NTPC surges 7 per cent

The stock jumped 7 per cent to Rs 229.90 on reports that the Union Cabinet will shortly take up a proposal allowing existing power projects to sell a part of their unallocated generation capacity in the open market at market-determined prices.

The proposal to sell unused output will help improve returns and would attract more investment in power generation. The open access system allows for a transparent market in electricity, enabling consumers to source their power requirements from any producer from any part of the country, without any geographical or regulatory restrictions on such sale.