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Tuesday, March 22, 2011

NTPC gains on starting stage-III commercial operation at Korba Super Thermal Power Project


NTPC is currently trading at Rs. 174.35, up by 1.35 points or 0.78% from its previous closing of Rs. 173.00 on the BSE.
The scrip opened at Rs. 174.00 and has touched a high and low of Rs. 175.40 and Rs. 174.00 respectively. So far 12,000 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 222.20 on 04-Oct-2010 and a 52 week low of Rs. 168.60 on 25-Feb-2011.
Last one week high and low of the scrip stood at Rs. 178.35 and Rs. 172.60 respectively. The current market cap of the company is Rs. 142646.53 crore.
The promoters holding in the company stood at 84.50% while Institutions and Non-Institutions held 11.78% and 3.72% respectively.
The country’s largest power producer National Thermal Power Corporation (NTPC) has started Stage-III commercial operation at Unit-VII of 500 MW of Korba Super Thermal Power Project with effect form March 21, 2011.
Earlier in this month, the company had commenced operations of its 500 MW unit -I of the Indira Gandhi Super Thermal Power Project at Jhajjar with effect from March 05, 2011. This project is set up by its joint venture Aravali Power Company (APCPL), along with the national grid.
NTPC posted a marginal increase of 0.27% in its net profit of Rs 2371.48 crore for the quarter ended December 31, 2010 as compared to Rs 2364.98 crore for the quarter ended December 31, 2009. Its total income has increased from Rs 11961.31 crore for the quarter ended December 31, 2009 to Rs 14165.90 crore for the quarter ended December 31, 2010

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