NTPC gains as its arm inks MoU with Government of Rajasthan
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NTPC is currently trading at Rs. 445.30, up by 2.20 points or 0.50% from its previous closing of Rs. 443.10 on the BSE.
The scrip opened at Rs. 446.45 and has touched a high and low of Rs. 447.85 and Rs. 443.50 respectively. So far 145244 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 448.30 on 30-Sep-2024 and a 52 week low of Rs. 227.75 on 26-Oct-2023.
Last one week high and low of the scrip stood at Rs. 448.30 and Rs. 425.60 respectively. The current market cap of the company is Rs. 431937.99 crore.
The promoters holding in the company stood at 51.10%, while Institutions and Non-Institutions held 45.34% and 3.55% respectively.
NTPC’s wholly-owned subsidiary -- NTPC Green Energy (NGEL) has signed a Memorandum of Understanding (MoU) with Government of Rajasthan on September 30, 2024 for development of 25 GW of Renewable Energy Projects in the State of Rajasthan.
Earlier, NGEL had entered into a Joint Venture Agreement (JVA) with Mahatma Phule Renewable Energy and Infrastructure Technology (MAHAPREIT) on September 25, 2024. The JV company will undertake development of 10 GW of Renewable Energy Parks and Projects in Maharashtra or in any other state of India.
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.
