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16 July, 2018 08:20 IST
NTPC acquires stake of BSPGCL in two entities
Source: IRIS | 29 Jun, 2018, 05.09PM
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NTPC has acquired 27.36% equity of Bihar State Power Generation Co. (BSPGCL) in Kanti Bijlee Utpadan Nigam (KBUN) which owns 610 MW Muzaffarpur Thermal Power Station and 50% equity of BSPGCL in Nabinagar Power Generating Company (NPGC) which is developing 1980 MW Nabinagar Super Thermal Power Project in district Aurangabad, Bihar.

With this acquisition, KBUN and NPGC are now wholly owned subsidiaries of NTPC.

The stock had underperformed the market over the past one month till Jun. 28, 2018, falling 7.15% compared with the Sensex's 0.36% decline. It underperformed the market in past one quarter, declining 10.35% as against 6.28% rise in the Sensex.

Shares of the company gained Rs 1.95, or 1.25%, to settle at Rs 158.00. The total volume of shares traded was 112,984 at the BSE (Friday).





NTPC Limited   (Q,N,C,F)*

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