NTPC shines on getting approval from shareholders to raise up to Rs 12,000 crore
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NTPC is currently trading at Rs. 163.70, up by 3.10 points or 1.93% from its previous closing of Rs. 160.60 on the BSE.
The scrip opened at Rs. 162.70 and has touched a high and low of Rs. 166.35 and Rs. 162.70 respectively. So far 570484 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 166.35 on 2-Sept-2022 and a 52 week low of Rs. 112.35 on 08-Sep-2021.
Last one week high and low of the scrip stood at Rs. 166.35 and Rs. 160.30 respectively. The current market cap of the company is Rs. 155728.46 crore.
The promoters holding in the company stood at 51.10%, while Institutions and Non-Institutions held 45.49% and 3.40% respectively.
NTPC has received an approval from shareholders to raise up to Rs 12,000 crore through issuance of non-convertible debentures on private placement basis. The funds to be raised in one or more tranches (not exceeding 12) will be used for capital expenditure, working capital and general corporate purposes. As the company is in capacity expansion mode, major portion of the capital expenditure requirement has to be funded by debt.
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.
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