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NTPC inches up on its JV eyeing to sell 40,000 ACs in 6-8 months

29 Aug 2019

NTPC is currently trading at Rs. 120.15, up by 0.25 points or 0.21% from its previous closing of Rs. 119.90 on the BSE.

The scrip opened at Rs. 119.90 and has touched a high and low of Rs. 120.60 and Rs. 118.00 respectively. So far 77887 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. 125.35 and Rs. 114.05 respectively. The current market cap of the company is Rs. 118239.96 crore.

The promoters holding in the company stood at 56.41%, while Institutions and Non-Institutions held 40.09% and 3.51% respectively.

Energy Efficiency Services (EESL), a joint venture of four PSUs including NTPC, Power Finance Corporation, Rural Electrification Corporation & Power Grid Corporation, is eyeing to sell around 40,000 air-conditioners (ACs) over the next six to eight months under its product expansion plan. Also, the company announced its expansion to Chennai, Bengaluru, Mumbai, Kolkata, Hyderabad and Jaipur.

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.

Related NTPC Ltd. Links:

NTPC Share Price

118.75 0.30 (0.25%) Jun 11, 18:01
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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323