NTPC shines on getting nod to hive-off coal mining business
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NTPC is currently trading at Rs. 225.15, up by 6.70 points or 3.07% from its previous closing of Rs. 218.45 on the BSE.
The scrip opened at Rs. 219.95 and has touched a high and low of Rs. 225.20 and Rs. 218.85 respectively. So far 986299 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 226.40 on 01-Aug-2023 and a 52 week low of Rs. 150.55 on 31-Jul-2022.
Last one week high and low of the scrip stood at Rs. 226.40 and Rs. 195.95 respectively. The current market cap of the company is Rs. 218174.99 crore.
The promoters holding in the company stood at 51.10%, while Institutions and Non-Institutions held 46.10% and 2.80% respectively.
NTPC has received approval to hive-off its coal mining business to a wholly owned subsidiary i.e. NTPC Mining through a Business Transfer Agreement. The Board of Directors of company in its meeting held on July 29, 2023, has approved the same.
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.
