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NTPC and CEB to form a JV to set up a 500MW plant in Sri Lanka
NTPC and Ceylon Electricity Board (CEB), Sri Lanka, signed a JV agreement on September
6, 2011, in Colombo for setting up a 500MW (2X250MW) coal-based power station at
Sampur, Trincomalee in the Eastern Province of Sri Lanka. The proposed JV Company
would be incorporated in Sri Lanka, with equal equity contributions from NTPC and CEB.
At the CMP, NTPC is trading at 1.6x FY2013E P/BV. We maintain our Buy view 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 and CEB to form a JV to set up a 500MW plant in Sri Lanka
NTPC and Ceylon Electricity Board (CEB), Sri Lanka, signed a JV agreement on September
6, 2011, in Colombo for setting up a 500MW (2X250MW) coal-based power station at
Sampur, Trincomalee in the Eastern Province of Sri Lanka. The proposed JV Company
would be incorporated in Sri Lanka, with equal equity contributions from NTPC and CEB.
At the CMP, NTPC is trading at 1.6x FY2013E P/BV. We maintain our Buy view on the
stock with a target price of `202.
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