NTPC Ltd has signed a MoU with Government of Bihar (GoB) and Bihar power utilities on May 15, 2018 for acquisition of 720 MW Barauni Thermal Power Station (BTPS), acquisition of 27.36% equity of BSPGCL in Kanti Bijlee Utpadan Nigam Limited (KBUN) which owns 610 MW Muzaffarpur Thermal Power Station and acquisition of 50% equity of BSPGCL in Nabinagar Power Generating Company Pvt. Limited (NPGC) which is developing 1980 MW Nabinagar Super Thermal Power Project in district Aurangabad, Bihar.
Aforesaid transactions are envisaged to be completed through notification of a Statutory Transfer Scheme by Govt. of Bihar. Post transaction, BTPS will become part of NTPC portfolio and KBUN and NPGC will become wholly owned subsidiaries of NTPC.
Shares of NTPC LTD. was last trading in BSE at Rs.170.4 as compared to the previous close of Rs. 171.75. The total number of shares traded during the day was 155443 in over 1035 trades.
The stock hit an intraday high of Rs. 173.9 and intraday low of 169.5. The net turnover during the day was Rs. 26627375.