NTPC signs SJVA with UPRVUNL

NTPC Limited has signed Supplementary Joint Venture Agreement (SJVA), Amendment-II, with U.P. Rajya Vidyut Utpadan Nigam Limited (UPRVUNL) on 1st April 2024. This SJVA Amendment Number-II shall form an integral part of the Joint Venture Agreement (JVA) dated 28th February 2008 and SJVA Amendment Number-I dated 13th September 2023, and shall constitute the entire agreement between NTPC and UPRVUNL in relation to the subject matter.

The SJVA Amendment-II has been signed to provide existing UPRVUNL land to the Joint Venture Company, MUNPL, for the Obra-D(2X800 MW) and Anpara-E (2X800 MW) Projects on a lease basis at a nominal rate of Rs.1.00 per acre per year, aiming to reduce power tariffs.

Shares of NTPC Limited was last trading in BSE at Rs. 342.25 as compared to the previous close of Rs. 335.95. The total number of shares traded during the day was 398727 in over 6842 trades.

The stock hit an intraday high of Rs. 344.40 and intraday low of 336.15. The net turnover during the day was Rs. 135877191.00.

Source : Equity Bulls

Keywords

NTPC INE733E01010 ElectricUtilities SJVA UPRVUNL