NTPC gains on planning to import 5.4 million tonnes of coal in first half of FY24
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NTPC is currently trading at Rs. 178.95, up by 1.05 points or 0.59% from its previous closing of Rs. 177.90 on the BSE.
The scrip opened at Rs. 178.55 and has touched a high and low of Rs. 179.35 and Rs. 178.20 respectively. So far 71982 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. 130.55 on 15-Mar-2022.
Last one week high and low of the scrip stood at Rs. 182.15 and Rs. 177.25 respectively. The current market cap of the company is Rs. 173279.42 crore.
The promoters holding in the company stood at 51.10%, while Institutions and Non-Institutions held 46.29% and 2.62% respectively.
NTPC is planning to import around 5.4 million tonnes of coal for its group stations to meet domestic coal supply shortage during the first half of Financial Year 2023-24. The price of imported coal is not comparable with the price of domestic coal as it has a higher calorific value. The pricing of imported coal is linked with International Indices for imported coal, source of origin and factors like ocean freight, insurance etc. which vary with the international demand-supply scenario.
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.
