NTPC tanks 4% as Chamoli avalanche damages hydropower project
NEW DELHI: Shares of NTPC fell nearly 4 per cent in Monday’s trade after a part of the company’s under-construction hydropower project got damaged by the avalanche in Uttarakhand’s Chamoli district.
The company has said that it is monitoring the situation continuously along with the district administration and police.
Following the development, the stock fell 3.66 per cent to hit a low of Rs 96 on BSE. The stock recovered later and was trading 0.9 per cent lower at Rs 98.75 by 10.10 am.
A part of the under-construction Tapovan Vishnugad hydro power project (520 MW) has faced damages while another privately-owned Rishi Ganga hydro project (130 MW) was completely devastated.
