NTPC share price touches 52-week high on plan to list subsidiaries by March 2024

The NTPC stock price touched 52 weeks high at Rs 145.75, up 4 percent intraday on October 4 on a report on the government’s electricity generator plan to subsidiaries on March 2024.

The company plans to register NTPC Rail, NeePco & NVVN in March 2024, CNBC-TV18 reports the source said.

NTPC Rail (NTPC Renewable Energy Ltd) is a subsidiary of 100 percent NTPC with 3.5 GW renewable projects. NTPC aims to build 60 gw renewable capacity in 2032 with the expected investment of Rs 2.5 lakh crore.

Focusing on Noretheast, North Eastern Electric Power Corporaton Limited is a 100 percent subsidiary of NTPC with a capacity of more than 2,000 MW.

In September, the company has won 1.9 gw in the auction of the CPSU-II scheme, Tranche-III of 5 GW.

In 1316 hours, NTPC quoted at Rs 144.90, up RS 5.05, or 3.61 percent in BSE.

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