The Joint Venture Company shall take up revival of Gorakhpur and Sindri plants of Fertilizer Corporation of India Ltd. by setting up ammonia urea plants at each locations.
WIth reference to the earlier letter dated May 16, 2016, NTPC Ltd has announced that pursuant to Joint Venture Agreement dated May 16, 2016 signed with Coal India Limited, a Joint Venture Company in the name of "Hindustan Urvarak & Rasayn Limited", with 50:50 shareholding by NTPC & Coal India has been incorporated on June 15, 2016.
The Joint Venture Company shall take up revival of Gorakhpur and Sindri plants of Fertilizer Corporation of India Ltd. by setting up ammonia urea plants at each locations.
NTPC Ltd ended at Rs. 153.95, up by Rs. 5.75 or 3.88% from its previous closing of Rs. 148.2 on the BSE.
The scrip opened at Rs. 149 and touched a high and low of Rs. 154.9 and Rs. 148.65 respectively. A total of 4141405(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 126938.86 crore.
The BSE group 'A' stock of face value Rs. 10 touched a 52 week high of Rs. 154.9 on 15-Jun-2016 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. 154.9 and Rs. 147.15 respectively.
The promoters holding in the company stood at 69.96 % while Institutions and Non-Institutions held 27.76 % and 2.29 % respectively.
The stock traded above its 50 DMA.
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