NTPC Ltd.

Power stocks remained on buyers’ radar in early deals, as the government has said that there is no shortage of coal in the country and coal stock for 23 days is available with thermal power stations.

NTPC is currently trading at Rs. 160.50, up by 1.20 points or 0.75% from its previous closing of Rs. 159.30 on the BSE. The scrip opened at Rs. 159.15 and has touched a high and low of Rs. 161.00 and Rs. 159.15 respectively. So far 43275 shares were traded on the counter.

Power Grid Corporation of India is currently trading at Rs. 174.35, up by 0.35 points or 0.20% from its previous closing of Rs. 174.00 on the BSE. The scrip opened at Rs. 172.60 and has touched a high and low of Rs. 176.35 and Rs. 172.60 respectively. So far 9054 shares were traded on the counter.

Tata Power Company is currently trading at Rs. 74.50, up by 0.05 points or 0.07% from its previous closing of Rs. 74.45 on the BSE. The scrip opened at Rs. 75.00 and has touched a high and low of Rs. 75.30 and Rs. 73.75 respectively. So far 229681 shares were traded on the counter.

Coal Minister Piyush Goyal has said that multi-dimensional efforts are underway by Coal India to substantially enhance coal production to meet the coal requirement. Goyal said coal supplies to power utility sector was monitored regularly by an inter-ministerial sub-group comprising representatives of Ministries of Power, Coal and Railways constituted by the Infrastructure Constraints Review Committee of the Cabinet Secretariat.

In 2015-16, 13.79 million tonne and in 2016-17, 12.448 MT of coal was made available through auction in special forward e-auction for power sector.