| NTPC Limited Related news |
NTPC bond issue oversubscribed, raises Rs 1,000 crore
Posted on 2nd May 2016 |
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State-run NTPC Ltd's bond issue was oversubscribed 2.8 times in just 10 minutes today after hitting the market, raising a total of Rs 1,000 crore, which would be used for capital expenditure. "NTPC's bond issue oversubscribed by 2.8 times in 10 minutes today," the company said in a statement. |
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NTPC violating green norms for transport of coal, says panel
Posted on 19th April 2016 |
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New Delhi: An expert panel of the environment ministry has found state-run power utility NTPC Ltd guilty of violating green norms by hauling coal in open rail wagons from its mine in Bilaspur, Chhattisgarh, to its Sipat super thermal power plant in the state. It has asked the company to look for alternatives instead of merely sprinkling water on coal to prevent dust from blowing out of open wagons. |
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NTPC's captive mining in the slow lane
Posted on 18th April 2016 |
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Ten captive coal mines with total annual production capacity estimated at 106 million tonnes (mt) would have translated into assured fuel supply for thermal power giant NTPC. However, despite being at several levels of clearance and approvals for years, none of these is operational. NTPC lost five of its mines allotted to it in a Supreme Court judgment dated August 2014. The judgment cancelled all coal block allocations made over two decades. Chatti-Bariatu & Chatti-Bariatu (South), Kerandari in Jharkhand, Dulanga in Odisha and Talaipalli in Chhattisgarh were re-allocated to NTPC last year in an e-auction. |
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LIC hikes stake in NTPC to 12.98%
Posted on 26th February 2016 |
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State-owned Life Insurance Corporation (LIC) has increased its stake in India’s largest power producer NTPC by 3.90 per cent after buying 32.15 crore shares in the open market. LIC, which had 9.08 per cent stake earlier, hiked its shareholding in the company to 12.98 per cent by buying shares between July 25, 2014, and February 24, 2016, NTPC said in a filing to the BSE. |
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NTPC’s Rs5,000 crore offering subscribed 1.53 times
Posted on 25th February 2016 |
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Mumbai: Retail investors on Wednesday showed little interest in the government’s Rs.5,000 crore share sale in power producer NTPC Ltd, subscribing to less than half the shares reserved for them on the second of the two-day offering. Of the total 82.45 million shares on offer, retail investors placed bids for 36.36 million shares, stock exchange data showed. In all, 632.57 million shares were bid during the two-day offer for sale against the total size of 412.27 million shares. |
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NTPC OFS through on LIC insurance
Posted on 24th February 2016 |
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With Life Insurance Corporation having subscribed to around 41% of NTPC’s issue of shares on Tuesday, the power producer’s offer for sale (OFS) sailed through attracting a total subscription of 1.8 times. The 32.98 crore shares reserved for institutional investors attracted a subscription of 57.4 crore shares, according to the BSE. Disinvestment secretary Neeraj Gupta said foreign portfolio investors had bid for Rs 925.45 crore worth of shares. This would amount to about 12.7% of the total subscription received on Tuesday. |
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NTPC's shares fly off the shelves
Posted on 23rd February 2016 |
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The 412 million shares, worth around Rs 5,000 crore, put on the block by the government in power utility NTPC have been fully subscribed. The offer for sale (OFS) has so far seen (as of 11:45 am) 432 million bids — 1.3 times shares on offer. The indicative price, or the price at which most bids were received, was Rs 122.05 compared to the floor price of Rs 122 per share, data provided by the BSE showed. |
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Emission norms to raise NTPC power cost by 10 per cent
Posted on 20th February 2016 |
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New emission norms for thermal power plants are likely to increase NTPC's cost of producing power by 10 per cent. This extra cost would be passed on to consumers, executives with the country's largest power producer said. After commitments made by the government during the Paris Climate Summit in December, the environment ministry notified new standards for thermal power stations relating to consumption of water, particulate matter, SO2, NOx and mercury. |
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NTPC's Gajamara project on backburner on coal unavailability
Posted on 17th February 2016 |
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The 1600-MW super thermal power project proposed by NTPC at Gajamara in Dhenkanal district is stuck over unavailability of coal. The National Thermal Power Corporation (NTPC) had planned such projects at Darlipalli (in Sundargarh district) and Gajamara at the same time. While the Darlipalli project has made considerable progress, the one at Gajamara has stumbled in the absence of coal linkage. |
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BHEL slumps on huge loss in Q3
Posted on 12th February 2016 |
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Shares of Bharat Heavy Electricals slumped nearly 11% to Rs 107 after the state-owned company reported a huge loss of Rs 1,102 crore compared to a net profit of Rs 212.60 crore in the quarter ended December 31, 2014. Total income for the quarter under review also declined to Rs 5,496 crore compared with Rs 6,472 crore in the same quarter ended December 2014. |
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