NTPC gains after commissioning unit of thermal power station

NTPC rose 0.16% to Rs 127.70 at 11:05 IST on BSE after the company announced the commissioning of a unit of thermal power station of its subsidiary, Bhartiya Rail Bijlee Company.

The announcement was made after market hours yesterday, 21 March 2016.

Meanwhile, the S&P BSE Sensex was down 11.04 points or 0.04% at 25,274.33.

On BSE, so far 17,416 shares were traded in the counter as against average daily volume of 3.23 lakh shares in the past two weeks. The stock hit a high of Rs 128.10 and a low of Rs 127 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 21 March 2016, sliding 1.54% compared with Sensex's 6.65% gains. The scrip had also underperformed the market in past one quarter, declining 6.66% as against Sensex's 1.75% fall.

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

NTPC announced that the unit-I of 250 megawatts (MW) of Nabinagar Thermal Power Station of Bhartiya Rail Bijlee Company, a subsidiary company of NTPC has been commissioned on 20 March 2016. With the commissioning of the unit, the total installed capacity of NTPC group has become 45,798 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.

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