NTPC gains after Unit-III of a power project commences operations

NTPC rose 0.03% to Rs 153.20 at 9:31 IST on BSE after the company announced commercial operation of Unit-III of 500 megawatts of Vallur Thermal Power Project of NTPC Tamil Nadu Energy Co.

The company made announcement after market hours yesterday, 26 February 2015.

Meanwhile, the S&P BSE Sensex was up 168.66 points or 0.59% at 28,915.31.

On BSE, so far 29,213 shares were traded in the counter as against average daily volume of 3.61 lakh shares in the past quarter.

The stock hit a high of Rs 153.25 and a low of Rs 152.10 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 3 April 2014.

NTPC said that the Unit-III of 500 megawatts (MW) of Vallur Thermal Power Project of NTPC Tamil Nadu Energy Co. (NTECL), a joint venture of the company, and TANGEDCO, is declared on commercial operation from the midnight of 26 February 2015. With this the total commercial capacity of Vallur Thermal Power Project has become 1,500 MW and that of NTPC Group- 43,143 MW.

NTPC's net profit rose 7.4% to Rs 3074 crore on 1.3% decline in total income to Rs 19339.37 crore in Q3 December 2014 over Q3 December 2013.

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