Power Minister Piyush Goyal said that National Thermal Power Corporation (NTPC) has no proposal to acquire stressed power projects or enable their lenders to operate on contract basis as of now.

Goyal also informed that the government has reviewed the status of 34 stressed Thermal Power Projects, as per the list provided by Department of Financial Services (DFS), with an estimated debt of about Rs. 1.77 lakh crore.

As per DFS data, the total advances towards electricity generation sector reported by Scheduled Commercial Banks (SCBs) is about Rs. 4.71 lakh crore and most of them are stranded assets.

Neyveli Lignite Corporation of India Limited (NLCIL) has identified Ragunathpur Thermal Power Station- Phase-I (2x660 MW), a stressed asset of Damodar Valley Corporation (DVC) for acquisition. NLC has also shortlisted two suitable stressed power assets for possible acquisition to augment its power generation capacity, he added.

Meanwhile, NTPC was trading at Rs 162.75, down by 2.20 or 1.33% as at 1441 hours on Friday, on the BSE.

Stock view:

NTPC Ltd is currently trading at Rs 164.05, down by Rs 0.9 or 0.55% from its previous closing of Rs 164.95 on the BSE.

The scrip opened at Rs 164.1 and has touched a high and low of Rs 165.4 and Rs 161.95 respectively. So far 5951099(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 136008.94 crore.

The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 177.8 on 27-Jan-2017 and a 52 week low of Rs 143.45 on 13-Oct-2016. Last one week high and low of the scrip stood at Rs 167.1 and Rs 161.7 respectively.

The promoters holding in the company stood at 69.74 % while Institutions and Non-Institutions held 27.22 % and 3.04 % respectively.

The stock is currently trading above its 200 DMA.

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