NPCIL will hold 51% stake in the JV and the remaining 49% stake would be owned by. The JV would build, own & operate nuclear power plants in India, in accordance with provisions of the Atomic Energy Act. Additionally, the Government of India has approved transfer of Mahi Banswara Rajasthan Atomic Power Project (MBRAPP) 4x700 MWe based on indigenous PHWR technology, from NPCIL to the JV company ASHVINI. The government has also approved exemption to NPCIL to invest more than Rs 500 crore and exemption to NTPC to invest more than Rs 5000 crore in a single JV/subsidiary company. This will enable adequate financing for accelerated nuclear power capacity addition in India. In addition to MBRAPP, ASHVINI shall also pursue other nuclear power projects in different parts of the country. NTPC is India's largest energy conglomerate. It has presence in the entire value chain of the power generation business. As on 30 June 2024, the Government of India holds 51.10% in NTPC. The state-run power major's consolidated net profit increased 12.33% to Rs 5,474.14 crore on 12.64% rise in revenue from operations to Rs 48,520.57 crore in Q1 FY25 over Q1 FY24. The scrip rose 0.11% to currently trade at Rs 416.75 on the BSE. Powered by Capital Market - Live

NTPC Ltd rose for a fifth straight session today. The stock is quoting at Rs 408.65, up 0.59% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.11% on the day, quoting at 24726.7. The Sensex is at 80745.92, down 0.07%. NTPC Ltd has added around 9.41% in last one month. Meanwhile, Nifty Energy index of which NTPC Ltd is a constituent, has added around 3.96% in last one month and is currently quoting at 43527.65, up 0.18% on the day. The volume in the stock stood at 45.56 lakh shares today, compared to the daily average of 229.59 lakh shares in last one month. The benchmark August futures contract for the stock is quoting at Rs 408.6, up 0.42% on the day. NTPC Ltd is up 84.33% in last one year as compared to a 27.48% gain in NIFTY and a 64.42% gain in the Nifty Energy index.The PE of the stock is 21.99 based on TTM earnings ending June 24.Powered by Capital Market - Live

NTPC Ltd is up for a third straight session in a row. The stock is quoting at Rs 402.55, up 1.13% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.14% on the day, quoting at 24574.45. The Sensex is at 80465.57, up 0.04%. NTPC Ltd has added around 7.78% in last one month. Meanwhile, Nifty Energy index of which NTPC Ltd is a constituent, has added around 3.29% in last one month and is currently quoting at 42762.7, up 1.32% on the day. The volume in the stock stood at 62.98 lakh shares today, compared to the daily average of 242.81 lakh shares in last one month. The benchmark August futures contract for the stock is quoting at Rs 403.35, up 0.94% on the day. NTPC Ltd is up 83.98% in last one year as compared to a 26.71% gain in NIFTY and a 63.73% gain in the Nifty Energy index.The PE of the stock is 21.54 based on TTM earnings ending June 24.Powered by Capital Market - Live

NTPC announced the appointment of Mahabir Prasad (DIN: 07094229), Joint Secretary & Financial Advisor, Ministry of Power as an Additional Director (Govt. Nominee Director) on the Board of the company with effect from 14 August 2024. Powered by Capital Market - Live