| NTPC Limited Related news |
Sunil Hitech bags Rs 183 cr contract for NTPC's power project
Posted on 6th November 2015 |
.jpg) |
Sunil Hitech Engineers Limited (SHEL) has received contract worth Rs 183.03 crores from NTPC Limited for ash dyke package for its Kudgi Super Thermal Power Project, Stage-I (3 x 800MW), in Karnataka. The project is scheduled to be completed within 30 months from the date of letter of award. Commenting on the order, Sunil Gutte, managing director of Sunil Hitech Engineers Limited, said, “We are happy to receive the contract for ash dyke package at Kudgi Super Thermal Power Project as we are already executing another order at the same site for erection, testing and commissioning of boiler unit III worth Rs 83.71 crores for one of our other client. Another order at same site will lead to better utilisation of resources.” |
|
|
NTPC eyes overseas spot markets for cheaper RLNG
Posted on 2nd November 2015 |
.jpg) |
State-run NTPC is looking to source low-cost re-gasified liquid natural gas (RLNG) from spot markets overseas to improve its margins that have taken a hit in recent quarters. While the cost of coal, on which over 90% of the company’s power generation depends, has remained flat, it is circumscribed by the norm that the revenue from power produced from subsidised gas can be used only to service debt. The subsidy policy is basically aimed at running some stranded gas-based pants and ensure a mechanism for debt servicing, so that these assets don’t become NPAs. |
|
|
NTPC Q2 net profit up 40% at Rs 2,898 cr
Posted on 29th October 2015 |
.jpg) |
NTPC, the largest state-owned power generator, posted an increase of 40% in its profit during quarter ending September 2015. The unaudited profit after tax (PAT) for the Q2 of FY 2015-16 was Rs 2,898.28 crore as compared to the Rs 2,071.63 crore during same period last fiscal. |
|
|
NTPC's Vindyachal plant to be country's largest power generating station
Posted on 28th October 2015 |
.jpg) |
State-run NTPC's Vindhyachal Super Thermal Power Station (VSTPS) will become country's largest power generating plant on Friday with the commissioning of another 500 MW unit. The unit of Vindhyachal Super Thermal Power Station (Stage V) will be declared on commercial operation from "00:00 HRS of October 30, 2015", NTPC Ltd said in BSE filing. |
|
|
IIFCL, IRFC and NTPC plan to issue rupee bonds overseas
Posted on 26th October 2015 |
.jpg) |
New Delhi: With the Reserve Bank of India (RBI) issuing the final guidelines allowing domestic companies to raise rupee-denominated overseas bonds, at least three financial institutions are preparing to raise money through this route. India Infrastructure Finance Co. Ltd (IIFCL), Indian Railway Finance Corp. Ltd (IRFC) and NTPC Ltd are among the companies laying the groundwork to issue rupee-denominated bonds sometime early next year, according to officials at these institutions. |
|
|
Markets remain lacklustre; Tata Motors up 2%, Cipla dips 3%
Posted on 20th October 2015 |
.jpg) |
Markets have erased early morning losses and are trading in the positive zone led by buying in the information technology and consumer durables shares. However, metal stocks are still reeling under pressure thus capping the upside. |
|
|
NTPC appoints KPMG to firm up strategy in uncertain times
Posted on 9th October 2015 |
.jpg) |
New Delhi: State-owned NTPC Ltd, India’s largest power producer, has appointed consultancy firm KPMG to work out a new strategy to face the challenges of an evolving energy landscape marked by regulatory changes and an increasing government focus on renewable sources of power. As part of the EXERCISE, KPMG will revise the NTPC Corporate Plan 2032, which lays down a roadmap for the state-owned power producer. This plan had been drawn up by Bain and Co. India Pvt. Ltd. |
|
|
Sri Lanka asks NTPC to shift planned plant again
Posted on 7th October 2015 |
.jpg) |
In a fresh setback to the government’s neighbourhood-first policy, Sri Lanka has asked India to change—for the second time—the location of a stalled $500 million power project to be built by state-owned NTPC Ltd. The long-delayed 500 megawatt (MW) power project is part of India’s strategy to wield greater economic and strategic influence in South Asia by helping to develop infrastructure projects. |
|
|
Govt begins roadshows for NTPC, BEL disinvestment
Posted on 6th October 2015 |
.jpg) |
Government has embarked on global roadshows at four locations, including the US and the UK, to attract investments for its big-ticket stake sale in the country’s largest power producer NTPC and BEL that may fetch around Rs 6,600 crore to the exchequer. Officials from the Department of Disinvestment (DoD), Power Ministry and NTPC are doing roadshows simultaneously in Singapore, Hong Kong, London and in the United States between October 5-10. |
|
|
Rush for higher returns before rate cut: NTPC tax-free bonds oversubscribed 10 times on Day 1
Posted on 24th September 2015 |
.jpg) |
MUMBAI: Record investor response to NTPC's tax-free bond sales indicate that there is a growing belief that interest rates are headed southward. The state-owned corporation's issue was oversubscribed more than 10 times on its opening on Wednesday, suggesting that in turbulent times, state-backed bonds are investors' best bet. The state-owned company received Rs 4,417 crore subscription against Rs 400 crore, the core issue size excluding an option to retain oversubscription up to Rs 300 crore, mandated earlier by the government. The company is likely to close the issue on Thursday. |
|
|
|
|
|
|
|
|
