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NTPC to invest `6,600cr in UP power project
NTPC is planning to invest `6,600cr in setting up a 1,320MW power project in Bilhaur,
near Kanpur in Uttar Pradesh. The work on the project is expected to begin in the first week
of January 2012. The MoU for land and water for the project was signed in December
2010. The project is awaiting environment clearance from the Ministry of Forest and
Environment. NTPC currently has a total installed capacity of 34,854MW and plans to add
4,320MW in FY2012. At the CMP of `187, the stock is trading at 2x FY2012E and 1.9x
FY2013E P/BV. We maintain Accumulate on the stock with a target price of `202.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
NTPC to invest `6,600cr in UP power project
NTPC is planning to invest `6,600cr in setting up a 1,320MW power project in Bilhaur,
near Kanpur in Uttar Pradesh. The work on the project is expected to begin in the first week
of January 2012. The MoU for land and water for the project was signed in December
2010. The project is awaiting environment clearance from the Ministry of Forest and
Environment. NTPC currently has a total installed capacity of 34,854MW and plans to add
4,320MW in FY2012. At the CMP of `187, the stock is trading at 2x FY2012E and 1.9x
FY2013E P/BV. We maintain Accumulate on the stock with a target price of `202.
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