NTPC Ltd.

NTPC is currently trading at Rs. 143.20, up by 1.10 points or 0.77% from its previous closing of Rs. 142.10 on the BSE.

The scrip opened at Rs. 141.00 and has touched a high and low of Rs. 144.10 and Rs. 139.65 respectively. So far 79213 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 192.30 on 08-Jul-2011 and a 52 week low of Rs. 138.95 on 16-May-2012.

Last one week high and low of the scrip stood at Rs. 149.90 and Rs. 138.95 respectively. The current market cap of the company is Rs. 118322.41 crore.

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

With a view to have benefit of synergy of operation, enhancement of efficiency and administrative control to optimize utilization of resources, State-run NTPC’s board has approved the merger of wholly-owned subsidiary NTPC Hydro with itself.

However, the merger is subject to compliance of Companies Act, 1956 and subject to receipt of requisite approval from the Ministry of Corporate Affairs, shareholders and stock exchanges. Last month, Ministry of Power, the parent ministry of NTPC allowed amalgamation of NTPC Hydro with NTPC subject to approval from the competent authority.

NTPC, the country’s largest power generation utility posted a fall of 6.77% in its net profit at Rs 2593.44 crore for the quarter ended March 31, 2012 as compared to Rs 2781.84 crore for the same quarter in the previous year. However, total income increased by 5.20% at Rs 17031.82 crore for quarter under review as compared Rs 16190.41 crore for the quarter ended March 31, 2011.