NTPC rises on getting shareholders’ nod to raise up to Rs 18,000 crore
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NTPC is currently trading at Rs. 141.70, up by 1.15 points or 0.82% from its previous closing of Rs. 140.55 on the BSE.
The scrip opened at Rs. 142.00 and has touched a high and low of Rs. 143.10 and Rs. 139.15 respectively. So far 1739120 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 144.15 on 29-Sep-2021 and a 52 week low of Rs. 78.10 on 14-Oct-2020.
Last one week high and low of the scrip stood at Rs. 144.15 and Rs. 123.85 respectively. The current market cap of the company is Rs. 137450.24 crore.
The promoters holding in the company stood at 51.10%, while Institutions and Non-Institutions held 46.15% and 2.76% respectively.
NTPC has received shareholders’ approval to raise up to Rs 18,000 crore through the issuance of bonds or debentures. In addition to capital expenditure (capex) requirement, the company also needs to borrow for meeting its working capital needs and other general corporate purposes, which are partly proposed to be met through the issuance of non-convertible bonds.
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.
