NTPC and NALCO shares trade in green owing to MoU signed
DSIJ Intelligence / 19 Dec 2016
NTPC and NALCO are both trading with marginal gains. NTPC and NALCO have both signed a MoU. The shares of Nalco as at 10.14 am are trading at Rs 62.25, up by 1.06 per cent, whereas the scrip of NTPC is trading at Rs 160.55, marginally up 0.65 per cent.
NTPC and NALCO are both trading with marginal gains. NTPC and NALCO have both signed a MoU. The shares of Nalco as at 10.14 am are trading at Rs 62.25, up by 1.06 per cent, whereas the scrip of NTPC is trading at Rs 160.55, marginally up 0.65 per cent.
Both the companies have informed BSE regarding signing of a Memorandum of Understanding(MoU) between them to set up the proposed joint venture company to supply about 2400 MW power from proposed coal based power project at Dhenkanal, Odisha for meeting captive power requirement of NALCO for proposed greenfield Aluminium Smelter Plant at Kamakhya Nagar, Dhenkanal and expansion at Angul in Odisha.
NTPC in the last three months has surged by three per cent; whereas the scrip of Nalco has surged by 38 per cent.
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