NTPC, state-owned power generator said it has raised Rs 800 crore through issuance of debentures on private placement basis for capital expenditure.
The company has informed BSE that NTPC has raised Rs.800 cr on 23rd August, 2016 via private placement of secured non-convertible debentures at a coupon of 7.58 per cent per annum with a door-to-door maturity of a decade. The proceeds will be used to finance capital expenditure/refinancing the debt requirement in on-going projects encompassing recoupment of expenditure incurred already.
Meanwhile, NTPC share price was trading 1.26 per cent of Rs.161 on NSE today. It opened at Rs.158.75 from a previous closing of Rs.159. A of now, the day’s high stands at Rs.163.55 while the day’s low stands at Rs.158.10.
NTPC Share Price History:
The 52-week high & low of the scrip stands at Rs.170 & Rs.107.10, respectively. The life time high & low of the stock stands at Rs.170 & Rs.107.10, respectively. NTPC ranks among the Top 500 Shares identified by Dynamic Researchers at the end of each quarter out of the 1700 Shares on NSE.
NTPC at a glance:
NTPC is India’s largest energy conglomerate with its roots planted way back in the year 1975 to accelerate power development in the nation. Since then it has established itself firm as the dominant power major with its presence in the whole value chain of the power generation business. From fossil fuels it has forayed into generating electricity through hydro, nuclear & renewable energy sources. This foray shall play a significant role in lowering its carbon footprint by decreasing green house gas emissions. To strengthen its core business, NTPC has diversified into the fields of power trading, consultancy, training of power professionals, ash utilisation, rural electrification and coal mining as well.
For Support and Resistance Levels of NTPC, kindly visit NTPC Share Price History.
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