NTPC climbs higher on the bourses

22 Nov 2011 Evaluate

NTPC is currently trading at Rs. 157.70, up by 1.30 points or 0.83% from its previous closing of Rs. 156.40 on the BSE.

The scrip opened at Rs. 158.20 and has touched a high and low of Rs. 158.80 and Rs. 155.80 respectively. So far 90971 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 203.15 on 07-Jan-2011 and a 52 week low of Rs. 155.70 on 21-Nov-2011.

Last one week high and low of the scrip stood at Rs. 171.80 and Rs. 155.70 respectively. The current market cap of the company is Rs. 128959.06 crore.

The promoters holding in the company stood at 84.50% while Institutions and Non-Institutions held 11.66% and 3.84% respectively.

NTPC, country's largest power producer, has invited bids for importing 4 million tonnes of coal to reduce the shortfall of the fuel from domestic sources. The company’s this move is post its decision to cut down on delays caused by designated coal importing agencies. NTPC uses about 164 million tonnes of coal a year to fire over two-thirds of its installed generation capacity of around 35,000 MW.

In the coming months company will use imported coal across 14 of the power major's thermal stations. The power producer is already in a pact to import around 12 million tonnes of coal through State Trading Corporation (STC). The company’s import target will increase to 16 million tones, due to a new tender with the STC contract.

For sourcing 10-15 million tonnes to ensure steady supplies and lower price volatility, NTPC is looking at striking long-term contracts spanning 25 years. During 2010-11 its average imported coal blending was close to 8% in comparison to about 6.5 per cent in the previous year.

NTPC Share Price

356.10 -10.00 (-2.73%)
21-Nov-2024 16:59 View Price Chart
Peers
Company Name CMP
NTPC 356.10
Tata Power 408.45
Power Grid Corp 325.80
Adani Power 476.15
Torrent Power 1583.00
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