NTPC commissions green coal project in Varanasi
The company has commissioned a first-of-its-kind commercial green coal project in Varanasi.
Commissioning Green Coal Project
NTPC has commissioned a first-of-its-kind commercial green coal project in Varanasi, which will make torrefied charcoal from municipal waste. Nearly three years ago NTPC had planned to make green coal (torrefied charcoal) from municipal waste.
NTPC's arm NTPC Vidyut Vyapar Nigam (NVVNL) had awarded the project on an EPC (engineering procurement construction) basis to Macawber Beekay, and recently the first reactor module of 200 tonnes per day (TPD) capacity green coal plant was installed and commissioned for NTPC's Harit Koyla (Green Coal) Pariyojna plant at Ramana in Varanasi.
The total capacity of this plant after installation of all three modules shall be 600 TPD of waste handling capacity. The plant is built on 20 acres of land. Torrefied charcoal (green coal) which is similar to natural coal can be successfully blended with fuel in thermal power plants to produce electricity.
Stock Price Movement
On Thursday, the stock opened at Rs 178.35 and touched a high and low of Rs 180 and Rs 176.90 respectively. The BSE group 'A' stock of face value of Rs 10 has touched a 52-week high and low of Rs 182.80 and Rs 131.50, respectively. Last one week high and low of the scrip stood at Rs 181.55 and Rs 176.90 respectively. The current market cap of the company is Rs 1,74,152.12 crore.
The promoters holding in the company stood at 16.22%, while Institutions and Non-Institutions held 38.13% and 45.65% respectively.
Company Profile
NTPC (National Thermal Power Corporation) Ltd, along with its subsidiaries, associates, and joint ventures, is primarily involved in the generation and sale of bulk power to state power utilities. The group’s other businesses include consultancy, project management and supervision, energy trading, oil and gas exploration, and coal mining. The government of India owns the majority of the company. It is India’s largest power generation company.
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