Moneycontrol
Jan 12, 2017 12:31 PM IST | Source: Moneycontrol.com

NTPC at 1-yr high, signs MoU with Rajasthan Urja Vikas Nigam

The company has signed a non-binding MoU with Rajasthan Rajya Vidyut Utpadan Nigam and Rajasthan Urja Vikas Nigam for take-over of Chhabra thermal power plant stage-I (4x 250 MW) and stage-II (2x660 MW) of Rajasthan Urja Vikas Nigam.

 
 
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Moneycontrol Bureau

Shares of NTPC touched 52-week high of Rs 170.60, gains 4 percent intraday Thursday as it has signed an agreement to take over Chhabra thermal power plant of Rajasthan Urja Vikas Nigam.

The company has signed a non-binding MoU with Rajasthan Rajya Vidyut Utpadan Nigam and Rajasthan Urja Vikas Nigam for take-over of Chhabra thermal power plant stage-I (4x 250 MW) and stage-II (2x660 MW) of Rajasthan Urja Vikas Nigam.

The company had received investment approval for Dulanga coal mining project having rated production capacity of 7 MTPA at an appraised estimated cost of Rs 1053.41 crore.

At 12:10 hrs NTPC was quoting at Rs 170.30, up Rs 5.90, or 3.59 percent on the BSE.

Posted by Rakesh Patil
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