NTPC signs a pact with a French electricity production company and increases its stocks by 1%


NTPC shares were last trading 0.24 percent higher at Rs 143.70 on BSE

NTPC’s share price rose slightly on Thursday, October 7, after the operator of the state-owned thermal power plant announced it had signed a pact with the French nuclear power generation company – Electricité de France SA at Rs 143.70 on BSE. NTPC opened on BSE at Rs 145, recording an intra-day high of Rs 145.65 and an intra-day low of Rs 142.80, during the trading session so far.

The country’s largest integrated energy company has signed a memorandum of understanding with Électricité de France SA – one of the world’s leading electricity companies to explore some potential opportunities for the development of power projects in Asia, the Middle -East, Europe and Africa. The two flagship entities will also study the possibility of continuing pilot programs in the clean energy sector.

As part of the deal, the two companies will also collaborate on research and development, scope of knowledge sharing, technical services and consultancy on a global scale, according to a regulatory filing filed today by the NTPC with the stock exchanges.

The country’s largest power company aims to expand its portfolio of power generation assets across the world, according to its statement. Electricité de France SA said it is now present in around 25 countries and is looking to work on low carbon energy opportunities in India.

On the NSE, NTPC was last trading 0.21 percent higher at Rs 143.60 each. NTPC opened at Rs 144.20 on the NSE, hitting an intra-day high of Rs 145.65 and an intra-day low of Rs 142.85, during the session so far.

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