NTPC trades higher on the bourses

NTPC is currently trading at Rs. 127.65, up by 2.10 points or 1.67% from its previous closing of Rs. 125.55 on the BSE. The scrip opened at Rs. 126.00 and has touched a high and low of Rs. 129.10 and Rs. 125.50 respectively. So far 682747 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 160.90 on 17-May-2013 and a 52 week low of Rs. 110.90 on 04-Mar-2014. Last one week high and low of the scrip stood at Rs. 130.35 and Rs. 115.00 respectively. The current market cap of the company is Rs. 105789.31 crore. The promoters holding in the company stood at 75.00% while Institutions and Non-Institutions held 22.27% and 2.73% respectively. NTPC has terminated the contract with Punj Lloyd of worth Rs 210 crore due to poor performance.  Earlier, the private firm had won the contract from NTPC for civil work of a 750 MW thermal power project in Bongaigaon district of Assam in 2011. Punj Lloyd's scope of work in the contract entailed underground and over ground civil, architectural and structural work for the main plant etc and construction of the administration building and auditorium. NTPC is the largest power generating company in the country. It has also diversified into hydro power, coal mining, power equipment manufacturing, oil & gas exploration, power trading & distribution.