Why are NTPC, Gujarat Gas in focus? Zee Business brings full report

NTPC stocks have seen over 3 percent jump on Wednesday in the intraday trade. The stock is trading at highs not seen in almost four-and-half years. Another stock that has come into focus is Gujarat Gas Limited. Why are NTPC and Gujarat Gas in focus? What happened in the NTPC-Gujarat gas agreement? Ashish Chaturvedi gives details in this report.

Chaturvedi said that there is a lot of bullishness in the stock. Late last evening, news broke that NTPC and Gujarat Gas have signed an agreement, which will allow the blending of hydrogen in Piped Natural Gas (PNG). Initially, 5% blending will likely happen and will later be increased. It is same as mixing ethanol with petrol.

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Talking about NTPC and Gujarat gas, he said, the scale of Gujarat Gas is very good. Their overall appearance is also very good. It is presently in 6 states, 46 districts, and 8 union territories.

Whereas NTPC is also continuously expanding its portfolio of renewable energy. They believe that in the next 10 years, 69 gigawatts of energy will be produced through renewable energy.

Chaturvedi then said, actually, the collaboration is such that Gujarat gas is already in PNG, so its supply will be as it is. But green hydrogen will be made by rooting NTPC's solar power plant and then it will be blended.

Talking about the blending of hydrogen in PNG, he said, it has just started in India, but in many European developed countries this trend has been going on for many years. The mixture is 8% in Germany, 6% in France, 5% in Spain, and 4% in Australia.

He further said that it is a good thing for India if it is starting from 5%. So in the coming time, there will be a reduction in emissions and along with this, perhaps the price of PNG-CNG will also be seen decreasing.

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#NTPC में 3.5% की तूफानी तेजी, साढ़े चार साल की ऊंचाई पर

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