01 Oct 2024

NTPC Shares Rise as Subsidiary Signs MoU with Rajasthan Government

NTPC's stock is currently trading at Rs. 445.30, an increase of 2.20 points or 0.50% from its previous close of Rs. 443.10 on the BSE.

The stock opened at Rs. 446.45, reaching a high of Rs. 447.85 and a low of Rs. 443.50 so far. A total of 1,45,244 shares have been traded.

This BSE 'A' group stock, with a face value of Rs. 10, hit its 52-week high of Rs. 448.30 on September 30, 2024, and a 52-week low of Rs. 227.75 on October 26, 2023.

Over the past week, the stock's high and low have been Rs. 448.30 and Rs. 425.60, respectively. The company currently holds a market capitalization of Rs. 4,31,937.99 crore.

Promoters hold a 51.10% stake in the company, while institutional investors and non-institutional investors hold 45.34% and 3.55%, respectively.

NTPC Green Energy (NGEL), a subsidiary of NTPC, signed a Memorandum of Understanding (MoU) with the Rajasthan government on September 30, 2024, to develop 25 GW of renewable energy projects in the state.

Earlier, on September 25, 2024, NGEL entered into a Joint Venture Agreement (JVA) with Mahatma Phule Renewable Energy and Infrastructure Technology (MAHAPREIT) to develop 10 GW of renewable energy parks and projects in Maharashtra and potentially other states.

NTPC is India's largest power utility, operating in coal, gas, solar PV, hydro, wind power generation, and coal mining.