NTPC gains as its JV plans to establish EV charging stations in Kolkata

04 Sep 2019 Evaluate

NTPC is currently trading at Rs. 118.75, up by 1.15 points or 0.98% from its previous closing of Rs. 117.60 on the BSE.

The scrip opened at Rs. 117.60 and has touched a high and low of Rs. 119.05 and Rs. 116.70 respectively. So far 102783 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. 124.70 and Rs. 115.65 respectively. The current market cap of the company is Rs. 117448.39 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 in talks with the West Bengal government for establishing electric vehicle (EV) charging infrastructure in Kolkata and adjoining New Town area.

The New Town Kolkata Development Authority (NKDA), the West Bengal Transport Department, Power Department and the Urban Development Department are involved in installing the proposed EV charging stations.

EESL is planning 400 public EV charging stations in the city and New Town. It requires land for the EV stations at viable locations. It has submitted a proposal to carry out the capital expenditure and maintain the infrastructure for 10 years. Besides, the company has also given a proposal to the state government to supply electric sedans on lease.

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.

NTPC Share Price

158.55 5.00 (3.26%)
Aug 12, 18:03 View Price Chart
Peers
Company Name CMP
NTPC 158.55
Tata Power 232.40
Power Grid Corp 227.80
PTC India 82.25
Torrent Power 579.15
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