NTPC moves higher on plan to sign FSAs with Coal India

22 May 2012 Evaluate

NTPC is currently trading at Rs. 144.50, up by 0.65 points or 0.45% from its previous closing of Rs. 143.85 on the BSE.

The scrip opened at Rs. 144.75 and has touched a high and low of Rs. 145.20 and Rs. 143.20 respectively. So far 34905 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. 147.75 and Rs. 138.95 respectively. The current market cap of the company is Rs. 119188.19 crore.

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

National Thermal Power Corporation (NTPC) is likely to ink pact with Coal India by signing fuel supply agreements (FSA) for 4,300 megawatts on 2009 terms. In this fuel agreement, only trigger level has been changed to 80% against 90% as per government instructions.

Coal India has to fulfill the supply commitment at trigger level. NTPC is signing new FSAs for its brownfield projects. NTPC already has FSA with Coal India. This new FSA will change one clause that is the trigger for incentive and penalty. NTPC was disappointed with the Coal India’s new clauses in the FSA, which reduced the penalty clause to 0.01% and the freedom to halt supplies at any time.

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.

NTPC Share Price

335.45 1.80 (0.54%)
24-Dec-2024 16:59 View Price Chart
Peers
Company Name CMP
NTPC 335.45
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Power Grid Corp 310.15
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