NTPC advances on green energy expansion plans

NTPC rose 1.77% to Rs 146.60 at 13:09 IST on BSE after the company said it has committed to add 10,000 MW through solar projects at RE- Invest - 2015 the first renewable energy global investment meet concluded yesterday, 17 February 2015 in New Delhi

Meanwhile, the S&P BSE Sensex was up 150.80 points or 0.52% at 29,286.68.

On BSE, so far 2.97 lakh shares were traded in the counter as against average daily volume of shares in the past one quarter.

The stock hit a high of Rs 147.60 and a low of Rs 143.95 so far during the day. The stock had hit a 52-week high of Rs 168.80 on 6 June 2014. The stock had hit a 52-week low of Rs 110.90 on 4 March 2014.

The large-cap company has equity capital of Rs 8245.46 crore. Face value per share is Rs 10.

NTPC said it has already floated notice inviting tender for four solar project of 250 MW each in Andhra Pradesh, Madhya Pradesh, Telengana & Rajasthan and one Solar Project of 500 MW in Andhra Pradesh, the company said. The first 250 MW solar project in Anantapur in Andhra Pradesh is expected to be awarded this financial year, NTPC said. Availability of land and PPA arrangement are being explored in other states like Chhattisgarh, Uttar Pradesh, Puducherry, Gujarat etc, the company said.

NTPC's net profit 7.4% to Rs 3074 crore on 0.2% decline in net sales to Rs 18738.98 crore in Q3 December 2014 over Q3 December 2013.

NTPC, India's largest power company, has presence in the entire value chain of power generation business. The Government of India (GoI) held 74.96% stake in NTPC (as per the shareholding pattern as on 31 December 2014).

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