Sunday , October 24 2021

NTPC gains as its JV inks two agreements with PNB for Rs 650 crore

Mumbai : NTPC is currently trading at Rs. 134.70, up by 0.40 points or 0.30% from its previous closing of Rs. 134.55 on the BSE. The scrip opened at Rs. 135.00 and has touched a high and low of Rs. 135.40 and Rs. 133.70 respectively. So far 13195 shares were traded on the counter. The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 146.19 on 14-Sep-2018 and a 52 week low of Rs. 106.71 on 13-Feb-2019.

Last one week high and low of the scrip stood at Rs. 135.90 and Rs. 131.50 respectively. The current market cap of the company is Rs. 133180.74 crore. The promoters holding in the company stood at 56.09%, while Institutions and Non-Institutions held 40.53% and 3.38% respectively.

NTPC’s joint venture (JV) firm — NSPCL has inked two agreements with Punjab National Bank (PNB) for Rs 650 crore for financing two projects. The agreements are for part financing of two of its under construction projects at Durgapur (2X20 MW) for Rs 100 crore and Rourkela (1X250) for Rs 550 crore. NSPCL is a joint venture of NTPC and Steel Authority of India (SAIL) that has its power plants at Durgapur, Rourkela and Bhilai. 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.

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