NTPC Shares Rise 1% on Completion of Telangana Super Thermal Power Project

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Shares of NTPC Limited rose 1% in early trade on September 13, 2023, after the company announced that it has completed Unit-1 of 800 megawatts (MW) of the Telangana Super Thermal Power Project.

The company said that the unit has been synchronized to the grid and is now generating power. The project is located in Ramagundam district of Telangana and is being developed by NTPC Vidyut Vyapar Nigam Limited (NVVN).

The completion of the unit is a major milestone for NTPC and will help to boost the power supply in the region. The project is also expected to create jobs and boost economic activity in the area.

The stock had fallen over 3% on September 12, 2023, after the company announced a muted performance for the quarter ended June 2023. However, the recent rise in the stock price is a sign that investors are positive about the company’s prospects.

NTPC is one of the largest power generation companies in India and has a diversified portfolio of assets. The company is also one of the most dividend-paying companies in India.

The company’s growth drivers include the ongoing expansion of its power generation capacity, the development of renewable energy projects, and the growth of its non-power businesses.

NTPC is well-positioned to capitalize on the growing demand for power in India. The company has a strong track record of execution and is committed to providing reliable and affordable power to its customers.

The recent rise in the stock price is a positive development for NTPC and is a reflection of the confidence that investors have in the company’s future.


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