Wednesday 11 May 2016

NTPC gains 2%; commences commercial operation of Kunta ultra mega solar project

The company has announced that consequent upon testing and commissioning, 200 MW capacity (4X50 MW) of NP Kunta Ultra Mega Solar Power Project Stage-I at Anantapuram is declared on commercial operation w.e.f. 00:00 Hrs of May 09, 2016.

NTPC stock was up by 25 at Rs. 143. The company has announced that consequent upon testing and commissioning, 200 MW capacity (4X50 MW) of NP Kunta Ultra Mega Solar Power Project Stage-I at Anantapuram is declared on commercial operation w.e.f. 00:00 Hrs of May 09, 2016.

The scrip opened at Rs. 140.5 and has touched a high and low of Rs. 143.5 and Rs. 139.5 respectively. So far 871666(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 115972.39 crore.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 148.9 on 29-Dec-2015 and a 52 week low of Rs. 107.2 on 25-Aug-2015. Last one week high and low of the scrip stood at Rs. 144.7 and Rs. 136.5 respectively.

The promoters holding in the company stood at 69.96 % while Institutions and Non-Institutions held 27.76 % and 2.29 % respectively.

The stock is currently trading above its 100 DMA.

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