Meanwhile, the BSE Sensex was down 156.13 points, or 1.09%, to 14,170.09.
On BSE, 11.47 lakh shares were traded in the counter. The scrip had an average daily volume of 17.66 lakh shares in the past one quarter.
The stock hit a high of Rs 195.70 and a low of Rs 186.55 so far during the day. The stock had hit a 52-week high of Rs 233 on 15 June 2009 and a 52-week low of Rs 113 on 27 October 2008.
The stock had underperformed the market over the past one month till 22 June 2009, falling 11.72% as compared to the Sensex's 3.16% gain. It had also underperformed the market in the past one quarter, rising 7.58% as against the Sensex rise of 59.77%.
The large-cap state-run power generator has an equity capital of Rs 8245.46 crore. Face value per share is Rs 10.
The current price of Rs 195.55 discounts the company's year ended March 2009 EPS of Rs 9.95, by a PE multiple of 19.65.
Transformers and Electricals Kerala makes and repairs heavy duty transformers.
Meanwhile, NTPC's chairman and managing director R S Sharma today, 23 June 2009, said NTPC is open to buying Reliance Industries (RIL)'s 2.67 million standard cubic metres a day (mscmd) gas at $4.2 per million metric British thermal unit (mmBtu). The deal covers all of NTPC's gas stations, except Kawas and Gandhar, supplies to which are currently under litigation.
According to gas utilisation and allocation policy, an empowered group of ministers (EGoM) had approved allocation of 16.66 mscmd of gas from RIL's D6 block for the power sector. Of this, NTPC was allocated 2.67 mscmd for projects of NTPC other than the two projects for which the legal battle between NTPC and Reliance was going on.
Reliance and NTPC are tangled in a legal issue over implementation of a gas supply agreement between them in 2005. Under the disputed deal, RIL was awarded a contract after it emerged as the lowest bidder ($2.34/mbtu) to supply 12 mscmd of gas to NTPC's Kawas and Gandhar projects in western Gujarat state for 17 years. The case is currently being heard by the Bombay High Court.
Earlier this month, some reports had suggested the company plans to invest Rs 55000 crore over the next three years to augment its generation capacity to over 40,000 megawatts by the end of the Eleventh Five Year Plan.
R S Sharma, chairman and managing director of NTPC, was on 29 May 2009, quoted by the media as saying that the increased capacity would generate additional revenue of up to Rs 38000 crore by the end of fiscal 2011/12 (April to March).
On 29 May 2009, NTPC signed a 20-year contract to buy coal for its power stations from state-owned Coal India. The company would import 12.5 million tonnes of coal during 2009/10, compared to 8.5 million tonnes last year.
NTPC's net profit rose 57.8% to Rs 2113.35 crore on a 6.5% rise in sales to Rs 11445.78 crore in Q4 March 2009 over Q4 March 2008.
NTPC owns and operates power generation plants that supply power to state electricity boards throughout India. The company is 89.50% held by the Government of India and it undertakes turnkey consulting projects to set up power plants.