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NTPC gains on inking foreign currency loan agreement with JBIC

29 Oct 2020 Evaluate

NTPC is currently trading at Rs. 88.25, up by 0.15 points or 0.17% from its previous closing of Rs. 88.10 on the BSE.

The scrip opened at Rs. 86.75 and has touched a high and low of Rs. 88.50 and Rs. 86.75 respectively. So far 445073 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 125.00 on 15-Jan-2020 and a 52 week low of Rs. 74.00 on 23-Mar-2020.

Last one week high and low of the scrip stood at Rs. 90.65 and Rs. 84.35 respectively. The current market cap of the company is Rs. 87121.58 crore.

The promoters holding in the company stood at 51.02%, while Institutions and Non-Institutions held 46.25% and 2.59% respectively.

NTPC has entered into foreign currency loan agreement with Japan Bank for International Cooperation (JBIC) for JPY 50 billion (approximately $480 million or Rs 3,500 crore). As per the agreement, JBIC will provide 60 percent of the loan amount and the balance will be extended by commercial banks namely Sumitomo Mitsui Banking Corporation, Bank of Yokohama, San-In Godo Bank, Joyo Bank and Nanto Bank, under the JBIC guarantee.

The facility is extended under JBIC's Global Action for Reconciling Economic growth and Environment preservation (GREEN) for projects which ensure conservation of global environment. The loan proceeds shall be utilized by the company for funding its capital expenditure (capex) for Flue Gas Desulphurization (FGD) and renewable energy projects.

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

402.20 1.75 (0.44%)
08-May-2026 16:59 View Price Chart
Peers
Company Name CMP
NTPC 402.20
Tata Power 436.00
Adani Power 225.15
Power Grid Corp 313.90
Torrent Power 1724.80
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