LIC-Backed PSU Power Company’s Board Approves Investment in 2 Thermal Power Projects Worth 20,921.85 Crore – Company’s Renewable Energy Subsidiary Files DRHP!
The company’s shares have delivered an impressive return of over 75 per cent in the past 1 year.
The Board of Directors of the Company, in its meeting, has accorded investment approval for the Sipat Super Thermal Power Project, Stage-III (1x800 MW), at an appraised current estimated cost of RS 9,790.87 crore. Additionally, the Board has approved the Darlipali Super Thermal Power Project, Stage-II (1x800 MW), at an appraised current estimated cost of Rs 11,130.98 crore.
Furthermore, NTPC Green Energy Ltd (NGEL), a subsidiary of NTPC Ltd, filed a draft red herring prospectus (“DRHP”) on September 18, 2024, with the Securities and Exchange Board of India, BSE, and the NSE regarding its proposed initial public offer (IPO) of equity shares, subject to the receipt of requisite approvals, market conditions, and other considerations. NGEL is proposing to undertake an IPO of its equity shares with a face value of Rs. 10/- each (Equity Shares), comprising a fresh issue of Equity Shares aggregating up to Rs. 100,000 million.
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Today, the shares of NTPC Ltd closed the day at around Rs 424.15 per share on the BSE. The company’s current market capitalization stands at Rs 4,11,284.09 crore. Additionally, the shares have delivered an impressive return of around 75 per cent in the past 1 year.
As per the Quarterly Results, NTPC Ltd recorded a revenue of Rs 48521 crore compared to Rs 43075 crore. The operating profit stood at Rs 13429 crore compared to Rs 12411 same quarter last year. The net profit stood at Rs 5506 crore compared to a profit of Rs 4907 crore same period.
NTPC Ltd (National Thermal Power Corporation) is a Large-Cap company, along with its subsidiaries, associates, and JVs, is primarily involved in the generation and sale of bulk power to state power utilities. Other businesses of the group include consultancy, project management and supervision, energy trading, oil and gas exploration, and coal mining.
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Disclaimer: The article is for informational purposes only and not investment advice.