NTPC trades in red on the BSE

NTPC is currently trading at Rs. 158.85, down by 2.00 points or 1.24% from its previous closing of Rs. 160.85 on the BSE.

The scrip opened at Rs. 160.30 and has touched a high and low of Rs. 160.30 and Rs. 157.60 respectively. So far 29710 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. 162.50 and Rs. 157.60 respectively. The current market cap of the company is Rs. 130773.07 crore.

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

State-run NTPC is expected to get three out of its five de-allocated mines- Chatti Bariatu, Chatti Bariatu (S), Kerandari, Brahmani and Chichiro Patsimal - in Jharkhand from the government this month. Last year Coal Ministry had de-allocated NTPC’s five mines following the power firm’s failure to develop them within the stipulated time-frame.

Coal Ministry has allocated remaining two of the five de-allocated coal blocks of the PSU - Brahmani and Chichiro Patsimal - to Coal India (CIL). The Ministry has also asked CIL to appoint mine developers to begin the production from the blocks at the earliest.

NTPC is the largest power generating major in the country. It has also diversified into hydro power, coal mining, power equipment manufacturing, oil & gas exploration, power trading & distribution.