Wednesday, 17 July 2013

NTPC surges on plan to sign fuel supply agreement with Coal India

NTPC is currently trading at Rs. 145.25, up by 2.10 points or 1.47% from its previous closing of Rs. 143.15 on the BSE.

The scrip opened at Rs. 144.00 and has touched a high and low of Rs. 145.40 and Rs. 144.00 respectively. So far 26828 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 175.35 on 12-Sep-2012 and a 52 week low of Rs. 136.10 on 21-Mar-2013.

Last one week high and low of the scrip stood at Rs. 146.80 and Rs. 140.45 respectively. The current market cap of the company is Rs. 119394.32 crore.

The promoters holding in the company stood at 75.00% while Institutions and Non-Institutions held 20.16% and 4.84% respectively. NTPC and Coal India are likely to sign fuel supply agreement (FSA) on July 17, 2013, indicating the end of a year-long difference. Coal India has decided to supply coal with calorific value of 3100 kcal/kg, which will undergo third party sampling  at coal loading point and failing which the miner cannot claim incentive.

However, both the companies are yet to clear up on issues relating to pending payments of about Rs 4,000 crore as of June 30 that Coal India billed NTPC. But NTPC not ready to clear the latter’s bills, as it flagged that it will pay only for the quality of coal that is being received at the power plant.

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