NTPC rises as its arm secures bid for 80 MW floating solar project in Madhya Pradesh
NTPC is currently trading at Rs. 218.40, up by 1.25 points or 0.58% from its previous closing of Rs. 217.15 on the BSE.
The scrip opened at Rs. 218.95 and has touched a high and low of Rs. 219.70 and Rs. 216.60 respectively. So far 127052 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 226.60 on 01-Aug-2023 and a 52 week low of Rs. 152.80 on 12-Aug-2022.
Last one week high and low of the scrip stood at Rs. 223.50 and Rs. 214.05 respectively. The current market cap of the company is Rs. 211726.71 crore.
The promoters holding in the company stood at 51.10%, while Institutions and Non-Institutions held 46.10% and 2.80% respectively.
NTPC’s step-down subsidiary -- NTPC Renewable Energy (NTPC REL) has been the successful bidder for 80 MW Floating Solar capacity at Omkareshwar Reservoir, Khandwa, Madhya Pradesh. The bidding was conducted on August 8, 2023 by Rewa Ultra Mega Solar (RUMSL), the JV Company of Solar Energy Corporation of India (SECI) and MP Urja Vikas Nigam. The discovered tariff is Rs 3.80/kWh and the energy generated from the project shall be used by MP state DISCOMs.
With completion of this project, the floating solar capacity of NTPC shall be 342 MW. The biggest Floating Solar project in the country is of 100 MW capacity located at NTPC Ramagundam in Telangana. As on date, NTPC Group has 3.3 GW RE operational capacity, 20 GW RE capacity in pipeline, including 4 GW Energy Storage System and country’s first Green Hydrogen based PNG blending project.
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.
