NTPC rose 0.3% to Rs 164.90 at 09:18 IST on BSE after the company's board of directors accorded investment approval for Dulanga coal mining project having rated production capacity of 7 MTPA at an appraised estimated cost of Rs 1053.41 crore.
The announcement was made after market hours yesterday, 11 January 2017.Meanwhile, the BSE Sensex was up 44.10 points, or 0.16%, to 27,197.65
On the BSE, 5,885 shares were traded on the counter so far as against the average daily volumes of 2.28 lakh shares in the past one quarter. The stock had hit a high of Rs 165.15 and a low of Rs 164.40 so far during the day.
The stock hit a 52-week high of Rs 169.95 on 19 August 2016. The stock hit a 52-week low of Rs 116.80 on 25 February 2016. The stock had underperformed the market over the past 30 days till 11 January 2017, falling 0.3% compared with 1.66% rise in the Sensex. The scrip had, however, outperformed the market in past one quarter, gaining 13.89% as against Sensex's 1.82% fall.
The large-cap company has equity capital of Rs 8245.46 crore. Face value per share is Rs 10.
NTPC's net profit declined 17.87% to Rs 2495.97 crore on 8.41% rise in net sales to Rs 19241.47 crore in Q2 September 2016 over Q2 September 2015.
Established in 1975, NTPC is India's largest power utility with an installed capacity of 48,028 megawatts (MW).
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