NTPC Ltd.

BSE: 532555 | NSE: NTPC
Large Cap | Power Generation/Distribution
367.30
8.75 (2.44%)
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NTPC gains as its JV signs pact with BHEL to set up EV charging infrastructure

Date: 31-01-2020

NTPC is currently trading at Rs. 114.10, up by 0.50 points or 0.44% from its previous closing of Rs. 113.60 on the BSE.

The scrip opened at Rs. 113.70 and has touched a high and low of Rs. 115.10 and Rs. 111.50 respectively. So far 412607 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 145.85 on 01-Jul-2019 and a 52 week low of Rs. 106.75 on 13-Feb-2019.

Last one week high and low of the scrip stood at Rs. 115.30 and Rs. 110.90 respectively. The current market cap of the company is Rs. 112946.37 crore.

The promoters holding in the company stood at 54.14%, while Institutions and Non-Institutions held 43.39% and 2.47% respectively.

Energy Efficiency Services (EESL), a joint venture of four PSUs including NTPC, Power Finance Corporation, Rural Electrification Corporation & Power Grid Corporation, has signed a pact with Bharat Heavy Electricals (BHEL) to set up a network of public charging infrastructure for electric vehicles at various highways across the country. EESL and BHEL will jointly explore opportunities in the field of e-mobility and fast-track the adoption of EVs in the country under the National E-Mobility Programme.

As part of the agreement, BHEL will offer complete engineering, procurement and construction (EPC) solutions from concept to commissioning while EESL will make the entire upfront investment on services, along with the operation and maintenance of the public charging infrastructure. The pact covers collaboration for identifying, planning, development and installation of charging stations at suitable locations.

NTPC is the largest power utility company in India and has presence in Coal, Gas, Solar PV, Hydro and Wind Power Generation and Coal Mining.