NTPC trades lower despite addition of commercial capacity
Despite additional commissioning of plant and supportive market cues, the shares of NTPC were seen trading lower on Wednesday.
State-owned power generation and trading firm, NTPC is one of the largest players of its sector. It declared that its Unit-2 of 150 MW in Kameng Hydro-Electric Project (4x150 MW) will be used for commercial operations with effect from July 01, 2020. The said plant is under its wholly-owned subsidiary, North Eastern Electric Power Corporation Limited. In its press release, the company stated that the total commercial capacity of NTPC group has reached up to 62,086 MW.
Its commercial capacity has been witnessing strong growth over the last few years. As at FY19 end, it had reported commercial capacity at nearly 45,725 MW which had marginally increased from 44,500 MW as in FY18. While the NTPC group's commercial capacity stood at 52,866 MW at the end of FY19, it was at 51,391 MW in FY18. This indicates that it has recorded a growth of seven per cent CAGR over the past three years.
The company's stock is trading at Rs 93.10, down by 2.9 per cent, at 11.30 on BSE.