NTPC soars 2.4%; Environment Mininster clears Telangana power project

Recently, the company was awarded a project to develop 350 MW solar power plant in Andhra Pradesh to SB Energy, a three-way joint venture between SoftBank Group, Bharti Enterprises and Foxconn Technology Group.

NTPC soared 2.4% to Rs.134.55 after Enivronment Minister gave approval to NTPC's Telangana power project. Recently, the company has awarded a project to develop 350 MW solar power plant in Andhra Pradesh to SB Energy, a three-way joint venture between SoftBank Group, Bharti Enterprises and Foxconn Technology Group. This is the first joint venture project in India, as per media reports. 

The scrip opened at Rs. 132.75 and has touched a high and low of Rs. 134.9 and Rs. 131.9 respectively. So far 740995 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 108345.34 crore.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 164.7 on 12-Mar-2015 and a 52 week low of Rs. 107.2 on 25-Aug-2015. Last one week high and low of the scrip stood at Rs. 133.9 and Rs. 129 respectively.

The promoters holding in the company stood at 74.96 % while Institutions and Non-Institutions held 22.7 % and 2.34 % respectively.

The stock is currently trading below its 200 DMA.