| NTPC Limited Related news |
Fitch assigns investment grade rating to NTPC’s proposed notes
Posted on 22nd March 2019 |
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Fitch Ratings Friday said that it has assigned BBB-(EXP), an investment grade rating, to NTPC’s proposed senior unsecured notes. The proposed notes are to be issued out of the company’s USD 6 billion medium-term note programme and are rated at the same level as the NTPC’s senior unsecured rating, as they will constitute its direct, unconditional, unsubordinated and unsecured obligations, a Fitch Ratings statement said. |
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NTPC plant kills two birds with one stone: Converting Swachh Bharat into electricity generation
Posted on 20th March 2019 |
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State-owned power producer NTPC Tuesday said its 200 kilo watt (kW) waste-to-energy plant in Karsada has achieved full generation capacity. The plant is located in Karsada at Varanasi, Uttar Pradesh (UP).”Karsada plant has been able to achieve full load generation. Set up with an installed capacity of 200 kW, the thermal gasification-based pilot scale 24 tonne per day waste to energy plant has achieved full generation capacity,” NTPC said in a statement. |
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Indian Power Stations 2019 commemorates 36 years of operations by NTPC Ltd
Posted on 14th February 2019 |
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Union Power Minister, RK Singh on Wednesday said “The power sector is witnessing an increased demand which is further expected to go up in the near future. The current consumption of 1200 units per capita is expected to grow 2-3 times at par with the international consumption after each and every individual of the country has access to electricity.”
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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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