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NTPC inches up after board approves 50 MW solar PV project

According to reports, NTPC, India’s largest power company, has presence in the entire value chain of power generation business. The Government of India (GoI) holds 75% stake in NTPC (as per the shareholding pattern as on 31 March 2013).

The company announced after market hours on Wednesday, 26 June 2013 that the board had approved a 50 MW solar PV project.

Meanwhile, the S&P BSE Sensex was up 204.94 points or 1.1% at 18,757.06.

On BSE, 10,000 shares changed hands as against average daily volume of 1.62 lakh shares in the past two weeks.

The stock hit a high of Rs 143 and a low of Rs 141.45 so far during the day.

NTPC’s net profit jumped 68.9% to Rs 4381.61 crore on 1.2% growth in net sales to Rs 16461.84 crore in Q4 March 2013 over Q4 March 2012.

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