You are here: Home » News-CM » Equities » Hot Pursuit
Business Standard

NTPC spurts over 17% in four days

Topics
Business Finance

Capital Market 

NTPC surged 4.91% to Rs 93, extending gains for fourth straight session.

Shares of NTPC have added 17.05% in four sessions from its recent closing low of Rs 79.45 recorded on 3 April 2020.

On Monday (13 April 2020), NTPC informed about its plans to raise Rs 4,374.10 crore on 16 April 2020 through private placement of unsecured non-convertible bonds in the nature of debentures at a coupon of 6.55% p.a. with a door-to-door maturity after 3 years 1 day. The proceeds will be utilized for funding of capital expenditure, refinancing of existing loans and other general corporate purposes. The bonds are proposed to be listed on both NSE & BSE.

NTPC's consolidated net profit rose 22.4% to Rs 3,179.06 crore despite a 0.3% decline in net sales to Rs 25,412.39 crore in Q3 December 2019 over Q3 December 2018.

NTPC is a Maha-Ratna PSU operating in the power generation business. The principal business activity of the firm is electric power generation through coal based thermal power plants. It also engages in the business of generation of electricity from hydro and renewable energy sources.

As of 31 December 2019, the Government of India held 54.14% in the company.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Wed, April 15 2020. 11:15 IST
RECOMMENDED FOR YOU
RECOMMENDED FOR YOU