Comments
NTPC’s board of directors has approved an equity investment of up to Rs 2,269.75 crore in Nabinagar Power Generating Company Pvt Ltd.
The company is a 50:50 joint venture of NTPC and Bihar State Electricity Board. The investment will enable it to implement Nabinagar Super Thermal Power Project (3X660 MW) at Aurangabad district in Bihar.
NTPC has an installed capacity of nearly 40,000 MW. The company had on Monday reported a 22 per cent growth in third quarter net profit at Rs 2,597 crore.
The NTPC stock was trading at Rs 165, up by Rs 3.55 at 9.47 a.m.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.