NTPC FPO to open on February 3, closes on February 5: Agencies
NTPC FPO will open on February 3 and closes on February 5, reports CNBC-TV18 quoting Agencies.
Sources told CNBC-TV18 that NTPC might price its FPO in the range of Rs 240-250.
NTPC was quoting at Rs 230.65, up Rs 2.50, or 1.10% in the opening bell.
Earlier, there were reports that NTPC is set to get nod to sell 10% of the power at market price. Reports suggest that the nod by the government to sell 10% of the capacity at market determined price may up the profit of NTPC by about 40%. Under the present set-up, NTPC sells 85% of its capacity to state electricity boards, but the fixed rates here are lower than market price.
Related posts:
