| NTPC Limited Related news |
Tata Power, NTPC, Power Grid Corporation hit 52-week highs
Posted on 9th June 2016 |
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Shares of electric utilities companies such as Tata Power Company (Rs 77), NTPC (Rs 152) and Power Grid Corporation of India (Rs 154) have hit their respective 52-week highs on the BSE in intra-day trade in an otherwise weak market. These stocks were trading higher in the range of 1% to 2% as compared to 0.80% decline in the S&P BSE Sensex at 01:24 PM. |
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Bharat Forge gains on order from NTPC
Posted on 8th June 2016 |
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Shares of Bharat Forge were up over 2% at Rs 764 on the Bombay Stock Exchange after the company said that its joint venture with Alstom has received an order from NTPC. Alstom Bharat Forge Power Pvt Ltd (ABFPPL), the joint venture company between GE and Bharat Forge Ltd., signed a contract worth $219 million (Rs 1,495 crore) approximately with NTPC Ltd, the company said in a release. |
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No share buyback plans this fiscal: NTPC
Posted on 7th June 2016 |
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Government-run NTPC on Monday said that its capacity expansion plans combined with relatively smaller cash reserve at the end of last fiscal wouldn’t allow it to buy back shares this fiscal. The company added that it hasn’t received any communication from the government regarding the same. “The condition for share buyback is ideal only when you have sufficient cash reserves or you do not have any capex plan but we have about 24,000 MW of projects under construction, which require R1,00,000 crore of capital expenditure,” Kulamani Biswal, director finance, NTPC said while ruling out share buyback in the near future. |
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NTPC profits continue to slide, income dips by 5%
Posted on 31st May 2016 |
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State-owned NTPC registered an annual profit of Rs 10,243 crore during 2015-16, showing a mild decline from the previous year’s figure of Rs 10,291 crore. The company, a leading power producer, has been posting decline in profit for the past three years now. |
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NTPC raises Rs 1,072 crore through 15-years bonds issue
Posted on 26th May 2016 |
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State-run power generator NTPC Ltd has raised Rs 1,072 crore through 15-years bonds issue, which were oversubscribed by 1.74 times. The 61st series bonds issued on Wednesday has a door-to-door maturity of 15 years. Bids amounting to Rs 1,305 crore were received against issue size of Rs 750 crore.61st series bonds issued on Wednesday has a door-to-door maturity of 15 years. Bids amounting to Rs 1,305 crore were received against issue size of Rs 750 crore. |
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NTPC withdraws power regulation notice to BSES discoms
Posted on 19th May 2016 |
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Days after NTPC issued a notice to Delhi-based BSES power distribution companies regarding regulation of power supply due to pending dues, the state-run power generator has withdrawn the notice after an amicable settlement was reached between the two parties. The settlement talks were mediated by the Delhi Electricity Regulatory Commission (DERC). |
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BSES gets a week to resolve payment crisis with NTPC
Posted on 11th May 2016 |
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New Delhi: Power utilities BSES Yamuna Power Ltd and BSES Rajdhani Power Ltd, which cater to about 3.5 million residential, institutional and business consumers in the capital, are exploring ways to resolve a Rs.1,300 crore payment crisis with state-owned power producer NTPC Ltd by 16 May, to avert a major power supply disruption. A person privy to the talks said the Delhi Electricity Regulatory Commission, which sets power tariff for utilities, has been informed of the matter and has asked the parties to resolve the matter in a week’s time. |
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‘NTPC’s regulation may jeopardise grid security’
Posted on 7th May 2016 |
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A day after NTPC issued notices to Reliance Infra-run BSES discoms in Delhi regarding power cuts starting next week due to unpaid bills, the state transmission utility has directed the company to keep its regulation of power supply notice in abeyance in view of ‘imminent threat’ to the grid. “We are bringing to the kind attention of NTPC that as per regulation 11(2) of the CERC regulations, the state load despatch centre (SLDC) may suspend the implementation of regulation of power supply if it results in danger to grid security,” the letter written to NTPC by SLDC said. |
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NTPC issues payment notices to 2 BSES units over non-payment of dues
Posted on 5th May 2016 |
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NTPC, the power generation major, has issued a notice for non-payment to Reliance Infrastructure’s two electricity distribution utilities in this city, BSES Rajdhani Power (BRPL) and BSES Yamuna Power (BYPL). This is for non-payment of dues totalling close to Rs 1,300 crore (respectively, around Rs 403 crore for BRPL and Rs 892 crore for BYPL). The notices were dated May 4 and says it is being given under the rules for regulation of power supply (meaning, NTPC will cut the supply) with effect from May 10. |
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BGR Energy settles row with Hitachi group, clears way for NTPC projects
Posted on 4th May 2016 |
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BGR Energy Systems, a Chennai-based EPC and BoP contracting company for the power and oil & gas sector, on Tuesday said it has reached an agreement with its joint venture partners Hitachi, Japan (HTC) and Hitachi Power Europe GmbH (HPE), Germany, to settle their outstanding disputes that have been impacting the execution of a slew of power projects in the country. BGR has also decided to withdraw all pending legal proceedings initiated by the company in various fora. |
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