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NTPC stock zooms 3%; top gainer on Nifty 50

Shares of NTPC ended higher by 3% and were the top gainer on the Nifty 50 on reports that the company was planning to buy operational coal-based power stations with domestically manufactured equipment.

The company has invited bids from promoters and lenders for domestic coal-based power plants, as per media report.

The report quoted an NTPC official and said NTPC will only look at running power plants commissioned in the last three years, close to a coal source and whose cost of power generation is less than NTPC’s generation cost.

The stock ended at Rs 186.05, up by Rs 5.65 or 3.13% from its previous closing of Rs 180.4 on the BSE.The scrip opened at Rs 180.9 and touched a high and low of Rs 186.35 and Rs 179.65 respectively.

NTPC, a Maharatna company, is a PSU and largest power company in India with a capacity of 51671 MW. It contributed 16% of national installed capacity and generated 24% of the country’s output in FY17. Its coal stations achieved 78.59% PLF in FY17.