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NTPC may abandon two units if states renege on PPAs
Posted on 31st July 2018
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.

NTPC Q1 profit down 1.14% at ₹2,588.14 crore
Posted on 28th July 2018
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.

Govt plans 10% stake sale in HUDCO, NBCC and 3% in NTPC; may raise Rs 59 bn
Posted on 26th July 2018
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.

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
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.

NTPC signs Rs 15 bn term loan with HDFC Bank for a period of 15 years
Posted on 13th July 2018
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.

NTPC puts off plan to sell Kayamkulam unit to Kerala government
Posted on 12th July 2018
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.

Odisha govt tells Centre to scrap PPAs with newer NTPC projects
Posted on 7th July 2018
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.

NTPC, CIL see output rise with June quarter growth
Posted on 3rd July 2018
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.

NTPC takes equity stake in two Bihar state power projects for Rs 21 billion
Posted on 30th June 2018
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.

UltraTech Cement, NTPC among 19 stocks in BSE500 that hit their 52-week low
Posted on 19th June 2018
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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