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NTPC Moves Up on Commissioning 660 MW Unit

  • NTPC rose 1.01% at Rs. 160.10 at 14:24 IST on BSE after the company said that Sipat Super Thermal Power Project's unit-2 of 660 megawatts was commissioned on 24 December 2011.The announcement was made during trading hours today, 24 December 2011.Meanwhile, the BSE Sensex was 232.41 points, or 1.48%, to 15971.11.On BSE, 92,000 shares were traded in the counter as against an average daily volume of 1.76 lakh shares in the past one quarter.The stock hit a high of Rs. 160.90 and a low of Rs. 159 so far during the day. The stock had hit a 52-week low of Rs. 152 on 23 November 2011. The stock had hit a 52-week high of Rs. 203.15 on 7 January 2011.
  • The stock had outperformed the market over the past one month until 23 December 2011, 1.18% compared with the Sensex's 0.25% rise. The scrip had, however, underperformed the market in past one quarter, falling 4.78% as against 2.62% fall in the Sensex.The large-cap state-run power generation firm has an equity capital of Rs. 8245.46 crore. Face value per share is Rs. 10.NTPC said that with commissioning of the above mentioned unit, the total installed capacity of Sipat Super Thermal Power Project has reached 2,320 megawatts (MW). The total capacity of NTPC group has touched 36,014 MW.NTPC's net profit rose 15% to Rs. 2424.12 crore on 18.4% growth in net sales to Rs. 15377.54 crore in Q2 September 2011 over Q2 September 2010.
  • State-run NTPC has set a target to have an installed power generating capacity of 1,28,000 MW by the year 2032. The capacity will have a diversified fuel mix comprising 56% coal, 16% gas, 11% nuclear and 17% renewable energy sources (RES) including hydro. By 2032, non fossil fuel-based generation capacity shall make up nearly 28% of NTPC's portfolio.

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