NTPC gains on inking pact with Japanese agency for $200 million loan
NTPC is currently trading at Rs. 330.35, up by 1.15 points or 0.35% from its previous closing of Rs. 329.20 on the BSE.
The scrip opened at Rs. 333.70 and has touched a high and low of Rs. 333.70 and Rs. 328.15 respectively. So far 192407 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 360.35 on 06-Mar-2024 and a 52 week low of Rs. 166.65 on 20-Apr-2023.
Last one week high and low of the scrip stood at Rs. 333.70 and Rs. 317.55 respectively. The current market cap of the company is Rs. 320183.92 crore.
The promoters holding in the company stood at 51.10%, while Institutions and Non-Institutions held 45.86% and 3.05% respectively.
NTPC has inked a pact with a Japanese agency for sourcing foreign currency loans of $200 million (JPY 30 billion or around Rs 1,650 crore). Japan Bank for International Cooperation (JBIC), a government policy-based financial institution, will provide 60 per cent of the facility amount and the balance amount will be provided by other commercial banks under JBIC guarantee.
The agreements have been signed for a JPY 15 billion loan each for NTPC and NTPC Renewables Energy. The facility has been extended under JBIC's initiative entitled 'Global action for Reconciling Economic growth and Environment preservation' (GREEN) for projects which ensure the conservation of the global environment. The loan proceeds shall be utilized by NTPC for funding part of its capex requirements for Flue Gas Desulphurization (FGD) which substantially reduces the SOx emission in the flue gases of thermal power stations and is a positive step towards environmental sustainability.
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.