NTPC moves up as its arm inks MoU with Government of Bihar
NTPC is currently trading at Rs. 333.80, up by 0.50 points or 0.15% from its previous closing of Rs. 333.30 on the BSE.
The scrip opened at Rs. 336.10 and has touched a high and low of Rs. 338.30 and Rs. 330.40 respectively. So far 310900 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. 296.55 on 18-Jan-2024.
Last one week high and low of the scrip stood at Rs. 358.05 and Rs. 330.40 respectively. The current market cap of the company is Rs. 324159.55 crore.
The promoters holding in the company stood at 51.10%, while Institutions and Non-Institutions held 45.22% and 3.68% respectively.
NTPC’s subsidiary -- NTPC Green Energy has signed a Memorandum of Understanding (MoU) with the Department of Industries, Government of Bihar, during ‘Bihar Business Connect 2024’ Global Investors’ Summit held on December 20, 2024, in Patna.
The MoU outlines a framework for significant investments in Bihar to establish renewable energy projects, including: Ground-mounted and floating solar installations, Battery energy storage systems, and Green hydrogen mobility initiatives etc. The Government of Bihar will facilitate the necessary permissions, registrations, approvals, and clearances from concerned departments, agencies, and authorities to support the projects.
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.