| NTPC Limited Related news |
NTPC puts off plan to sell Kayamkulam unit to Kerala government
Posted on 12th July 2018 |
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NTPC, currently high on solar energy plans, has shelved the plan to sell its Kayamkulam facility (Rajiv Gandhi Combined Cycle Power Station – RGCCPS) to the Kerala government. It was the Union power ministry that had first mooted sale of RGCCPS-Kayamkulam to the Kerala government. In fact, Union power minister Piyush Goyal and Kerala power minister MM Mani had even arrived at an in-principle understanding on the sale before price became a contentious issue. |
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Odisha govt tells Centre to scrap PPAs with newer NTPC projects
Posted on 7th July 2018 |
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Faced with the prospect of a glut in thermal power supplies from 2020 onwards, the Odisha government is keen to renege Power Purchase Agreements (PPAs) signed with NTPC projects which is due to start commercial operations. Accordingly, the state government has requested the Centre not to allocate power from the NTPC’s stations coming up at Katwa (West Bengal), Pirpanti and Nabinagar-II (both in Bihar) and cancel the PPAs executed between the Maharatna Power Producer and Gridco, the state-owned bulk power trader. |
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NTPC, CIL see output rise with June quarter growth
Posted on 3rd July 2018 |
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NEW DELHI: India’s largest power generator NTPC saw output jump 7.5% in the first quarter of the current financial year on the back of manufacturing activity growing at the strongest pace in June. Coal India matched the demand-driven generation by pushing up fuel supplies to power stations by15.4% during the April-June period, backed by a 15% growth in loading of rakes and a similar pace of production increase. |
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NTPC takes equity stake in two Bihar state power projects for Rs 21 billion
Posted on 30th June 2018 |
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India's largest thermal power generator NTPC Limited announced equity acquisition of two state-owned power plants in Bihar for an estimated Rs 21 billion. NTPC took 50 per cent equity stake in Nabinagar Power Generating Company Pvt. Ltd. (NPGC) and 27.36 per cent Kanti Bijlee Utpadan Nigam Limited (KBUNL) from Bihar State Power Generation Company – which was operating it earlier. |
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UltraTech Cement, NTPC among 19 stocks in BSE500 that hit their 52-week low
Posted on 19th June 2018 |
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Shares of UltraTech Cement, NTPC, Bharti Infrastructure, Tata Power Company, Vedanta, India Cements and Shree Cement were among 19 stocks from the S&P BSE 500 index hitting their respective 52-week lows on the BSE. CG Power & Industries, Cummins India, Inox Wind, JK Lakshmi Cement, Kirloskar Oil Engines, Mangalore Refinery Petrochemicals (MRPL), Manpasand Beverages, Motilal Oswal Financial Services and NHPC too hit their respective 52-week lows today. |
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NTPC plans to load cheaper power first, plans new despatch schedule
Posted on 15th June 2018 |
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NTPC, India’s largest thermal power producer, is planning a power despatch schedule wherein cheaper power will be loaded first. The move aims to reduce the cost of power for state-owned power distribution companies (discoms) that are facing financial difficulties. |
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NIIF to be roped in for bailouts
Posted on 6th June 2018 |
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The government is weighing an option to rope in the National Investment and Infrastructure Fund (NIIF), apart from NTPC, to take over some stressed power assets, a senior official told FE. A detailed proposal is expected to be discussed at a meeting that will be soon convened by the finance ministry to resolve the issue of massive bad loans in power — estimated at Rs 1.77 lakh crore — following last week’s order by the Allahabad High Court. |
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NTPC FY18 profit slips 2% to Rs 10,502 cr
Posted on 29th May 2018 |
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State-owned power generator NTPC’s profit in FY18 slipped by 1.9% from last year to Rs 10,501.5 crore, notwithstanding a 7% rise in revenue to Rs 88,083 crore in the same period, as its finance costs in the fiscal went up by 21% to Rs 4,434.6 crore. The company was also affected by under-recovery of about Rs 800 crore on account of fuel shortage at several of its generating stations, underscoring the ongoing issue of coal scarcity at power plants across the country. |
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NTPC puts off solar projects auction amid developers concerns on evacuation
Posted on 19th May 2018 |
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New Delhi: State-run power giant NTPC has deferred auction of 2,000 MW solar capacities to the first week of June as developers have sought resolution of inter-state connectivity issue before going ahead with the sale, people familiar with the matter said. Besides, the Solar Energy Corporation of India (SECI) is likely to extend the bid submission for 2,000 MW solar capacities scheduled for the first week of June, industry people with knowledge of the matter said. |
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