NTPC trades higher on inking MoU with Oil India
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NTPC is currently trading at Rs. 233.35, up by 2.75 points or 1.19% from its previous closing of Rs. 230.60 on the BSE.
The scrip opened at Rs. 233.25 and has touched a high and low of Rs. 234.00 and Rs. 230.55 respectively. So far 244974 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 234.95 on 04-Sep-2023 and a 52 week low of Rs. 155.05 on 28-Sep-2022.
Last one week high and low of the scrip stood at Rs. 234.95 and Rs. 216.55 respectively. The current market cap of the company is Rs. 226271.70 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 signed a Memorandum of Understanding (MoU) with Oil India on August 31, 2023 to explore collaboration in the areas of Renewable Energy, Green Hydrogen & its derivatives, Geothermal and other Decarbonization initiatives. The MoU shall facilitate knowledge and experience sharing on the upcoming Decarbonisation technologies like Carbon Sequestration.
The two Maharatna giants, through this MoU, intend to enhance their footprint in Renewable Energy domain and foray into sustainable solutions to advance the efforts towards achieving the nation’s Net-Zero targets. NTPC is committed to achieve 60 GW of Renewable Energy capacity by 2032 and be a major player in Green Hydrogen Technology and Energy Storage domain. The company is taking up several initiatives towards decarbonization such as Hydrogen blending, Carbon Capture & Fuel cell buses among others.
