NTPC gains as its arm inks pact with HPCL Mittal Energy
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NTPC is currently trading at Rs. 175.95, up by 2.70 points or 1.56% from its previous closing of Rs. 173.25 on the BSE.
The scrip opened at Rs. 173.30 and has touched a high and low of Rs. 177.00 and Rs. 173.30 respectively. So far 203571 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 182.80 on 01-Nov-2022 and a 52 week low of Rs. 135.00 on 24-Jun-2022.
Last one week high and low of the scrip stood at Rs. 178.00 and Rs. 172.95 respectively. The current market cap of the company is Rs. 170661.32 crore.
The promoters holding in the company stood at 51.10%, while Institutions and Non-Institutions held 46.21% and 2.70% respectively.
NTPC’s wholly owned subsidiary -- NTPC Green Energy (NGEL) has signed an agreement with HPCL Mittal Energy to collaborate in renewable energy and generation of green hydrogen. A Memorandum of Understanding (MoU) signed between NTPC Green Energy (NGEL) and HPCL Mittal Energy (HMEL) on May 19, 2023.
The two companies envisage to collaborate in the field of Renewable Energy (RE) through sourcing of 250 MW RE-RTC (Round-The-Clock) power to meet the requirement of HPCL Mittal Energy, and also exploring opportunities in the green hydrogen business & its derivatives (Green Ammonia & Green Methanol).
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.
