NTPC surges on bagging 40 MW solar projects in UPNEDA’s auction

Mumbai : NTPC is currently trading at Rs. 141.50, up by 2.60 points or 1.87% from its previous closing of Rs. 138.90 on the BSE. The scrip opened at Rs. 140.00 and has touched a high and low of Rs. 141.50 and Rs. 139.55 respectively. So far 49384 shares were traded on the counter. The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 146.25 on 14-Sep-2018 and a 52 week low of Rs. 106.75 on 13-Feb-2019.

Last one week high and low of the scrip stood at Rs. 141.95 and Rs. 133.70 respectively. The current market cap of the company is Rs. 137435.40 crore. The promoters holding in the company stood at 56.09%, while Institutions and Non-Institutions held 40.53% and 3.38% respectively. NTPC has won entire 40 MW of Solar capacity bid by it at a levelised tariff of Rs 3.02/kWh applicable for 25 years. The company had participated in the Uttar Pradesh New and Renewable Energy Development Agency’s (UPNEDA) tender for 500 MW Solar capacity with two bids of 20 MW each at Auraiya and Rihand.

The reverse auction was carried out on June 25, 2019. The above projects shall be set up by the company under EPC mode and shall add to the installed capacity of NTPC. 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.