NTPC gains on signing MoU with MECON
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
NTPC is currently trading at Rs. 155.70, up by 0.65 points or 0.42% from its previous closing of Rs. 155.05 on the BSE.
The scrip opened at Rs. 155.10 and has touched a high and low of Rs. 156.40 and Rs. 155.10 respectively. So far 20776 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 166.30 on 19-Apr-2022 and a 52 week low of Rs. 111.10 on 04-Jun-2021.
Last one week high and low of the scrip stood at Rs. 160.15 and Rs. 148.85 respectively. The current market cap of the company is Rs. 150346.81 crore.
The promoters holding in the company stood at 51.10%, while Institutions and Non-Institutions held 45.67% and 3.23% respectively.
NTPC has signed a Memorandum of Understanding (MoU) with MECON to avail consultancy and project management services for its coal mines. Under the Ministry of Steel, MECON is an engineering, consultancy and contracting organisation, offering full range of services required for setting up of a project from concept to commissioning, including turnkey execution.
The pact will further help in strengthening the infrastructure facilities at the NTPC coal mine. The expertise and experience of MECON will be beneficial for NTPC coal mines in engineering consultancy and project management services related to design, engineering mining infrastructure facilities, power supply and distribution facilities, mining plan, feasibility report /detail project report and environmental compliances.
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.
