13 Nov 2024

NTPC Shares Rise on BSE Amid New Project Approvals

NTPC shares traded in positive territory on the BSE, currently priced at Rs. 382.65, marking an increase of 2.60 points or 0.68% from the previous close of Rs. 380.05.

The stock opened at Rs. 386.00 and fluctuated between a high of Rs. 387.50 and a low of Rs. 379.50, with a trading volume of 555,806 shares so far.

This BSE group 'A' stock, with a face value of Rs. 10, reached a 52-week high of Rs. 448.30 on September 30, 2024, and a 52-week low of Rs. 246.00 on November 15, 2023. Over the past week, its high and low were Rs. 411.45 and Rs. 379.15, respectively. NTPC’s current market capitalization stands at Rs. 371,770.18 crore.

The promoter shareholding in NTPC is at 51.10%, while institutional and non-institutional investors hold 45.22% and 3.68%, respectively.

The Board of Directors has approved significant investments in major projects: Phase-II (3x800 MW) of the Telangana Super Thermal Power Project at a cost of Rs. 29,344.85 crore; Stage-II (2x800 MW) of the Gadarwara Super Thermal Power Project at Rs. 20,445.69 crore; and Stage-II (3x800 MW) of the Nabinagar Super Thermal Power Project at Rs. 29,947.91 crore. These approvals were finalized during the Board meeting held on November 5, 2024.

NTPC, India’s largest power utility, operates across multiple energy sectors, including coal, gas, solar PV, hydro, wind power generation, and coal mining.