|Day's Range||155.10 - 158.25|
|52 Week Range||136.00 - 178.25|
|PE Ratio (TTM)||12.58|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
NTPC Ltd., India’s biggest electricity producer, is seeking to buy the federal government’s stake in hydro-power producer SJVN Ltd. to boost its share of non-fossil fuel generation capacity, according ...
The Indian government and three state-run firms will jointly set up an equity fund of up to $2 billion for renewable energy companies to tap into to help New Delhi meet its clean energy goals, two government sources told Reuters on Wednesday. India's government hopes the Clean Energy Equity Fund (CEEF) will attract pension and insurance funds from Canada and Europe. Around $600 million of the initial pool will come from the National Investment and Infrastructure Fund, under the finance ministry, and the rest from state entities NTPC Ltd, Rural Electrification Corp and the Indian Renewable Energy Development Agency, according to one of the sources.
NTPC Ltd., India’s biggest power producer, reported a 4 percent increase in its first-quarter profit on the back of higher energy sales.