NTPC gains after commissioning power project unit

NTPC rose 0.81% to Rs 143.35 at 14:14 IST on BSE after the company said that the Unit-VI of 500 megawatts of Rihand Super Thermal Power Project has been commissioned on 7 October 2013.

The company made the announcement during market hours today, 8 October 2013.

Meanwhile, the BSE Sensex was up 113.87 points, or 0.57%, to 20,008.97.

On BSE, 35,000 shares were traded in the counter compared with average volume of 3.20 lakh shares in the past one quarter.

The stock hit a high of Rs 143.60 and a low of Rs 141.30 so far during the day. The stock hit a 52-week high of Rs 173.70 on 8 October 2012. The stock hit a 52-week low of Rs 122.65 on 28 August 2013.

The stock had outperformed the market over the past one month till 7 October 2013, rising 5.96% compared with the Sensex's 3.24% rise. The scrip had, however, underperformed the market in past one quarter, sliding 0.91% as against Sensex's 2.05% rise.

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

With this the total installed capacity of Rihand Super Thermal Power Project has become 3,000 megawatts (MW) and the total installed capacity of NTPC group has become 41,684 MW, NTPC said in a statement.

NTPC's net profit rose 1.1% to Rs 2527.02 crore on 2.2% decline in net sales to Rs 15612.89 crore in Q1 June 2013 over Q1 June 2012.

NTPC, India's largest power company, has presence in the entire value chain of power generation business. The Government of India (GoI) holds 75% stake in NTPC (as per the shareholding pattern as on 30 June 2013).

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