NTPC gains as its arm incorporates Green Valley Renewable Energy
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NTPC is currently trading at Rs. 169.75, up by 1.35 points or 0.80% from its previous closing of Rs. 168.40 on the BSE.
The scrip opened at Rs. 168.70 and has touched a high and low of Rs. 170.15 and Rs. 167.75 respectively. So far 274691 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 170.15 on 07-Sep-2022 and a 52 week low of Rs. 112.35 on 08-Sep-2021.
Last one week high and low of the scrip stood at Rs. 170.15 and Rs. 160.30 respectively. The current market cap of the company is Rs. 163825.17 crore.
The promoters holding in the company stood at 51.10%, while Institutions and Non-Institutions held 45.49% and 3.40% respectively.
NTPC’s wholly owned subsidiary -- NTPC Renewable Energy (NTPC REL) has incorporated Green Valley Renewable Energy, as a subsidiary of NTPC REL in 51:49 Joint Venture with DVC on August 25, 2022. A Certificate of Incorporation in this regard had been issued by the Registrar of Companies on September 6, 2022. The main object of the Company is to develop, operate and maintain Renewable Energy Park and Project(s) in reservoirs and land owned by DVC.
NTPC is the largest power utility company in India and has presence in Coal, Gas, Solar PV, Hydro and Wind Power Generation and Coal Mining.
