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15-Mar2019

NTPC gains on inking MoU with Railways for transportation of fly ash

NTPC is currently trading at Rs. 155.00, up by 1.20 points or 0.78% from its previous closing of Rs. 153.80 on the BSE.

The scrip opened at Rs. 154.50 and has touched a high and low of Rs. 155.20 and Rs. 152.80 respectively. So far 119949 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 179.85 on 18-Apr-2018 and a 52 week low of Rs. 128.10 on 13-Feb-2019.

Last one week high and low of the scrip stood at Rs. 160.30 and Rs. 145.25 respectively. The current market cap of the company is Rs. 126980.15 crore.

The promoters holding in the company stood at 58.93%, while Institutions and Non-Institutions held 37.77% and 3.30% respectively.

NTPC has signed a Memorandum of Understanding (MoU) with Hazipur-based East Central Railway Zone for transportation of fly ash under Indian Railways' Special Freight Train Operator (SFTO) scheme. The company has become the first entity in the country to sign an SFTO agreement with Indian Railways.

As part of the agreement, the company has procured three Bogey Tank For Alumina Powder (BTAP) rakes and each rake will have a capacity of 3,060 tonne ash. The first of the three rakes is expected to arrive by October 2019. The pact with Indian Railways for fly ash transportation will help enhance ash utilization at Rihand and Vindhyachal Super Thermal Power plants and it will be further extended to other company projects.

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.


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