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NTPC Ltd dropped for a fifth straight session today. The stock is quoting at Rs 337.1, down 0.09% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.93% on the day, quoting at 23729.80078125. The Sensex is at 78412.16, down 1.02%.NTPC Ltd has lost around 5.35% in last one month.Meanwhile, Nifty Energy index of which NTPC Ltd is a constituent, has eased around 1.11% in last one month and is currently quoting at 35628.2, down 0.66% on the day. The volume in the stock stood at 106.35 lakh shares today, compared to the daily average of 148.58 lakh shares in last one month.
The benchmark December futures contract for the stock is quoting at Rs 337.2, down 0.3% on the day. NTPC Ltd jumped 11.64% in last one year as compared to a 11.64% rally in NIFTY and a 8.17% spurt in the Nifty Energy index.
The PE of the stock is 17.52 based on TTM earnings ending September 24.
NTPC announced that consequent upon successful commissioning and due approvals, first part capacity of 55 MW out of 105 MW Shajapur Solar Project (Unit-1) in Shajapur Solar Park, MP of NTPC Renewable Energy (NTPC REL), a stepdown subsidiary of NTPC through its subsidiary NTPC Green Energy, is declared on Commercial Operation w.e.f. 00:00 Hrs. of 29 November 2024.
With this, the total installed and commercial capacity of NTPC group has now become 76530.68 MW.
The objectives of forming the joint venture company are to develop, operate, and maintain renewable energy parks in Maharashtra under the ultra mega renewable energy power parks (UMREPP) and to allocate the parks for the development of renewable energy projects.
Meanwhile, the company’s subsidiary, NTPC Green Energy has signed memorandum of Understanding (MoU) with Chhattisgarh State Power Generation (CSPGCL) to develop up to 2000 MW of renewable energy projects, including floating solar.
NTPC is India's largest energy conglomerate. It has presence in the entire value chain of the power generation business. As of 30 September 2024, the Government of India holds 51.10% stakes in NTPC.
The company’s consolidated net profit grew by 14.3% to Rs 5,274.59 crore in Q2 FY25 as against Rs 4,614.64 crore reported in Q2 FY24. Net sales declined marginally to Rs 44,696.30 crore in Q2 FY25 from Rs 44,983.35 crore in Q2 FY24.