NTPC gains on transferring 15 renewable energy assets to NGEL
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NTPC is currently trading at Rs. 170.95, up by 0.40 points or 0.23% from its previous closing of Rs. 170.55 on the BSE.
The scrip opened at Rs. 170.70 and has touched a high and low of Rs. 171.30 and Rs. 170.10 respectively. So far 50466 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. 126.85 on 07-Mar-2022.
Last one week high and low of the scrip stood at Rs. 173.50 and Rs. 169.00 respectively. The current market cap of the company is Rs. 165425.12 crore.
The promoters holding in the company stood at 51.10%, while Institutions and Non-Institutions held 46.29% and 2.62% respectively.
NTPC has completed transfer of 15 renewable energy assets to NTPC Green Energy (NGEL), a wholly owned subsidiary of NTPC, through a business transfer agreement, executed on July 08, 2022. Besides, the company has also transferred 100% equity shareholding held in NTPC Renewable Energy, a wholly owned subsidiary of NTPC, to NGEL through a share purchase agreement, executed on July 08, 2022.
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.
