NTPC gains as its arm inks MoUs for green hydrogen projects in Gujarat
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NTPC is currently trading at Rs. 315.40, up by 2.75 points or 0.88% from its previous closing of Rs. 312.65 on the BSE.
The scrip opened at Rs. 315.00 and has touched a high and low of Rs. 316.25 and Rs. 309.65 respectively. So far 366172 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 325.60 on 05-Jan-2024 and a 52 week low of Rs. 162.65 on 03-Feb-2023.
Last one week high and low of the scrip stood at Rs. 321.40 and Rs. 308.10 respectively. The current market cap of the company is Rs. 304863.18 crore.
The promoters holding in the company stood at 51.10%, while Institutions and Non-Institutions held 45.82% and 3.08% respectively.
NTPC’s wholly owned subsidiary -- NTPC Green Energy (NGEL) has signed the Memoranda of Understandings (MoUs) with Gujarat State Petroleum Corporation (GSPC) and Gujarat Pipavav Port (GPPL) for the development of green hydrogen projects in Gujarat. These pacts were signed at the Vibrant Gujarat Summit in Gandhinagar.
The MoU with GSPC is for the blending of green hydrogen in the gas networks of GSPC and green hydrogen mobility by setting up of green hydrogen fuelling stations in Gujarat. The MoU with GPPL aims to develop green hydrogen ecosystem, including production of Green Ammonia at the land provided by GPPL for export and domestic market
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.
