NTPC bags 100 MW of solar capacities

On Tuesday, the government-owned enterprise NTPC informed the bourses that it has won 100 MW of Solar capacities at a levelised tariff of Rs 2.9l/unit, applicable for 25 years.

The company had participated in the 250 MW tender floated by Solar Energy Corporation of India (SECI) for Dondaicha Solar Park, Dhule, Maharashtra.

NTPC would set up this project under EPC mode and will add to the installed capacity of NTPC.

Last month, the company commenced commercial operations of 660 MW of Meja thermal power station stage-I (a JV company of NTPC).

At the start of May, the company raised around Rs 3,056.50 crore through private placement of secured non-convertible bonds in the nature of debentures at a coupon rate of 7.93 per cent p.a. with a door-to-door maturity of three years. The proceeds would be utilised to meet the capex requirement, refinancing of existing loans, working capital etc.

The stock of NTPC on Wednesday’s trading session opened at Rs. 126.3, but it later declined by a per cent to intra-day low of Rs. 123.3. At 14.31 hours, the stock was trading at Rs 123.9, down by 1.20 per cent from the previous close.