The surge in the NTPC share price came after the company filed Initial Public Offering (IPO) papers for its green energy arm, NTPC Green Energy Limited (NGEL).
Apollo Pipes has recently demonstrated a classic technical pattern known as a triple bottom around its historical support level near the Rs 600-mark.
At 10:03 am; with Rs 3.96 trillion market cap NTPC stock was trading 3.6 per cent higher at Rs 408 on the BSE.
NTPC, Power Grid contributed over 100 points to the BES Sensex so far; while, heavyweights HDFC Bank, Reliance and ICICI Bank were the chief laggards.
State-owned power giant NTPC on Tuesday said its board on June 29 will consider a proposal to raise up to Rs 12,000 crore through the issuance of bonds. The board of directors is scheduled to meet in New Delhi on Saturday, June 29, to consider issue of "secured/ unsecured, redeemable, taxable/tax-free, cumulative/noncumulative, non-convertible debentures up to Rs 12,000 crore", subject to approval of shareholders in the ensuing Annual General Meeting, a BSE filing said. NTPC is India's one of the leading power-generating companies. Total Income of the NTPC group for FY24 was Rs 1,81,166 crore against Rs 177,977 crore in the previous year. The PAT of the group for FY24 was Rs 21,332 crore against the previous year's PAT of Rs 17,121 crore, registering an increase of almost 25 per cent. The company recently told analysts in a concall that it has various capital expenditure projects such as ongoing projects and new capacity addition programs including Flue Gas Desulphurisation (FGD) ..
The Nifty PCR data suggests that the index may attempt a rally towards 23,700 level ahead of the June series expiry; On the downside, strong support is expected around 23,350 - 23,290.
Government-owned shares witnessed intense selling pressure as analysts feared that the relatively poor showing of the Modi-government may impact its reforms agenda.
ICICI Securities stressed upon NTPC's position in the increasing total addressable market for power capex, benefiting from both conventional and renewables sectors
Stocks to watch on Monday, December 18, 2023: Shares of Zee Entertainment are likely to be in focus as company seeks an extension to complete the proposed merger with Sony India.
This would take the consolidated regulated equity base to Rs. 1.25 trillion by FY26 versus Rs. 94,180 crore in FY23
Improving power demand, new capacity additions, high visibility over coal supply and electricity pricing, and attractive dividend yield augur well
Ratings agency ICRA said the likelihood of El Nino in FY24 may have a positive impact on electricity demand.
State-owned power giant NTPC on Sunday said its captive coal mines have registered 65 per cent year-on-year production growth to over 23 million tonnes in FY23. NTPC Ltd has recorded a coal production of 23.2 million tonnes in FY23, witnessing a 65 per cent growth against 14.02 million tonnes a year ago from its four operational coal mines -- TPC Pakri-Barwadih (Jharkhand), NTPC Chatti Bariatu (Jharkhand), NTPC Dulanga (Odisha) and NTPC Talaipalli (Chhattisgarh), a company statement said. NTPC has also achieved the highest-ever annual overburden removal of 73.0 million cubic metres, representing 129 per cent growth compared to 31.9 million cubic metres of overburden removal in the previous fiscal. The achievement demonstrates NTPC's commitment to increasing its domestic coal production to meet the growing demand for power in the country, the statement said. NTPC management lauded the role of the power ministry, coal ministry and state governments, among others, for their support to
The deal was the first time an Indian state-run company has offered a stake in a renewable energy arm and comes as the country's renewables sector is attracting increasing foreign investment
Earlier this year, Power Grid Corporation, Adani Transmission, Tata Power and Torrent Power scaled record highs, but now are seen trading almost 11 - 22 per cent lower from their respective peaks.
NTPC has paid a final dividend of Rs 2,908.99 crore for 2021-22 to its shareholders. The final dividend is 30 per cent of the paid-up equity share capital of the company, an NTPC statement said. With this, the total dividend paid for 2021-22 is Rs 6,787.67 crore, which is 42 per cent of the PAT (profit after tax) for last fiscal year.
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NTPC, Adani Ports, Coal India, M&M and BPCL can rise higher, indicates technical charts
BPCL, DLF, Dwarikesh Sugar, Exide, GIC Housing, HDIL, HPCL, IOC, Jindal Saw, KEC Intl, KPIT Tech, Krsnaa Diagnostics, SCI, Sun Pharma, Suven Life, Tata Motors and UCO Bank in focus ahead of Q3 results