|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||174.10 - 177.25|
|52-week range||134.95 - 182.95|
|Beta (5Y monthly)||0.27|
|PE ratio (TTM)||9.76|
|Earnings date||27 Jul 2023 - 31 Jul 2023|
|Forward dividend & yield||8.50 (4.87%)|
|Ex-dividend date||03 Feb 2023|
|1y target est||205.55|
The Indian government is considering selling state-owned NTPC Ltd's two hydro power firms to NHPC Ltd to create a single hydro power company that would improve efficiency and cut costs, power minister R K Singh told Reuters. One large hydro power company would help meet high demand at night when solar projects do not run, he said.
Malaysia's Petronas has offered 38 billion rupees ($460 million) to buy a 20% stake in the green energy arm of India's largest power producer, NTPC, in the first deal of its kind by a state-run firm, three sources told Reuters. The offer price was higher than the 30 billion rupees NTPC had been expecting when it asked for expressions of interest in NTPC Green Energy (NGEL) last year and was 78% above the second-highest bidder. It values the NGEL at $2.3 billion.
General Electric's (GE) arm, GE Power India, signs MOU with NTPC to help the latter reduce the amount of coal fired in its units and replace it with co-firing alternative fuels.
General Electric (GE) arm signs a MOU with India's NTPC to explore the scope of reducing CO2 emissions from the Kawas gas power plant in Gujarat.
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