NTPC to invest Rs 5,459 cr in Mauda Thermal Power Project
State-run power utility NTPC said it will invest Rs 5,459.28 crore in Mauda Thermal Power Project (2x500 MW) in Maharashtra.
By PTI |
MUMBAI: State-run power utility NTPC on Monday said it will invest Rs 5,459.28 crore in Mauda Thermal Power Project (2x500 MW) in Maharashtra.
The firm would also undertake the renovation and modernisation works at Kawas Gas Power Station (645 MW) in Gujarat at an estimated cost of Rs 597.49 crore, it informed the Bombay Stock Exchange.
NTPC would make equity investment of up to Rs 1,188.26 crore in its subsidiary Bhartiya Rail Bijlee Company Ltd for the implementation of Nabinagar Thermal Power Project (4x250 MW) in Bihar. However, the project is subject to prior proportionate equity contribution by the Indian Railways.
These proposals were approved by the board of directors during their meeting today.
Shares of the company closed at Rs 238.60, up 0.85 per cent, on the BSE.
The firm would also undertake the renovation and modernisation works at Kawas Gas Power Station (645 MW) in Gujarat at an estimated cost of Rs 597.49 crore, it informed the Bombay Stock Exchange.
NTPC would make equity investment of up to Rs 1,188.26 crore in its subsidiary Bhartiya Rail Bijlee Company Ltd for the implementation of Nabinagar Thermal Power Project (4x250 MW) in Bihar. However, the project is subject to prior proportionate equity contribution by the Indian Railways.
These proposals were approved by the board of directors during their meeting today.
Shares of the company closed at Rs 238.60, up 0.85 per cent, on the BSE.
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