NTPC rises on planning to set up nuclear power projects in India
NTPC is currently trading at Rs 331.30, up by 2.85 points or 0.87% from its previous closing of Rs 328.45 on the BSE.
The scrip opened at Rs 329.90 and has touched a high and low of Rs 331.50 and Rs 328.90 respectively. So far 113718 shares were traded on the counter.
The BSE group 'A' stock of face value Rs 10 has touched a 52-week high of Rs 380.85 on 18-Nov-2024 and a 52-week low of Rs 292.70 on 17-Feb-2025.
Last one week high and low of the scrip stood at Rs 331.50 and Rs 322.85 respectively. The current market cap of the company is Rs 320620.27 crore.
The promoters holding in the company stood at 51.10%, while Institutions and Non-Institutions held 45.46% and 3.44% respectively.
NTPC has planned to set up nuclear power projects with 700 MW, 1,000 MW and 1,600 MW capacity across various locations in the country. NTPC is targeting a 30 per cent share (30 GW) of India's proposed 100 GW nuclear capacity by 2047.
It is currently evaluating land options in several states, including Gujarat, Madhya Pradesh, Bihar and Andhra Pradesh, among others. NTPC will proceed with nuclear development in states identified and approved by the Atomic Energy Regulatory Board (AERB). The AERB will approve the sites, and NTPC will accordingly implement the projects.
The company has also begun efforts on the raw material front and is exploring the acquisition of overseas uranium assets. Uranium, a naturally occurring metallic element, is the primary fuel used in nuclear reactors. NTPC has already signed a draft agreement with Uranium Corporation of India (UCIL) for joint techno-commercial due diligence of uranium assets abroad.
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.
