NTPC chief Arup Roy Choudhury called on Chief Minister K Chandrasekhar Rao and the duo discussed details of the plant, a press release by the Telangana government said today.
State-run NTPC is expected to commence work on the first unit of the proposed 4,000 mw (5x800) power plant at Ramagundam in Telangana immediately.
NTPC chief Arup Roy Choudhury called on Chief Minister K Chandrasekhar Rao and the duo discussed details of the plant, a press release by the Telangana government said today.
"The Chairman NTPC said that the work at the unit will commence immediately and first unit will be completed within 39 months. Necessary environmental clearances will be obtained by the Telangana government for establishing the unit," the statement said, adding the new plant is expected to come up adjacent to NTPC's existing 2,600 mw plant at Ramagundam.
The Chief Minister has agreed to provide the required land in toto either from the available land or by acquiring from Singareni, it said.
A senior official of NTPC had earlier said the work can be taken up immediately as the power producer has already called for bulk tendering of 800 mw plants.
NTPC stock price
On July 07, 2014, NTPC closed at Rs 158.95, up Rs 0.30, or 0.19 percent. The 52-week high of the share was Rs 168.80 and the 52-week low was Rs 110.90.
The company's trailing 12-month (TTM) EPS was at Rs 13.31 per share as per the quarter ended March 2014. The stock's price-to-earnings (P/E) ratio was 11.94. The latest book value of the company is Rs 110.80 per share. At current value, the price-to-book value of the company is 1.43.
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