Moneycontrol
Last Updated : Dec 05, 2018 09:57 AM IST | Source: Moneycontrol.com

NTPC gains 1% as company wins 85 MW solar projects

The solar projects shall be set up by NTPC and shall add to the installed capacity of NTPC.

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Shares of NTPC gained 1.2 percent intraday Wednesday after company won 85 MW solar capacities in Uttar Pradesh (UP).

The company had participated in the 550 MW tender floated by Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) for grid-connected solar projects.

In the reverse auction held on 03.12.2018, company has participated for 85 MW solar capacities and has won the entire capacity bid by it, at a levelised tariff of Rs 3.02/unit, applicable for 25 years.

The solar projects shall be set up by NTPC and shall add to the installed capacity of NTPC.

At 09:50 hrs NTPC was quoting at Rs 144.20, up Rs 1.15, or 0.80 percent.

The share touched its 52-week high Rs 182 and 52-week low Rs 137.65 on 04 December, 2017 and 30 November, 2018, respectively.

Currently, it is trading 20.88 percent below its 52-week high and 4.61 percent above its 52-week low.

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First Published on Dec 5, 2018 09:57 am
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