NTPC Ltd.

BSE: 532555 | NSE: NTPC
Large Cap | Power Generation/Distribution
346.25
-2.90 (-0.83%)
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NTPC rises on its arm inking PPA with Bangladesh Power Development Board

Date: 21-03-2012

NTPC is currently trading at Rs. 173.75, up by 0.85 points or 0.49% from its previous closing of Rs. 172.90 on the BSE.

The scrip opened at Rs. 171.05 and has touched a high and low of Rs. 174.50 and Rs. 171.05 respectively. So far 31,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 194.90 on 31-Mar-2011 and a 52 week low of Rs. 152.00 on 23-Nov-2011.

Last one week high and low of the scrip stood at Rs. 181.50 and Rs. 169.35 respectively. The current market cap of the company is Rs. 1,43,264.00 crore.

The promoters holding in the company stood at 84.50% while Institutions and Non-Institutions held 11.67% and 3.83% respectively.

NTPC Vidyut Vyapar Nigam (NVVN), a wholly owned subsidiary of NTPC has inked a power purchase agreement (PPA) with Bangladesh Power Development Board (BPDB) in New Delhi which marks the beginning of Energy Cooperation (Electricity) between the two nations. A total of 250 MW of power will be exported to Bangladesh out of the unallocated quota of power available with the Ministry of Power, Government of India.

The PPA for supply of 250 MW to Bangladesh was signed in August in the presence of Secretary (Power), Government of India, Secretary (Power), Government of Bangladesh, CMD, NTPC and Chairman, BPDB and senior officials of Ministry of Power and both the orgnaisations.

This is a landmark event for both India and Bangladesh marking the beginning of Energy Cooperation (Electricity) between the two nations.