Shares of this large-cap power generation company gained on generating huge units of electricity in FY23

Shares of this large-cap power generation company gained on generating huge units of electricity in FY23

by 5paisa Research Team Last Updated: Jan 09, 2023 - 02:10 pm 4.8k Views
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The company crossed the 300 billion units of electricity generation mark in FY23.

The previous day’s close of the shares was at Rs 169.85. On Friday, the shares opened at Rs 170.50 and made the day high at Rs 171.65 a piece.

NTPC has generated more than 300 billion units (BU) of power so far this fiscal year. The company reported a plant load factor (PLF) of 73.7% as of January 5, 2023, up from 68.5% during the same period in FY22, and lower than the aggregate PLF for all of India, which was 63.27%.

On February 5, 2021–2022, the business has reached 300 BU generation in 300 days. From April through December 2022, the company generated 295.4 BU, an increase of 11.6% from the previous year. The installed capacity of the NTPC group is 70,824 MW. The company recently exceeded 3 GW of renewable energy capacity.               

The largest energy conglomerate in India, NTPC, was founded in 1975 to accelerate India's electricity growth. Since then, it has solidified its position as the industry's leading power major, operating across the full value chain of the power generation industry. It has ventured beyond fossil fuels to produce electricity using hydropower, nuclear power, and renewable energy sources. By cutting greenhouse gas emissions, this venture will significantly contribute to reducing its carbon footprint. The company has expanded into consulting, power trading, power professional training, rural electrification, ash utilisation, and coal mining industries to improve its core business.

The 52-week high of the stock is Rs 182.80 whereas the 52-week low was Rs 123.70. Promoter’s holdings stood at 51.10%, whereas Institutional and Non-Institutional holdings are 46.38% and 2.50%, respectively. Presently, the market cap of the company stands at Rs 1,66,297.82 crore.

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