 "NTPC gains on heavy volumes")
Shares of NTPC have moved higher by 3% to Rs 151 on National Stock Exchange (NSE) in an otherwise weak market on back of heavy volumes.
The stock opened at Rs 147 and hit a high of Rs 152 on NSE while the trading volumes on the counter nearly doubled with a combined 6.8 million shares changing hands till 1450 hours on NSE and BSE. CNX Nifty was down nearly 1% at 8,710 points.
The Cabinet on Wednesday approved 15,000 MW of grid-connected solar power projects of state-owned NTPC.
Meanwhile, on February 25, 2015, the board of directors of NTPC accorded the investment approval for the Khargone Super Thermal Power Project (2 x 660 MW) in the state of Madhya Pradesh at an appraised current estimated cost of Rs 9,870.51 crore subject to Environment Clearance by Ministry of Environment and Forests, NPTC said in a statement.
The board also accorded approval to the proposal for NTPC's commitment to Government of India for setting up 10,000 MW of renewable energy projects during the next five years, it added.
The stock opened at Rs 147 and hit a high of Rs 152 on NSE while the trading volumes on the counter nearly doubled with a combined 6.8 million shares changing hands till 1450 hours on NSE and BSE. CNX Nifty was down nearly 1% at 8,710 points.
The Cabinet on Wednesday approved 15,000 MW of grid-connected solar power projects of state-owned NTPC.
Meanwhile, on February 25, 2015, the board of directors of NTPC accorded the investment approval for the Khargone Super Thermal Power Project (2 x 660 MW) in the state of Madhya Pradesh at an appraised current estimated cost of Rs 9,870.51 crore subject to Environment Clearance by Ministry of Environment and Forests, NPTC said in a statement.
The board also accorded approval to the proposal for NTPC's commitment to Government of India for setting up 10,000 MW of renewable energy projects during the next five years, it added.