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NTPC gains on incorporating JV Company ‘Pan-Asian Renewable'

18 Oct 2011 Evaluate

NTPC is currently trading at Rs. 170.40, up by 1.95 points or 1.16% from its previous closing of Rs. 168.45 on the BSE.

The scrip opened at Rs. 168.00 and has touched a high and low of Rs. 170.40 and Rs. 167.55 respectively. So far 15,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 208.50 on 25-Oct-2010 and a 52 week low of Rs. 160.10 on 12-Sep-2011.

Last one week high and low of the scrip stood at Rs. 178.10 and Rs. 167.75 respectively. The current market cap of the company is Rs. 1,40,502.00 crore.

The promoters holding in the company stood at 84.50% while Institutions and Non-Institutions held 11.66% and 3.84% respectively.

National Thermal Power Corporation (NTPC), India’s largest power generation company, has incorporated a joint venture (JV) company under the name 'Pan-Asian Renewable' on October 14, 2011. The JV Company has been incorporated amongst NTPC, Asian Development Bank (ADB) and Kyuden International Corporation, a wholly owned subsidiary of Kyushu Electric Power Company Inc. (Kyushu).

Further, NTPC, ADB and Kyushu shall initially contribute in the ratio 50:25:25 in the equity share capital of the JV Company. The JV Company has been incorporated to develop renewable energy projects and initially establish over a period of three years a portfolio of about 500 MW of Renewable Power Generation resources in India.

Recently, NTPC had incorporated a 50:50 JV Company with Ceylone Electricity Board, Sri Lanka in the name of ‘Trincomalee Power Company’ on September 26, 2011 in Sri Lanka. The JV Company shall set up 2x250 MW Coal based power project in Trincomalee Region in Sri Lanka.

NTPC Share Price

353.95 1.95 (0.55%)
12-Jun-2026 16:59 View Price Chart
Peers
Company Name CMP
NTPC 353.95
Tata Power 393.60
Power Grid Corp 284.80
Adani Power 222.90
Torrent Power 1392.55
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