NTPC shines on getting nod from DIPAM to list green energy arm
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NTPC is currently trading at Rs. 333.00, up by 11.25 points or 3.50% from its previous closing of Rs. 321.75 on the BSE.
The scrip opened at Rs. 324.65 and has touched a high and low of Rs. 333.60 and Rs. 323.45 respectively. So far 1246991 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 333.60 on 02-Feb-2024 and a 52 week low of Rs. 162.65 on 03-Feb-2023.
Last one week high and low of the scrip stood at Rs. 333.60 and Rs. 312.60 respectively. The current market cap of the company is Rs. 320717.23 crore.
The promoters holding in the company stood at 51.10%, while Institutions and Non-Institutions held 45.86% and 3.05% respectively.
NTPC has received an approval from the Department of Investment and Public Asset Management (DIPAM) to list its green energy arm NTPC Green Energy (NGEL) to raise up to Rs 10,000 crore. NGEL is expected to go public to raise up to Rs 10,000 crore anytime after March. The company is planning to utilise the funds towards energy transition and setting up green energy projects, including solar and green hydrogen.
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.
