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16-May2018

NTPC gains on signing MoU with Government of Bihar, Bihar Power Utilities

NTPC is currently trading at Rs. 171.15, up by 1.00 points or 0.59% from its previous closing of Rs. 170.15 on the BSE.

The scrip opened at Rs. 170.15 and has touched a high and low of Rs. 171.60 and Rs. 168.75 respectively. So far 17782 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 187.95 on 27-Oct-2017 and a 52 week low of Rs. 153.30 on 29-May-2017.

Last one week high and low of the scrip stood at Rs. 173.90 and Rs. 166.15 respectively. The current market cap of the company is Rs. 140585.17 crore.

The promoters holding in the company stood at 62.27%, while Institutions and Non-Institutions held 34.35% and 3.37% respectively.

NTPC has signed a memorandum of understanding (MoU) with Government of Bihar (GoB) and Bihar power utilities on May 15, 2018 for acquisition of 720 MW Barauni Thermal Power Station (BTPS), acquisition of 27.36% equity of BSPGCL in Kanti Bijlee Utpadan Nigam (KBUN) which owns 610 MW Muzaffarpur Thermal Power Station and acquisition of 50% equity of BSPGCL in Nabinagar Power Generating Company (NPGC) which is developing 1980 MW Nabinagar Super Thermal Power Project in district Aurangabad, Bihar.

Aforesaid transactions are envisaged to be completed through notification of a Statutory Transfer Scheme by Government of Bihar. Post transaction, BTPS will become part of NTPC portfolio and KBUN and NPGC will become wholly owned subsidiaries of NTPC.

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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