NTPC surges as company reveals plans to build rail infra in Karnataka
Shares of NTPC, the country’s largest energy conglomerate, surged up to 3 per cent in Thursday's trade after the company laid out plans for Rs 1,000 crore investment in Karnataka.
By ET Online |
NEW DELHI: Shares of NTPC, the country’s largest energy conglomerate, ended 1.66 per cent higher on Thursday after the company laid out plans for Rs 1,000 crore investment in Karnataka.
NTPC and South Western Railways signed an agreement for doubling of the Hotgi-Kudgi section of South Western Railway under customer funding concession.
NTPC has already deposited Rs 946 crore with South Western Railway towards the cost of doubling of railway section between Hotgi - Kudgi (134 km).
Reacting to the development, the scrip gained 2.66 per cent to hit a high of Rs 151.90 on the BSE. The stock has climbed 4 per cent in the year so far.
NTPC and South Western Railways signed an agreement for doubling of the Hotgi-Kudgi section of South Western Railway under customer funding concession.
NTPC has already deposited Rs 946 crore with South Western Railway towards the cost of doubling of railway section between Hotgi - Kudgi (134 km).
Reacting to the development, the scrip gained 2.66 per cent to hit a high of Rs 151.90 on the BSE. The stock has climbed 4 per cent in the year so far.
Too busy to trade in stocks? Invest in Mutual Funds with ET Money!
Bookmark or read stories offline -
Download ET Markets APP
Download ET Markets APP
ADVERTISEMENT
