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NTPC Ltd gained for a third straight session today. The stock is quoting at Rs 317.05, up 1.07% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 1.69% on the day, quoting at 23005.5. The Sensex is at 74164.05, up 1.9%. NTPC Ltd has slipped around 3.04% in last one month.
Meanwhile, Nifty Energy index of which NTPC Ltd is a constituent, has slipped around 2.34% in last one month and is currently quoting at 36503.5, down 0.53% on the day. The volume in the stock stood at 53.92 lakh shares today, compared to the daily average of 82.56 lakh shares in last one month.
The benchmark October futures contract for the stock is quoting at Rs 317.7, up 0.81% on the day. NTPC Ltd is down 7.16% in last one year as compared to a 10.08% slide in NIFTY and a 2.38% slide in the Nifty Energy index.
The PE of the stock is 12.83 based on TTM earnings ending June 26.
NTPC and Africa50, the specialist investor in African infrastructure, have signed a Cooperation Agreement to identify, assess and develop power-generation projects and cross-border electricity trading opportunities across Africa.
The partnership will draw on NTPC's engineering and operational capabilities and Africa50's project development and financing expertise to advance commercially viable power projects, attract investment and expand reliable electricity supply for households and businesses.
NTPC will bring its extensive technical, engineering, project development, construction management and operations expertise to assess project feasibility, develop viable solutions and support the progression of identified opportunities towards implementation. Africa50 will complement these capabilities by leveraging its proprietary continental-scale pipeline and unparalleled access to governments and regulators through its 34 African country shareholders to identify priority power projects, structure them for investment and support their progress across the project life cycles.
Revenue from the company's power generation business increased 7.06% YoY to Rs 49,143.35 crore in Q1 FY27. Meanwhile, other income surged 35.25% YoY to Rs 6,618.64 crore, while unallocated revenue declined 73.92% YoY to Rs 100.19 crore.
Profit before tax and regulatory deferral account balances jumped 55.47% YoY to Rs 6,376.38 crore during the quarter.
Meanwhile, the company's board approved the issuance of secured or unsecured, redeemable, taxable or tax-free, cumulative or non-cumulative, non-convertible debentures (NCDs/Bonds) worth up to Rs 12,000 crore in one or more tranches, not exceeding 12 series, through private placement in the domestic market. The issuance will be undertaken during the period from the date of passing the special resolution until the completion of one year thereafter or the date of the next Annual General Meeting in FY2027-28, whichever is earlier.
NTPC is primarily involved in the generation and sale of bulk power to state power utilities. Other businesses of the group include providing consultancy, project management & supervision, energy trading, oil & gas exploration and coal mining.
NTPC primarily involved in the generation and sale of bulk power to State Power Utilities. Other business of the Group includes providing consultancy, project management & supervision, energy trading, oil & gas exploration and coal mining.
Shares of NTPC shed 0.46% to settle at Rs 347.15 on the BSE.
NTPC Ltd dropped for a fifth straight session today. The stock is quoting at Rs 346.75, down 0.56% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is up around 0.71% on the day, quoting at 24052.3. The Sensex is at 77018.87, up 0.67%.NTPC Ltd has eased around 1.39% in last one month.Meanwhile, Nifty Energy index of which NTPC Ltd is a constituent, has increased around 0.04% in last one month and is currently quoting at 38695.65, up 0.69% on the day. The volume in the stock stood at 101.69 lakh shares today, compared to the daily average of 134.92 lakh shares in last one month.
The benchmark July futures contract for the stock is quoting at Rs 347.85, down 0.33% on the day. NTPC Ltd jumped 1.55% in last one year as compared to a 5.14% slide in NIFTY and a 6.91% spurt in the Nifty Energy index.
The PE of the stock is 14.6 based on TTM earnings ending March 26.