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NHPC 1670 crore IPO by August in market….



Hydro power firm NHPC Ltd is likely to launch its much-awaited Rs 1,670-crore initial public offer by August to part finance its expansion plans.

With the Congress party getting a clear mandate, Prime Minister Manmohan Singh-led government is likely to push for divestment of government’s stake in blue-chip public sector firms to garner resources needed for meeting flagship schemes

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