Tuesday, December 31, 2019

NTPC rises as its JV signs MoU with HPCL to set up charging infrastructure

NTPC is currently trading at Rs. 117.30, up by 0.60 points or 0.51% from its previous closing of Rs. 116.70 on the BSE.

The scrip opened at Rs. 117.00 and has touched a high and low of Rs. 117.70 and Rs. 116.40 respectively. So far 151433 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. 118.00 and Rs. 114.05 respectively. The current market cap of the company is Rs. 115716.85 crore.

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

Energy Efficiency Services (EESL), a joint venture of four PSUs including NTPC, Power Finance Corporation, Rural Electrification Corporation & Power Grid Corporation, has signed two-year memorandum of understanding (MoU) with Hindustan Petroleum Corporation (HPCL) for setting up charging infrastructure to boost electric mobility.

The MoU covers collaboration for planning, development and installation of charging facilities at suitable locations for two, three, and four-wheeler vehicles. With the installation of public charging stations, the range anxiety of EV owners is expected to reduce, which will increase the adoption of electric mobility. This will also bring down automobiles emissions, enabling cleaner and greener environment, in turn, safeguarding public from health risks.

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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