NTPC brightens after commissioning further capacity of solar project

NTPC rose 0.53% to Rs 161.10 at 9:45 IST on BSE after the company said it commissioned 225 megawatts out of 250 MW of its Mandsaur solar power project in Madhya Pradesh.

The announcement was made after market hours on Friday, 16 June 2017.

Meanwhile, the S&P BSE Sensex was up 166.21 points or 0.54% at 31,222.61.

On the BSE, 13,837 shares were traded on the counter so far as against the average daily volumes of 3.52 lakh shares in the past one quarter. The stock had hit a high of Rs 161.60 and a low of Rs 160.60 so far during the day.

The stock had hit a 52-week high of Rs 177.80 on 27 January 2017 and a 52-week low of Rs 139.70 on 15 July 2016.

The stock had underperformed the market over the past one month till 16 June 2017, rising 0.31% compared with 1.55% rise in the Sensex. The scrip had also underperformed the market in past one quarter, dropping 0.47% as against Sensex's 4.97% gains. The scrip had underperformed the market in past one year, gaining 5.6% as against Sensex's 17.08% gains.

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

NTPC said that with this commissioning, the installed capacity of NTPC's solar power projects has become 845 megawatts (MW). The total installed capacity of NTPC on standalone basis has become 44,419 MW and that of NTPC group has become 51,635 MW.

On 2 June 2017, NTPC had commissioned 117 MW out of 250 MW of Mandsaur Solar Power Project.

NTPC's net profit declined 25.5% to Rs 2079.40 crore on 11.4% rise in net sales to Rs 20416.67 crore in Q4 March 2017 over Q4 March 2016.

NTPC, India's largest power company, has presence in the entire value chain of power generation business. The government of India held 69.75% stake in the firm as on 31 March 2017, as per the shareholding pattern.

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