NTPC moves up as its arm signs JV agreement for development of Renewable Power Parks in Uttar Pradesh
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NTPC is currently trading at Rs. 355.00, up by 1.20 points or 0.34% from its previous closing of Rs. 353.80 on the BSE.
The scrip opened at Rs. 355.40 and has touched a high and low of Rs. 357.55 and Rs. 354.00 respectively. So far 143927 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 358.00 on 04-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. 358.00 and Rs. 326.30 respectively. The current market cap of the company is Rs. 343068.05 crore.
The promoters holding in the company stood at 51.10%, while Institutions and Non-Institutions held 45.86% and 3.05% respectively.
NTPC’s wholly owned subsidiary -- NTPC Green Energy (NGEL) has signed a Joint venture (JV) agreement with Uttar Pradesh Rajya Vidyut Utpadan Nigam (UPRVUNL) on March 04, 2024 for development of Renewable Power Parks and Projects in Uttar Pradesh. The RE power generated from the proposed JVC shall meet the Renewable Generation Obligation (RGO) of the UPRVUNL.
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.
