Sensex Ends 226 Points Higher; Telecom And IT Stocks Witness Buying

These are the countries after Mali (500 MW) and Togo (285 MW) where India's largest power generation utility has been awarded PMC contracts through ISA, the first treaty-based international government organization headquartered in India.

NTPC is also eyeing similar opportunities in other ISA member countries in Africa such as Sudan, Congo, Mozambique, Egypt, Uganda, Rwanda, Gambia, Tanzania, Senegal, and Zimbabwe.

The company has been engaged as a facilitator by ISA and is targeting to help set up 10 gigawatts (GW) capacity in ISA member countries.

ISA, co-founded by India and France, has become a significant public policy tool for India and is considered a counter to China's ambitious 'One Belt One Road initiative'.

India's strategy is to negate the growing influence of strategic rival China in the region.

NTPC's share price ended the day down by 0.8% on the BSE.

Speaking of the power sector, it's interesting to note the power exchanged in India is about 4.5% of the overall power production, as can be seen in the chart below.

As per Tanushree Banerjee, Co-Head of Research at Equitymaster, India's power sector is currently in transition. It's driven by increasing reliance on short-term contracts and electricity spot markets.

This transition to the short-term market is happening due to quickly evolving industry dynamics.

Tanushree believes the Indian power sector will see a surge in spot power volumes due to certain factors.

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