NTPC rises as its arm partners with VOCPA to develop green hydrogen hub in Tamil Nadu
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NTPC is currently trading at Rs. 242.35, up by 2.00 points or 0.83% from its previous closing of Rs. 240.35 on the BSE.
The scrip opened at Rs. 243.95 and has touched a high and low of Rs. 243.95 and Rs. 238.25 respectively. So far 271661 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 243.95 on 11-Sep-2023 and a 52 week low of Rs. 155.05 on 28-Sep-2022.
Last one week high and low of the scrip stood at Rs. 243.95 and Rs. 228.50 respectively. The current market cap of the company is Rs. 234998.70 crore.
The promoters holding in the company stood at 51.10%, while Institutions and Non-Institutions held 46.10% and 2.80% respectively.
NTPC’s wholly owned subsidiary -- NTPC Green Energy (NGEL) has joined hands with V O Chidambaranar Port Authority (VOCPA) to develop a green hydrogen hub at Tuticorin in Tamil Nadu. Green hydrogen and its derivatives such as green ammonia and green methanol will be produced at the hub to be built on the land provided by VOCPA. NTPC Group has a plan to build a renewable energy capacity of 60 GW by 2032 and is working on a pipeline of over 20 GW.
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.
