NTPC gains over 3 per cent on floating solar plants

Shares of NTPC stood as the highest gainer amongst the S&P BSE Sensex post the company’s announcement of floating solar plants.

NTPC Kawas is in Surat district in the Indian state of Gujarat which has become the first power unit in the state to install a 1MW grid-connected floating solar project. This is likely to be commissioned in the month of April this year.

As of recent, major news reports said that the solar project on Kawas campus was going on since the last six months and is almost near completion. Furthermore, in the coming days, an additional 40MW solar power project and waste-to-energy project of 12MW are likely to be commissioned at NTPC. This will add up to the solar power generation capacity at NTPC.

On Friday, the stock of NTPC opened at Rs. 130 per share against Wednesday’s close of Rs. 129.30. At 13:05 hours the stock was up by 2.94 per cent, trading at Rs. 133.10. The stock reached an intraday high of Rs. 134.10 and an intraday low of Rs. 129.85 per share on the BSE. The 52-week high stood at Rs. 149.82 and the 52-week low was Rs 106.71 per share on the BSE. Meanwhile, the BSE Sensex was quoting 38,273.73, down by 0.29.