NTPC trades higher on the bourses

17 Dec 2012 Evaluate

NTPC is currently trading at Rs. 153.60, up by 0.90 points or 0.59% from its previous closing of Rs. 152.70 on the BSE.

The scrip opened at Rs. 153.20 and has touched a high and low of Rs. 154.00 and Rs. 152.30 respectively. So far 527588 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 190.30 on 17-Feb-2012 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. 160.00 and Rs. 149.40 respectively. The current market cap of the company is Rs. 126567.88 crore.

The promoters holding in the company stood at 84.50% while Institutions and Non-Institutions held 11.68% and 3.82% respectively.  

Cabinet is expected to deliberate upon the reallocation issue of NTPC's proposed North Karanpura power project in Jharkhand to another site in the state, as early as next month.

The Coal ministry had earlier this month moved a Cabinet note on the issue of relocation of the power plant as the site first proposed falls under potential coal-bearing area. As per the note, the 1,980 MW project currently proposed at North Karanpura coalfields should not be given approval on the grounds that it is a potential coal bearing area with an estimated reserve of six billion tonnes.

Further, the Ministry in the note also blamed that issues such as adverse effect of heavy blasting in a power project, threat of inundation of low lying mines arising out of flash floods, land to be set aside for power evacuation corridors have not been adequately addressed by the committee, which submitted its report to the GoM.

However, currently the Coal Ministry is waiting for the comments of different ministries, after which a Cabinet committee is expected to take up the issue on board. Meanwhile, the Central Mine Planning & Design Institute also had earlier made a suggestion for shifting the project to another location.

NTPC Share Price

356.10 -10.00 (-2.73%)
21-Nov-2024 16:59 View Price Chart
Peers
Company Name CMP
NTPC 356.10
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