| NTPC Limited Related news |
NTPC issues largest ever bonus debentures worth Rs 10,307 cr
Posted on 13th March 2015 |
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NTPC, the state-owned thermal power generator, has issued bonus debentures of Rs 10,307 crore, the largest ever by any Indian company. It is also the first public sector company to adopt this instrument to reward shareholders, said its executives. |
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NTPC nears 52-week high on fixing record date for bonus debentures
Posted on 12th March 2015 |
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NTPC has moved higher by 7% to Rs 165 on the National Stock Exchange (NSE) after the company announced that it has fixed March 23, 2015, as the record date for bonus debentures. In December last year, the board of state-run NTPC had approved a scheme of arrangement for the issuance of secured, non-cumulative, non-convertible, redeemable, taxable fully paid-up bonus debentures of face value of Rs 12.50 each against each equity shares of Rs 10 held by its members by utilising its free reserves. |
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NTPC's 500 MW Vallur Thermal Power Project starts commercial operation
Posted on 27th February 2015 |
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NTPC Ltd has informed the BSE about the commencement of commercial operations of Unit-III 500-Mw Vallur thermal power project. The Unit III power project located in Tiruvallur district has been set up by NTPC Tamil Nadu Energy Co Ltd (NTECL), which is a JV between NTPC and the state distribution company Tangedco. |
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NTPC to supply 40% more power to UP by 2016-17
Posted on 24th February 2015 |
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Boosting the prospects of Uttar Pradesh Chief Minister Akhilesh Yadav’s promise of providing adequate power supply by 2016-17, NTPC Limited has said it will supply an additional 1,657 Megawatt (Mw) to the state in two years. The Maharatna company is now supplying 4,150 Mw to the state from power generated by its thermal power plants in the state. Thus, NTPC would be ramping up power supply by almost 40 per cent to Uttar Pradesh. The additional allocation to the state will come from new NTPC units in the state totalling 3,648 Mw. |
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NTPC BHEL JV signs MoU with APGenco
Posted on 10th February 2015 |
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NTPC BHEL Power Projects Private Limited (NBPPL) today signed a memorandum of understanding (MoU) with APGenco for supply of spare parts for coal and ash handling plants and other equipment required by the Andhra Pradesh power utility’s thermal power plants. It may be recalled that the joint venture company, NBPPL, was set up by the two public sector Maharatna companies to establish a power plant components manufacturing facility at Mannavaram in Chittoor district of Andhra Pradesh. |
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NTPC turns ex-dividend today; stock slips 1%
Posted on 4th February 2015 |
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Shares of NTPC have slipped over 1% at Rs 143 on the NSE after the stock turned ex-dividend today. The board of directors of the company has decided to pay interim dividend at the rate of 7.5% (Rs. 0.75 per share) on the face value of paid-up equity shares of Rs. 10 each for the financial year 2014-15. The date of payment / dispatch of dividend shall be February 13, 2015. |
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NTPC net rises 7%, sales down marginally
Posted on 31st January 2015 |
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State-run power generator NTPC reported single-digit growth in earnings and a mraginal decline in revenues during the quarter ended December, extending its two-year run of muted earnings’ growth. The company reported a seven per cent year-on-year increase in its consolidated net profit in the quarter to Rs 3,074 crore against Rs 2,861 crore last year. The net sales were down 0.2 per cent y-o-y to Rs 18,739 crore. The NTPC has reported negative profit growth in three quarters. |
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NTPC shortlists acquisition targets
Posted on 30th January 2015 |
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New Delhi: India’s largest power producer NTPC Ltd has shortlisted two plants, one owned by Gautam Thapar’s Avantha Group and another by Adhunik Group, for potential acquisitions as it seeks to add capacity to meet future demand for electricity—a rare instance of a state-run entity purchasing domestic private sector assets. The projects are Avantha Power and Infrastructure Ltd’s (APIL) 600 megawatt (MW) Jhabua Power Ltd (JPL) in Madhya Pradesh and Adhunik Thermal Energy Ltd’s 540MW Jamshedpur project in Jharkhand. |
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Markets may open higher; Cipla, NTPC, UltraTech Cement in focus
Posted on 13th January 2015 |
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Benchmark indices are likely to open higher tracking the gains in select Asian peers. Some volatility may be expected later in the session as consumer inflation for the month December rose to 5% from 4.38% in the previous month, primarily due to a rise in food prices. Traders would read the increase of 3.8% in industrial production for the month of November with some caution as it is over a negative base. |
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NTPC cancels Barh deal with Russia’s TPE, encashes guarantees
Posted on 9th January 2015 |
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NTPC has cancelled an over Rs 2,000-crore deal with Russia’s state-owned Technoprom Export (TPE) for supply of main equipment (boilers) to its 1,980 MW super thermal power project (STTP) at Barh in Bihar’s Patna district, due to inordinate delays and breach of contract terms by TPE. It has also encashed bank guarantees of R800 crore given to TPE and the deed of joint undertaking (DJU) partners, following a decision taken at the PSU’s board meeting on December 23, according to sources privy to the matter. |
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