, 2016 with Bharat Heavy Electricals (BHEL) for undertaking of hydro power projects in overseas markets.

As per the MoU, NHPC and BHEL will look after the civil and electro mechanical package respectively.

Shares of the NHPC gained Rs 0.15, or 0.6%, to trade at  Rs 25.30.  The total volume of shares traded  was  18,965 at the BSE (9.40 a.m., Friday).

Shares of the BHEL gained Rs 0.1, or 0.07%, to trade at  Rs 139.95.  The total volume of shares traded  was  255,868 at the BSE (9.43 a.m., Friday).