NTPC modestly higher after company commissions new power projects

NTPC modestly higher after company commissions new power projects

Last Updated: Mon, Mar 20, 2017 13:04 hrs
NTPC

NTPC Limited (up 0.7% at Rs 161.10) has announced that the second unit of 660 MWof Mouda Super Thermal Power Station Stage-II (2 X 660 MW) has been commissioned. With this, the commissioned capacity of Mouda Super Thermal Power Station, NTPC and NTPC group has become 2320 MW, 41907 MW and 48873 MW respectively.

On Saturday (March 18), NTPC had announced the commissioning of the 25 MW of Bhadla Solar Power Project. With this, the installed capacity of Bhadla Solar Power project increased to 185 MW and that of NTPC's solar power projects rose to 545 MW.



The company posted a net profit of Rs 2468.72 crore in the quarter ended December 31, 2016 as compared to Rs 2668.77 crore in the December 2015 quarter. Total income increased from Rs 17,724.68 crore for the quarter ended December 31, 2015 to Rs 19,646.09 crore for the quarter ended December 31, 2016.

The stock had touched a high of Rs 177.80 in the last week of January 2017. The stock was trading around Rs 125 in early April 2016.

Investors looking at medium or long term can go in for NTPC at current levels and consider adding more at declines. The stock may stay a bit sluggish in the near term, but modest upside from current levels is not ruled out.

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