NTPC rises on signing supplementary JVA-3 with NHPC, POWERGRID, DVC & CPRI
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NTPC is currently trading at Rs. 350.05, up by 3.15 points or 0.91% from its previous closing of Rs. 346.90 on the BSE.
The scrip opened at Rs. 350.20 and has touched a high and low of Rs. 350.90 and Rs. 347.10 respectively. So far 108916 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 374.50 on 12-Apr-2024 and a 52 week low of Rs. 168.30 on 24-Apr-2023.
Last one week high and low of the scrip stood at Rs. 361.10 and Rs. 342.00 respectively. The current market cap of the company is Rs. 339868.15 crore.
The promoters holding in the company stood at 51.10 % while Institutions and Non-Institutions held 45.52 % and 3.38 % respectively.
NTPC has signed a Supplementary Joint Venture Agreement-3 with NHPC, POWERGRID, DVC & CPRI on April 23, 2024. This Supplementary Joint Venture Agreement (SJVA) will amend Joint Venture Agreement (JVA) of National High Power Test Laboratory (NHPTL) dated April 8, 2009 and form integral part of JVA dated April 8, 2009.
Following are the amendments: the revised equity holding of POWERGRID in NHPTL shall be 50%, remaining 50% percent of equity shall be held equally by the other four Parties (i.e., 12.5% each of NTPC, NHPC, DVC & CPRI). Before signing of SJVA-3, equity holding of each promoter was 20%. NHPTL Board Composition to be revised to two Directors (Including Chairman, NHPTL) from POWERGRID and one nominee Director by other Promoters on rotation basis.
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.
