NTPC Limited updates on hydropower project Tapovan Vishnugad in Uttarakhand

An avalanche near Tapovan in Uttarakhand has damaged a part of our under construction hydropower project Tapovan Vishnugad (520 MW) in the region. While rescue operations are on, situation is being monitored continuously with the help of district administration and likely loss or damage caused is being assessed. Appropriate insurance cover is available for the loss/damage caused.

However, considering the total size of operations of NTPC Limited (present standalone commercial capacity 51310 MW and group commercial capacity 63925 MW), the impact of above event on the company as a whole may not be considered material.

Shares of NTPC LTD. was last trading in BSE at Rs.99.65 as compared to the previous close of Rs. 99.05. The total number of shares traded during the day was 1837542 in over 6265 trades.

The stock hit an intraday high of Rs. 101.95 and intraday low of 98.25. The net turnover during the day was Rs. 183968467.

Source : Equity Bulls

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