Placeholder canvas

NTPC Board clears over Rs 10000-crore investment

Date:

New Delhi: The board of directors of NTPC, country’s largest power producer, has approved investment of over Rs 10,000 crore for executing two thermal plants.

“Investment in Tanda Super Thermal Power Project in Uttar Pradesh at an appraised current estimated cost of Rs 9,188.98 crore has been sanctioned,” NTPC said in a regulatory filing.

An appraised current estimated cost of Rs 1,381.84 crore for the Rammam Hydro Electric Project in West Bengal has also been approved.

The company recently signed an agreement with Andhra Pradesh government for setting up a mega solar power unit with a capacity of 1,000 MW at Ananthapur.

NTPC aims to set up 3,000 MW of solar power projects over the next 3-3.5 years.

The company, which has installed capacity of 43,128 MW, is executing thermal power projects worth 22,000 MW and another 8,000-10,000 MW capacity is in pipeline.

Shares of the company were trading at Rs 139.45, down 0.75% on the BSE. 

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

Popular

More like this
Related

IPL 2024: Riyan Parag Shines As RR Posts 185/5 Against DC

Jaipur: In a remarkable turn of events, Rajasthan Royals...

NIA Arrests One Key Conspirator In Rameshwaram Cafe Blast Case

New Delhi: In a significant development in the investigation...

H1B Visa: USCIS Gears Up For Lottery Selection For Fy-25

Due to a technical issue with its website, the USCIS delayed the deadline for visa applications for the financial year 2025 by three days from March 22nd to March 25th, 2024

To Browbeat And Bully Others Is Vintage Congress Culture: PM Modi After 600 Lawyers Write CJI

New Delhi: In response to the voiced apprehensions of...