NTPC gains on commencement of 500 Mw thermal power project

State owned power generator National Thermal Power Corporation (NTPC) is trading higher by more than 2 per cent at Rs 168 after commencement of 500 Mw thermal power project.

“The Unit 3 of 500 Mw of Simhadri super thermal power project is declared on commercial operation w.e.f. 00:00 hours of September 16, 2011,” the state-owned power company said in a filing to the stock exchanges. “With this the commercial capacity of Simhadri is 1500 Mw and that of NTPC is 30,330 Mw,” it added.