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NTPC surges 7 per cent

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BS Reporter Mumbai
Last Updated : Jan 20 2013 | 12:26 AM IST

The stock jumped 7 per cent to Rs 229.90 on reports that the Union Cabinet will shortly take up a proposal allowing existing power projects to sell a part of their unallocated generation capacity in the open market at market-determined prices.

The proposal to sell unused output will help improve returns and would attract more investment in power generation. The open access system allows for a transparent market in electricity, enabling consumers to source their power requirements from any producer from any part of the country, without any geographical or regulatory restrictions on such sale.

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First Published: Dec 24 2009 | 12:32 AM IST

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