NTPC rises on signing MoU with GMDC
NTPC is currently trading at Rs. 383.55, up by 1.70 points or 0.45% from its previous closing of Rs. 381.85 on the BSE.
The scrip opened at Rs. 381.80 and has touched a high and low of Rs. 384.35 and Rs. 380.20 respectively. So far 547825 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 388.50 on 25-Feb-2026 and a 52 week low of Rs. 306.70 on 28-Feb-2025.
Last one week high and low of the scrip stood at Rs. 388.50 and Rs. 372.05 respectively. The current market cap of the company is Rs. 370267.20 crore.
The promoters holding in the company stood at 51.10%, while Institutions and Non-Institutions held 45.55% and 3.34% respectively.
NTPC and Gujarat Mineral Development Corporation (GMDC) have signed two Memorandums of understandings (MoUs) to explore strategic collaboration in the utilisation of coal and lignite resources of GMDC. The first MoU focuses on establishing a partnership for utilisation of coal from GMDC’s coal blocks for power generation at NTPC’s existing and upcoming power stations. The second MoU aims to explore coal and lignite gasification and its downstream commercialisation, including pilot projects and syngas utilisation.
This partnership is expected to enhance India’s energy security, promote clean coal technologies, and strengthen national energy self-reliance.
