NTPC tanks 11 per cent on CERC tariff norms

Written by PTI | Mumbai | Updated: Feb 25 2014, 00:26am hrs
Shares of power major NTPC plunged over 11 per cent today amid concerns that the new tariff regulations by Central Electricity Regulatory Commission could have a negative impact on the company.

The steep fall was mainly triggered over concerns that certain provisions in the '2014-19 Tariff Regulations' -- notified on February 21 -- could have some negative impact on the company.

The regulations were notified by the Central Electricity Regulatory Commission (CERC).

Reacting to the development, shares of the company opened on a weak note on the BSE Sensex and slumped by 11.50 per cent to its 52-week low level of Rs 116.95 in morning trade today.

Similar movement was seen on the NSE Nifty as well where the stock, after opening at Rs 128.50, fell 11.77 per cent to its intra-day low of Rs 116.85.