Boiler blasts at NTPC unit, stock down 2%

The share price of state-owned power giant NTPC plunged by 2 per cent on Thursday following a boiler blast at the company’s Uttar Pradesh plant. The blast that occurred at the Unchahar plant on Wednesday, killed 20 people and left several other severely injured.
 
While the reason of the blast is yet not determined, the families of the victims will receive compensation from the UP state government. The Chief Minister of UP, Yogi Adityanath announced Rs. 2 lakh compensation for families of the people killed and Rs. 50,000 for those severely injured in the accident.
 
The stock of NTPC was trading at Rs.179.70 per share, reached an intraday high of Rs. 180.40 per share and an intraday low of Rs. 176.50 per share on Thursday on BSE. The stock had hit its 52-week high of Rs. 187.95 per share on October 27, 2017 and its 52-week low of Rs. 146 per share on November 9, 2016 on BSE, respectively.
 
Meanwhile, S&P BSE Sensex was trading at 33,623.68 level, higher by 0.07 per cent and NSE Nifty50 was trading at 10,440.70 level, higher by 0.01 per cent on Thursday.