NTPC share price: Anil Singhvi says Khurja super thermal power project on track | Know strategy

In a development that could act as catalyst for NTPC share price, Khurja super thermal power project has been asked to put on a fast-track by Prime Minister Narendra Modi, said Zee Business Managing Editor Anil Singhvi.

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Talking about this project, Chetan Bhutani of Zee Business, citing sources, told Anil Singhvi that the Prime Minister has asked officials concerned to speed up work on two mega power plants of 1320 megawatt in a review meeting in January. "In fact, a timeline has been set for handing over remaining land by Uttar Pradesh government. UP government has been asked to complete the formalities regarding land by February 28. Also, Power Ministry has been directed to complete the project by February 2024.

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NTPC के लिए बड़ी खबर-

> NTPC का खुरजा सुपर थर्मल पावर प्रोजेक्ट फास्ट ट्रैक पर...
> प्रधानमंत्री मोदी ने #NTPC के प्रोजेक्ट की समीक्षा की#ZBizExclusive @AnilSinghvi_ @BhutaniChetan pic.twitter.com/NJ3jzvzEBA

— Zee Business (@ZeeBusiness) February 19, 2021

First deadline of this project was December 2023 and the ministry has been told to ensure that the deadline to complete this project should not exceed beyond two to three months. February 2024 deadline has been set deadline by Prime Minister himself. The project is coming up in Bulandshahr, Uttar Pradesh, and estimated cost of this project is pegged at Rs 12,676 crore," said Bhutani.

Talking about NTPC share, Sumeet Bagadia of Choice Broking, said NTPC is looking good on charts so far. Fresh breakout in this stock will be seen when it crosses Rs 107-Rs 108 level on upper side. " One should definitely hold existing position and trailing stop loss should be used. Trailing stop loss should be between Rs 101 and Rs 102. On upper side, when NTPC share breaks Rs 105 level, another hurdle will be Rs 107-Rs108. The stock will show more strength when it surpasses these levels, Bagadia added.