Mumbai, Dec 29 (IANS): State-run thermal power generator NTPC Thursday said its board had approved investment plans of Rs.18,346.59 crore ($3.44 billion) for two power projects in India.
The board of directors of the company has accorded investment approval for a 2,400 MW project in Karnataka and a 500 MW project in Madhya Pradesh, the company said in a regulatory filing.
The two projects -- Kudgi Super Thermal Power Project and Vindhyachal Super Thermal Power Project, stage-V -- to be implemented in Karnataka and Madhya Pradesh, respectively, at an appraised current estimated cost of Rs.15,166.19 crore and Rs.3,180.40 crore, respectively, are subject to environmental clearance from the union ministry of environment and forests.
At the Bombay Stock Exchange, shares of the company were 0.28 percent down to trade at Rs.160.70.