NHPC, an Indian electric utilities company, signed an agreement on Jul. 3, 2015 for the development of four hydroelectric projects of total estimated capacity of 293 MW, in Teesta Basin, amongst Government of West Bengal, West Bengal State Electricity Distribution Company (WBSEDCL) and NHPC at Kolkata, West Bengal.

These four projects are Teesta Low Dam-V, Teesta low dam I & II combined, Teesta Intermediate Stage and Rammam Stage-I, all located in District Darjeeling of West Bengal. These projects shall be developed on build, own, operate and maintain (BOOM) basis by NHPC.

Shares of the company declined Rs 0.25, or 1.28%, to trade at Rs 19.35. The total volume of shares traded was 221,260 at the BSE (1.04 p.m., Monday).