| NTPC Limited Related news |
NTPC agree to set up AYUSH centres in five cities
Posted on 12th October 2018 |
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The Union Ayush Ministry’s bid to rope in Public Sector Units (PSUs) to open hospitals exclusively providing traditional systems of medicine including Ayurveda across the country has started delivering results. In a first, and what can be called as a shot in the arm for the Ministry, the Government’s Navratna, National Thermal Power Corporation (NTPC) has agreed to set up Ayush centres in five cities —Kayamkulum in Alappuzha district of Kerala |
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NTPC gets green clearance for Rs 77.32 bn expansion project in Odisha
Posted on 24th September 2018 |
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State-run power producer NTPC has been given the green clearance for the Rs 77.32 billion expansion project of the Talcher Thermal Power Station in Odisha, a senior government official said Monday. The company's proposal is to add two additional units of 660 MW each in the existing premise of the Talcher Tehermal Power Project (TTPP) located in Angul district, Odisha. |
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Odisha wants swapping of NTPC power to save Rs 5 billion every year
Posted on 14th September 2018 |
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Burdened with steep tariffs on power from NTPC plants located outside Odisha, the state government has appealed to the Union Power Ministry to swap it with power sourced from the central power utility's plants located inside the state. The power swapping could help the state save up to Rs 5 billion each year for the next 25 years. |
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Dharmendra Pradhan seeks quick nod for NTPC's power project in Odisha
Posted on 12th September 2018 |
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Miffed with the delay in approval for NTPC's 1,320 Mw power project in Odisha, Union Minister for Petroleum and Natural Gas Dharmendra Pradhan on Tuesday urged Odisha Chief Minister Naveen Patnaik to intervene for its quick approval. Power major NTPC proposed to set up an additional state-of-the-art, latest environmental norms-compliant power station of 1,320 Mw at the existing plant in Talcher. |
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NTPC’s silence on stressed power plants must be appreciated
Posted on 10th September 2018 |
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Writing for Mint last year, Prashant Jain, executive director and chief investment officer of HDFC Mutual Fund, said it was not easy to remain invested in equities for long periods. “Those who can simply sit still know its immense benefits,” wrote Jain. NTPC Ltd seems to be practising this precept, albeit in a slightly different way. India’s largest electricity generator has remained silent on the opportunities in stressed power plants, despite having sound financials and a balance sheet to stomach acquisitions. |
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NTPC may abandon two units if states renege on PPAs
Posted on 31st July 2018 |
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NTPC may not go ahead with the construction of the upcoming 1,980-MW Nabinagar-2 and 1,600-MW Katwa thermal power generating units in Bihar and West Bengal, respectively, until it receives “re-confirmation” from the beneficiary states if they still require power from these projects. Power purchase agreements (PPAs) for these projects were signed with West Bengal, Bihar, Odisha, Sikkim and Jharkhand in 2010. |
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NTPC Q1 profit down 1.14% at ₹2,588.14 crore
Posted on 28th July 2018 |
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New Delhi: State-run NTPC Ltd, India’s largest power generator, said on Saturday that fiscal first-quarter net profit dipped 1.14% from a year earlier period, even as it benefited from higher electricity output and improved efficiency. The utility registered a net profit of 2,588.14 crore for the quarter ended June as compared to 2,618.17 crore posted for the corresponding period last fiscal on account of other income such as interest payment received. |
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Govt plans 10% stake sale in HUDCO, NBCC and 3% in NTPC; may raise Rs 59 bn
Posted on 26th July 2018 |
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The government is planning to sell up to 10 per cent stake each in real estate firms HUDCO and NBCC as also 3 per cent in NTPC through an offer for sale (OFS), which could fetch about Rs 59 billion to the exchequer. The finance ministry will soon float Request for Proposals (RFP) to appoint merchant bankers for managing the stake sale of HUDCO and NBCC, a source said. |
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After ONGC-HPCL, government mulls NHPC stake sale to NTPC for Rs 18,200 crore in another cross PSU merger
Posted on 25th July 2018 |
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India’s ministries of finance and power are discussing a plan to sell government’s stake in hydro-power producer NHPC Ltd. to its state-run peer NTPC Ltd., the nation’s biggest electricity generator by capacity, according to people familiar with the matter. The government’s 73.67 percent stake in NHPC is worth about 182 billion rupees ($2.6 billion) as per current prices, according to Bloomberg calculations. |
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NTPC signs Rs 15 bn term loan with HDFC Bank for a period of 15 years
Posted on 13th July 2018 |
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NTPC, India's largest electricity generating company, on Friday said it has signed a term loan agreement with HDFC Bank for availing a loan of Rs 15 billion. The 15-year loan will bear an interest rate linked to 3-months MCLR of the bank, the company said in a statement. |
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