NTPC hits 52-week high on winning 1.9 GW solar projects under CPSU scheme
Shares of state-owned electric utilities company NTPC registered a fresh 52-week high at Rs 132.10, up 4 per cent on the BSE in Tuesday’s intra-day trade after the company confirmed the winning of 1.9 GW solar projects under Central Public Sector Undertaking (CPSU) scheme.
The stock surpassed its previous high of Rs 127 hit on September 24, 2021. In past one month, the stock has rallied 16 per cent, as compared to 7 per cent rise in the S&P BSE Sensex.
“NTPC has won 1.9 GW in the auction of CPSU Scheme-II, Tranche-III of 5 GW. However, Company has no material information to add to above mentioned news item which is in the normal course of business of the Company,” NTPC said on clarification on news report.
