"NTPC said that the Board of Directors of the company has accorded the investment approval for the Khargone power project in Madhya Pradesh at an appraised current estimated cost of Rs 9,870.51 crore," the company said in a regulatory filing.
State-owned NTPC today said its board has approved the investment proposal for 1,320 MW thermal power project in Madhya Pradesh.
"NTPC said that the Board of Directors of the company has accorded the investment approval for the Khargone power project in Madhya Pradesh at an appraised current estimated cost of Rs 9,870.51 crore," the company said in a regulatory filing.
The approval is subject to Environment Clearance of Ministry of Environment and Forests.
The Board of Directors has also accorded approval to the company's proposal to set up 10,000 MW of renewable energy projects during the next five years.
Shares of the company closed at Rs 146, down 0.34 percent on the BSE.
NTPC stock price
On February 25, 2015, NTPC closed at Rs 146.00, down Rs 0.5, or 0.34 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 12.66 per share as per the quarter ended December 2014. The stock's price-to-earnings (P/E) ratio was 11.53. The latest book value of the company is Rs 104.08 per share. At current value, the price-to-book value of the company is 1.40.
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