NTPC gains after commissioning unit of power station

NTPC gained 0.27% to Rs 129.70 at 10:00 IST on BSE after the company said that the unit-3 of 660 megawatts of Mouda Super Thermal Power Station of the company was commissioned on 28 March 2016.

The announcement was made after market hours yesterday, 28 March 2016.

Meanwhile, the S&P BSE Sensex was up 65.56 points or 0.28% at 25,021.15.

On BSE, so far 9,290 shares were traded in the counter as against average daily volume of 3.29 lakh shares in the past two weeks. The stock hit a high of Rs 130 and a low of Rs 129.40 so far during the day. The stock had hit a 52-week high of Rs 160 on 20 April 2015. The stock had hit a 52-week low of Rs 107.20 on 25 August 2015. The stock had underperformed the market over the past one month till 28 March 2016, gaining 6.59% compared with the Sensex's 7.83% rise. The scrip had also underperformed the market in past one quarter, sliding 10.02% as against Sensex's 4.1% fall.

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

NTPC said that with commissioning of the unit, the total installed capacity of Mouda Super Thermal Power Station has become 1660 megawatts (MW). The total installed capacity of NTPC on standalone basis has become 40012 MW and that of NTPC group has become 46653 MW.

NTPC's net profit fell 18.9% to Rs 2492.87 crore on 7.6% decline in net sales to Rs 17317.50 crore in Q3 December 2015 over Q3 December 2014.

NTPC, India's largest power company, has presence in the entire value chain of power generation business.

Government of India currently holds 74.96% stake in NTPC (as per shareholding pattern as on 31 December 2015).

Powered by Capital Market - Live News