NTPC Receives Approval for Dulanga Coal Mining Project, India
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NTPC, India’s largest energy conglomerate is again in the news. The board of directors has accorded investment approval for Dulanga Coal Mining Project having rated production capacity of 7 MTPA at an appraised estimated cost of Rs 1053.41 crore.
The stock of the company will be in focus on Jan 12. The stock in the last one year has given a return of 16.17 percent. Currently, the stock is trading with a P/E of 13.45. In the last one year, the stock has outperformed the BSE Sensex and the Power index.
In the last three years, on an annualized basis it has given a return of 7.76 percent. During the same period the Sensex and the Power index have given a return of 9.33 and 9.11 percent, respectively.
ICICI Prudential, HDFC and Birla Sun Life Mutual Fund are the three fund houses which have invested in the stock of the company.
Source: (January 12, 2017) India Infoline News Service
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