NTPC gained 1.59% to Rs 143.95 at 15:15 IST on BSE after company said that in commercial interest, company's Board of Directors in its meeting held on 23 December 2014, had decided to terminate the Barh contract with TPE, Russia.
The company clarified this after market hours yesterday, 30 December 2104.
Meanwhile, the S&P BSE Sensex was up 78.75 points or 0.29% at 27,482.29.
On BSE, so far 1.55 lakh shares were traded in the counter as against average daily volume of 3.17 lakh shares in the past one quarter.
The stock hit a high of Rs 144.55 and a low of Rs 141.30 so far during the day. The stock hit a 52-week high of Rs 168.80 on 6 June 2014. The stock hit a 52-week low of Rs 110.90 on 4 March 2014.
The stock had underperformed the market over the past one month till 30 December 2014, falling 0.63 % compared with Sensex's 4.5% fall. The scrip had also underperformed the market in past one quarter, gaining 2.2% as against Sensex's 2.9% rise.
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The large-cap power generation firm has equity capital of Rs 8245.46 crore. Face value per share is Rs 10.
With respect to news article titled "NTPC scraps Rs 2000 cr Barh deal with Russia's TPE", NTPC that in the commercial interest of the company, Board of Directors in its meeting held on 23 December 2014, had decided to terminate the contract of TECHNOPROMEXPORT (TPE), Russia for Main Plant Package, Part -A (Steam Generator and Auxiliaries) for Barh, Stage-I. Accordingly, a "Notice of Default" has been served on TPE on 24 December 2014. The decision has been taken to facilitate completion of work.
NTPC's net profit fell 16.9% to Rs 2071.63 crore on 1.1% rise in total income to Rs 17267.32 crore in Q2 September 2014 over Q2 September 2013.
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