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NTPC soars on planning to raise funds from international markets

NTPC is currently trading at Rs. 120.65, up by 2.05 points or 1.73% from its previous closing of Rs. 118.60 on the BSE.

The scrip opened at Rs. 119.80 and has touched a high and low of Rs. 121.50 and Rs. 118.50 respectively. So far 109652 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 145.85 on 01-Jul-2019 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. 121.50 and Rs. 116.20 respectively. The current market cap of the company is Rs. 119377.83 crore.

The promoters holding in the company stood at 54.50%, while Institutions and Non-Institutions held 42.74% and 2.64% respectively.

NTPC is planning to raise $100 million (around Rs 711 crore) fund by way of a term loan from international markets to finance its capital expenditure. The plan also includes a green shoe option of up to $300 million (about Rs 2,135 crore).

The proceeds will be used for setting up coal-fired stations using ultra super-critical technology or coal-fired stations having emissions less than 750 gram of CO2/kWh. The amount will also be used for installing FGD (flue-gas desulphurisation) — sulphur dioxide-reducing technology — in existing operating power plants which are not ultra super critical, and at non-coal fired stations.

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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