NTPC gains on partnering with Indian Army to establish solar hydrogen-based microgrid
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NTPC is currently trading at Rs. 402.05, up by 3.20 points or 0.80% from its previous closing of Rs. 398.85 on the BSE.
The scrip opened at Rs. 398.85 and has touched a high and low of Rs. 405.95 and Rs. 398.80 respectively. So far 32938 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. 230.75 on 30-Oct-2023.
Last one week high and low of the scrip stood at Rs. 428.75 and Rs. 391.70 respectively. The current market cap of the company is Rs. 386751.53 crore.
The promoters holding in the company stood at 51.10%, while Institutions and Non-Institutions held 45.22% and 3.68% respectively.
NTPC has partnered with the Indian Army to establish a Solar Hydrogen-based Microgrid at Chushul, Ladakh. This significant step will provide a stable power supply using Green Hydrogen in off-grid Army locations.
The Solar-Hydrogen microgrid is set to replace existing diesel generators currently in use at off-grid Army locations. These systems offer numerous advantages, including the integration of renewable energy sources, a stable power supply under adverse conditions, reduced carbon emissions, and the promotion of a cleaner and sustainable energy ecosystem as they are highly scalable and suitable for various applications. Moreover, these systems combine the reliability of battery storage with the extended energy storage capability of hydrogen, ensuring a consistent power supply.
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.
