NTPC surges on power equipment savings

DALAL STREET SPIKES

National Thermal Power Corporation (NTPC) rose 3.05 per cent to close at Rs 174 on the Bombay Stock Exchange on reports that the company is likely to save up to Rs 2,500 crore through bulk procurement of next generation power equipment.

The firm is also planning to adopt standardisation, which would reduce the projects' engineering time and hence reduce execution time. After starting the day 5.24 per cent lower at Rs 160, it hit an intra-day high of 175.65. Total quantity traded in the counter was 18,71,822 shares, a tad lower than its two-week average of 20,57,518 shares.