| NTPC Limited Related news |
NTPC threatens to cut power supply to Jammu and Kashmir over dues of Rs 2,000 crore
Posted on 12th February 2019 |
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State-run power generation company NTPC has threatened to curtail power supply to Jammu & Kashmir from February 19 unless the state’s power development department clears dues that have shot up to almost Rs 2,000 crore. Of the total outstanding dues, as much Rs 1,626 crore has been pending for more than 60 days. As per the regulation notice sent to the electricity distribution company (discom) by NTPC, some of the bills for which payments have not been made were issued as early as February 2018. |
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NTPC’s FY20 coal imports to double
Posted on 8th February 2019 |
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As NTPC continues to add thermal generation capacities to its portfolio amid sustained under-recoveries due to coal shortage, it is also increasing the coal import target to meet the additional fuel demand. For its goal to add 4,880 MW thermal capacity by FY19-end, NTPC would have incremental coal requirement of 18-20 MT, the company management recently said in the Q3FY19 earning conference call. To meet this demand, it plans to import 11.9 MT in FY20, more than twice the 5 MT target set for FY19.
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NTPC threatens to cut supply to AP, Karnataka,Telangana
Posted on 5th February 2019 |
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With outstanding dues spiralling to nearly Rs 6,000 crore, state-owned power generation company NTPC has threatened to cut supplies to the electricity distribution companies of Andhra Pradesh, Karnataka and Telangana from Wednesday if the bills are not cleared soon. The cumulative dues, pending for more than 60 days, stood at Rs 4,138 crore as on January 30. If immediate arrangements are not made, the three states could lose 3,470 MW of power supply from NTPC’s Ramagundam, Simhadri, Talcher and Kudgi power plants. |
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NTPC to challenge Rs 2,000-crore arbitration award to Jindal ITF
Posted on 4th February 2019 |
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State-owned power producer NTPC Ltd (National Thermal Power Corporation Limited) said it would “take up legally” the arbitration tribunal’s order against it to shell out over Rs 2,000-crore to Jindal ITF in interest payments. Jindal ITF is a subsidiary of Jindal SAW. |
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NTPC Q3 net profit up 1 per cent to Rs 2,385 crore as coal supply improves
Posted on 31st January 2019 |
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State-owned NTPC’s net profit inched up by 1% year-on-year (y-o-y) to Rs 2,385.4 crore in the three months ended December 2018 as country’s largest power generator showed signs of recovering from chronic coal supply woes plaguing the company since the beginning of 2017. The company’s revenue increased 16% y-o-y to Rs 24,120.4 crore in the quarter as the average tariff at which NTPC sells electricity went up by more than 8% to Rs 3.47/unit. The power company generated 70 billion units of electricity in the period, 3.4% higher than the corresponding period last fiscal. |
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NTPC to synchronise 800 Mw unit of Darlipalli thermal power plant by March
Posted on 29th January 2019 |
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NTPC Ltd, the country's largest power generating utility plans to synchronise the 800 Mw unit of its 1600 Mw super thermal power station at Darlipalli, near Sundargarh, by March 2019. “The turbine of the Darlipalli plant is ready. The boiler is expected to be completely fit for operations by February 10. We have already invested Rs 8,500 crore on the project whose total cost is pegged at around Rs 12,000 crore”, M P Sinha, regional executive director (East-II) said at a press conference here. |
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NTPC raises Rs 4,000 cr via bonds
Posted on 12th January 2019 |
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State-owned power giant NTPC on Friday said it has raised Rs 4,000 crore via bonds issued through private placement basis. Bidding for the bond issue opened on Friday and it received an overwhelming response, the company said in a statement. |
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Macquarie, NTPC among those eyeing IL&FS assets
Posted on 9th January 2019 |
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New Delhi: Half-a-dozen investors, including ReNew Power Ventures Pvt. Ltd and Macquarie Infrastructure and Real Assets , are interested in acquiring the ₹5,000- crore clean energy business of debt-laden Infrastructure Leasing and Financial Services (IL&FS), said one person aware of the development. |
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NTPC to invest Rs 10,300 cr in greenfield thermal and solar plants in UP
Posted on 8th January 2019 |
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Public sector energy generation major NTPC Limited has planned to invest almost Rs 10,300 crore in Greenfield power plants in Uttar Pradesh. These plants include a proposed 1,600 megawatt (Mw) (2x800) thermal power project at Shaktinagar (Singrauli) in Sonebhadra district of UP. This project is estimated to entail investment of Rs 9,000 crore, NTPC Regional Executive Director (North) Kamlesh Kumar Singh has said. |
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NTPC for single window registration for MSEs
Posted on 26th December 2018 |
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Buoyed by over 36 per cent of its procurement from micro and small enterprises (MSEs), power giant NTPC has pitched for their universal registration for supplies to all CPSUs in India. “To promote ease of doing business for MSEs, NTPC Chairman Gurdeep Singh has proposed a single window registration for MSEs across CPSUs,” a senior company official told PTI. |
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