NTPC gains on achieving 20% torrefied biomass co-firing at Tanda thermal plant in Uttar Pradesh
NTPC is currently trading at Rs. 348.90, up by 2.90 points or 0.84% from its previous closing of Rs. 346.00 on the BSE.
The scrip opened at Rs. 348.50 and has touched a high and low of Rs. 354.00 and Rs. 347.95 respectively. So far 72372 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 380.40 on 03-May-2024 and a 52 week low of Rs. 171.90 on 01-Jun-2023.
Last one week high and low of the scrip stood at Rs. 368.75 and Rs. 344.95 respectively. The current market cap of the company is Rs. 335504.65 crore.
The promoters holding in the company stood at 51.10%, while Institutions and Non-Institutions held 45.52% and 3.38% respectively.
NTPC has achieved 20 per cent torrefied biomass co-firing at Unit-4 at Tanda thermal plant in Uttar Pradesh. The company has established co-firing of 7-10 per cent non-torrefied biomass with coal at NTPC Dadri.
However, to achieve higher percentages of biomass co-firing without major modifications, the possibility of using torrefied biomass was explored by Energy Transition and Policy Research Division of NTPC Engineering. The initiative was a first of its kind in the Indian power sector, showcasing NTPC's commitment to decarbonising existing coal-fired fleets and advancing towards net-zero emission targets.
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.
