NTPC rises on plan to set-up a water pipeline corridor for its 1,600 MW STPP at Darlipalli

NTPC is currently trading at Rs. 124.00, up by 1.15 points or 0.94% from its previous closing of Rs. 122.85 on the BSE. The scrip opened at Rs. 124.90 and has touched a high and low of Rs. 124.90 and Rs. 123.35 respectively. So far 297626 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 160.90 on 17-May-2013 and a 52 week low of Rs. 110.90 on 04-Mar-2014. Last one week high and low of the scrip stood at Rs. 130.35 and Rs. 114.05 respectively. The current market cap of the company is Rs. 102326.21 crore. The promoters holding in the company stood at 75.00% while Institutions and Non-Institutions held 22.27% and 2.73% respectively. In a bid to set-up a water pipeline corridor for its 1,600 MW super thermal power plant (STPP) at Darlipalli in Sundargarh district, NTPC has sought 525 acres land from the Odisha government. The land is to be set aside in 21 villages spread across Sundargarh and Jharsuguda districts, including 278 acres private land, 195 acres government land and 52 acres of forest land. In this regard, the company has already received in-principle nod from state water resources department for allocation of 160 cusecs of water in favour of NTPC from Hirakud reservoir for the Darlipalli plant. Moreover, the country’s biggest power generating utility hopes to commission the Darlipalli plant by 2018. NTPC is the largest power generating company in the country. It has also diversified into hydro power, coal mining, power equipment manufacturing, oil & gas exploration, power trading & distribution.