Huge expansion plan powers NTPC
National Thermal Power Corporation advanced 2.90% to Rs 138.90 after its board of directors approved investment worth Rs 3425.03 crore.
The counter saw high volumes of 29.26 lakh shares on BSE. The stock had surged to a high of Rs 143.90 in intra-day trade.This investment is for the Tapovan Vishnugad hydroelectric power project (4 X 130 MW) as a merchant power plant.
The stock witnessed volatile movements in the past few days. From Rs 128.70 on 08 November, the stock advanced to Rs 137.95 by 13 November, on buying demand. Here it witnessed profit booking and slipped to Rs 135 by 16 November.
In September 2006, NTPC commissioned a 210 MW unit in Uttar Pradesh which raised NTPC’s totaled installed capacity including those owned through joint venture companies to 26404 MW. In the same month, NTPC signed a Memorandum of Agreement (MOA) with the Government of Arunachal Pradesh for implementation of the 2 hydroelectric power projects in the states with a capacity of 4000 MW and 500 MW.
NTPC is the largest power-generation company in the country. It now sits atop half-a-dozen related businesses like power trading, distribution, consultancy, coal mining, oil and gas exploration and is even exploring an entry into power plant manufacturing in its bid to emerge as an 'integrated' player with a presence along multiple points of the energy chain.
The company will almost double capacity from 26,404 Mw to 51,000 Mw by 2012, by adding on hydro plants, gas-based plants, nuclear plants, and high-margin 'merchant' power plants.
Government of India owns a majority 89.5% stake in the company, while public holding is mere 2.08%, as of June 2006.NTPC’s net profit increased 27% in Q2 September 2006 to Rs 1473.90 crore (Rs 1163.50 crore). Net sales rose 15% to Rs 6813.80 crore (Rs 5925.80 crore).
The counter saw high volumes of 29.26 lakh shares on BSE. The stock had surged to a high of Rs 143.90 in intra-day trade.This investment is for the Tapovan Vishnugad hydroelectric power project (4 X 130 MW) as a merchant power plant.
The stock witnessed volatile movements in the past few days. From Rs 128.70 on 08 November, the stock advanced to Rs 137.95 by 13 November, on buying demand. Here it witnessed profit booking and slipped to Rs 135 by 16 November.
In September 2006, NTPC commissioned a 210 MW unit in Uttar Pradesh which raised NTPC’s totaled installed capacity including those owned through joint venture companies to 26404 MW. In the same month, NTPC signed a Memorandum of Agreement (MOA) with the Government of Arunachal Pradesh for implementation of the 2 hydroelectric power projects in the states with a capacity of 4000 MW and 500 MW.
NTPC is the largest power-generation company in the country. It now sits atop half-a-dozen related businesses like power trading, distribution, consultancy, coal mining, oil and gas exploration and is even exploring an entry into power plant manufacturing in its bid to emerge as an 'integrated' player with a presence along multiple points of the energy chain.
The company will almost double capacity from 26,404 Mw to 51,000 Mw by 2012, by adding on hydro plants, gas-based plants, nuclear plants, and high-margin 'merchant' power plants.
Government of India owns a majority 89.5% stake in the company, while public holding is mere 2.08%, as of June 2006.NTPC’s net profit increased 27% in Q2 September 2006 to Rs 1473.90 crore (Rs 1163.50 crore). Net sales rose 15% to Rs 6813.80 crore (Rs 5925.80 crore).
posted by SY at 4:24 PM
0 Comments:
Post a Comment
<< Home