NTPC Gains On Commissioning Jetsar Solar Project In Rajasthan

NTPC shares have so far this year advanced 42 per cent, outperforming the Sensex which has gained 25 per cent.

NTPC Gains On Commissioning Jetsar Solar Project In Rajasthan

Shares of the state-run power producing company - National Thermal Power Corporation (NTPC) - rose as much as 4.8 per cent to hit an intraday high of Rs 140.75 after the company informed exchanges that it has commissioned first part of 80 megawatt of 160 megawatt Jetsar Solar PV Project in Rajasthan.

The plant commenced its commercial operations from October 22.

With this, the installed as well as commercial capacity of NTPC and NTPC group has become 53,572.5 megawatt and 66,997.5 megawatt respectively, NTPC said in a regulatory filing.

Last week, NTPC announced its September quarter results. On a standalone basis, NTPC's net profit declined 8.35 per cent to Rs 3,212 crore from Rs 3,505 crore during the same quarter last year.

Its revenue from operations advanced 15 per cent to Rs 28,329 crore versus Rs 24,677 crore in the year ago period.

NTPC shares have so far this year advanced 42 per cent, outperforming the Sensex which has gained 25 per cent.

As of 11:03 am, NTPC was up 2 per cent at Rs 136.95.

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