NTPC tumbles over 11% on concerns over CERC regulations

NTPC tumbles over 11% on concerns over CERC regulations
Shares of state-controlled NTPC plunged over 11 per cent in early trade on Bombay Stock Exchange (BSE) after the the Central Electricity Regulatory Commission (CERC) released draft regulations that will decide the multi-year power tariffs for 2014-2019.

The regulation is likely to affect all regulated power generation companies, whose tariff rates are set to get cheaper, the CNBC TV18 report suggests.

Reacting to news, shares of company declined as much as 11.54 per cent to trade at Rs 135.55 a piece on the BSE. In a similar fashion, shares of the company slipped 10.46 per cent to Rs 137.40 a piece on National Stock Exchange.

Meanwhile, the broader benchmark Sensex was quoting at 21,274.22, down 52.20 points or 0.27 per cent at 10:10 hours.

Dion Global Solutions Ltd.

Read more about: ntpc, power tariffs, bse, nse, power generation
Story first published: Tuesday, December 10, 2013, 12:59 [IST]
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