iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

NTPC and BHEL Stocks Rebound Following New Joint Venture Announcement

23 Jul 2024 , 12:02 PM

Shares of NTPC Ltd. and BHEL Ltd. saw a notable recovery from their intraday lows after Finance Minister Nirmala Sitharaman announced the formation of a joint venture (JV) between the two companies. The JV will focus on establishing an 800 MW Ultra Super Critical Thermal Power Plant, with the government providing the necessary fiscal support.

Ultra Supercritical power plants operate at temperatures and pressures above the critical point of water, where liquid and gas phases are indistinguishable. India’s first Ultra Supercritical Power Plant, commissioned by NTPC in Madhya Pradesh in 2019, has a capacity of 660 MW.

Following the announcement, NTPC’s shares climbed 3% to ₹384.5, recovering 3.5% from the day’s lows. BHEL’s shares also gained 2.7%, trading at ₹313.15 after rebounding more than 5% from their lowest point of the day.

Related Tags

  • news
  • Union Budget
  • union budget 2025
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More
Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.