NTPC plans over Rs. 20,000-crore capital expenditure in FY 2014

 

New Delhi:  NTPC, today said it has planned a capital expenditure of over Rs. 20,000 crore during the current fiscal for its expansion.

 

"We had a capex of Rs. 19,926 crore during the previous financial year (2012-13) and plan to raise it to Rs. 20,200 crore this fiscal (2013-14)," said Arup Roy Choudhury, chairman and managing director of NTPC, while addressing the shareholders today at the company's Annual General Meeting here.

 

The government sold 9.5 per cent of its stake in the public unit last year. Following this disinvestment, the government shareholding in NTPC now stands at 75 per cent. The offer for sale garnered over Rs. 11,400 crore for the government.    Press release.