National Thermal Power Corporation Ltd (NTPC) has announced that the Company has formed a subsidiary Company under the name and style of "Bhartiya Rail Bijlee Company Ltd" on November 22, 2007 for setting up a captive power plant of 1000 MW (2X250MW) at Nabinagar, Bihar.NTPC shall contribute 74% equity and the balance 26% equity in the share capital of this Company shall be extended by Ministry of Railways, Government of India.The Stock closed the day at Rs.227.55, down by Rs.11.95 or 4.99%. The stock hit an intraday high of Rs.245 and low of Rs.220.The total traded quantity was 6274282 compared to 2 week average of 3821007.
Source : Equitybulls
22nd November, 2007