The special resolution, listed on the agenda of the annual general meeting held, was passed by the requisite majority, NTPC said in a BSE filing.
The canal was built during the period 1985-88 and underpass is believed to have been constructed a little after that time.
The government had last month sold 7 percent stake in the country's largest power producer, fetching about Rs 9,100 crore to the exchequer.
The Central Electricity Authority and the power ministry suggested to supply coal to this unit as per the provisions of the linkage policy for the power sector.
Motilal Oswal is bullish on NTPC has recommended buy rating on the stock with a target price of Rs 211 in its research report dated September 13, 2017.
Sanjiv Bhasin of IIFL is of the view that one can pick Reliance Power, Power Grid and NTPC and is overweight on Coal India.
Power generation major NTPC Ltd will complete the takeover of the first phase of Chhabra Thermal Power Plant (1,000 MW) of Rajasthan government in 'a month or two' at an estimated cost of Rs 4,000 crore, a top company official said today.
The discounted price was fixed after factoring in 5 per cent discount to the cut off price of Rs 168, discovered through the Offer For Sale of equity shares of NTPC carried out by the government on August 29-30.
Amit Gupta, Head-Derivatives at ICICIdirect is of the view that one can buy NTPC, UltraTech Cement and Colgate Palmolive (India) and short Tata Consultancy Services.
Sudarshan Sukhani of s2analytics.com is of the view that one may buy PC Jeweller, Jubilant Foodworks and NTPC and sell Oriental Bank of Commerce and Amara Raja Batteries.
The company's ratings remain supported by its strategic importance to the Indian economy, given its position as the country's largest power generation company, Moody's said.
"A term loan agreement for Rs 3,000 crore was signed with ICICI Bank Ltd on August 29," NTPC said in a statement. The loan which has a door-to-door tenure of 15 years will be utilised to part finance the capital expenditure of NTPC, the company said.
The issue is opened for retail investors today while non-retail investors, which helped the issue get oversubscribed 1.4 times yesterday, can continue to subscribe.
On the first day of the offer for sale (OFS), bids for over 46.35 crore shares, or 1.41 times the 32.98 crore shares available, came in from institutional buyers.
What is worth noting is that at the discounted price the valuations works to about 1.2 times its estimated FY18 book value and offers a dividend yield of close to 3.3%.
The government is selling over 41.22 crore shares, or 5 per cent holding, through the two-day offer for sale (OFS), with an option to retain a similar portion in case of over- subscription.
The government is selling over 41.22 crore shares or 5 per cent stake in state-run power producer NTPC with an option to retain over-subscription of similar amount.
In an interview to CNBC-TV18, Pawan Parakh, Research Analyst at BOB CAPS shared his views and readings on CESC and NTPC.
Retail investors will get shares at a 5 percent discount to the cut-off price.
Government will sell 5 percent stake in the country's biggest power producer NTPC over two days with an upsize option to sell an additional 5 percent.
The government has set a floor price of 168 rupees ($2.63) apiece for the sale through a stock market auction, the filing showed.
Sandeep Wagle of powermywealth.com suggests selling Adani Ports and NTPC.
The special resolution is listed on the agenda of the annual general meeting scheduled for September 20, NTPC said in a BSE filing today.
Amit Gupta of ICICIdirect recommends buying 175 Call Options in NTPC.
Chandan Taparia of Motilal Oswal Securities recommends a Bull Call Spread in Infosys and advises buying Havells India and NTPC and suggests selling PNB.