NTPC trades higher on planning to raise up to Rs 12,000 crore through bonds
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NTPC is currently trading at Rs. 219.80, up by 1.90 points or 0.87% from its previous closing of Rs. 217.90 on the BSE.
The scrip opened at Rs. 219.05 and has touched a high and low of Rs. 221.25 and Rs. 218.15 respectively. So far 333930 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. 226.60 and Rs. 209.75 respectively. The current market cap of the company is Rs. 213181.20 crore.
The promoters holding in the company stood at 51.10%, while Institutions and Non-Institutions held 46.10% and 2.80% respectively.
NTPC is planning to raise up to Rs 12,000 crore through the issuance of bonds/debentures on a private placement basis in the domestic market for capex, working capital and general corporate purposes. As the company is under capacity expansion mode, a major portion of capital expenditure requirement has to be funded by debt. The company will seek shareholders' nod in its annual general meeting on August 30, 2023.
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.
