India News
Search Web Directory
 India News  
National Thermal Power Corporation (NTPC) Related news
 
Power giant NTPCBSE -1.34 % today said it has received shareholders' approval to raise Rs 15,000 crore via non-convertible bonds on private placement basis for capex, working capital and other corporate purposes.

The special resolution, listed on the agenda of the annual general meeting held, was passed by the requisite majority, NTPC said in a BSE filing.


 
New Delhi: NTPC Ltd., India’s biggest electricity producer, has boosted natural gas-fired generation as a drop in hydropower, nuclear and wind energy increases demand for thermal power, according to company officials with knowledge of the situation.

Plant utilization at NTPC’s gas-fired stations has almost tripled to 60% in the past three to four days, said the officials, who asked not to be identified, citing company policy. That compares with an average plant utilization of about 24% for NTPC’s gas-fired stations in the three months ended June, when summer demand peaks.


 
Coal stocks in NTPC’s 13 (out of 22) power plants are at a critical level despite Coal India monitoring production, despatch and evacuation on a day-to-day basis to rush supply to the plants. NTPC’s director of finance Kulamani Biswal has said that stocks in these power plants were for less than three days, while the average stock of all the 22 plants was seven days.

“The stock should ideally be for 15 days but since CIL is producing less coal, the power plants are unable to build up their stock,” Biswal said on the sidelines of mjunction’s coal market conference.


 
State-run power giant NTPC on Wednesday said it has offered 27.4 million equity shares to its employees at a discounted price of Rs 159.60 per scrip.

The discounted price was fixed after factoring in 5 per cent discount to the cut off price of Rs 168, discovered through the Offer For Sale of equity shares of NTPC carried out by the government on August 29-30.


 
Coal stocks at thermal power plants across the country have dropped to alarmingly low levels. Private power companies are the worst-hit, as state-run NTPC, under government patronage, is getting out-of-turn supplies.

According to sources from power companies, the shortage of fuel supply is primarily due to reduced production by Coal India (CIL) and its failure to open new mines and commission new railway sidings for seamlessly transporting the dual power plants.


 
Shares of NTPC slipped over 2% on Thursday following a dull response from the retail investors to its planned Rs 14,000 offer for sale. The government’s stake sale of up to Rs 14,000 crore in the India’s biggest power producer NTPC was subscribed for only 73% by the retail investors of the quota allocated to them of the extended issue including greenshoe option. Initially, the government was intended to sell over 41.22 to 82.44 crore shares which can raise up to Rs 7,000 to Rs 14,000 crore at a floor price of Rs 168 per share, through the two-day offer for sale (OFS), including a greenshoe option to sell a further 5% equity in case of over-subscription.

 
Government’s 7,000-14,000 crore stake sale in India’s biggest power producer NTPC via a two-day offer-for-sale (OFS) which opened for retail investors today got subscribed 1.87% as at 10:35 am. Retail investors, who will be offered a 5% discount, can bid for shares today till 3:30 pm as over 8.24 crore shares have been reserved for them. The government is selling over 41.22 crore shares, or 5% holding at a floor price of Rs 168 per share, through the two-day offer for sale (OFS), with an option to retain a similar portion in case of over-subscription. Shares of NTPC were trading little changed, up 0.33% at Rs 168.95 on BSE.

 
The government on Tuesday will sell up to 10 per cent in power utility NTPC for Rs 13,800 crore in one of the biggest disinvestment deals. The two-day offer for sale (OFS) will have a core component of 412 million shares (five per cent stake), with a greenshoe option to sell another five per cent. If the OFS is fully subscribed, it will be the third-biggest divestment deal ever by the government.

So far, the biggest share-sale by the government is the Rs 22,500-crore OFS in Coal India in 2014-15, followed by a Rs 15,200-crore initial public offering (IPO) of the coal miner in 2010.


 
State-owned power giant NTPC has sought shareholders’ approval to raise Rs 15,000 crore via non-convertible bonds on private placement basis domestically for capex, working capital and other corporate purposes. The special resolution is listed on the agenda of the annual general meeting scheduled for September 20, NTPC said in a BSE filing today. According to the statement, the company intends to raise Rs 15,000 crore through non-convertible debentures (bonds) up to Rs 15,000 crore in one or more tranches or series not exceeding 30, through private placement, in the domestic market for capital expenditure, working capital and other general requirements.

 
State-owned power generation firm NTPC may soon be asked to relocate a biodiversity park at its Dadri thermal power plant, Uttar Pradesh, to meet the fly ash requirement of the highway sector.

The issue was flagged at a group of infrastructure meeting last week and Power and Coal Minister Piyush Goyal — who attended the meeting, along with Environment Minister Harsh Vardhan and railways and defence ministry officials — agreed to shift the eco-park to another location.


» Post a FREE Classified Advertisement
Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on IndiaCatalog.com Classifieds Website.
Jobs in India India Real Estate Automobiles Matrimonials Beauty & Fitness

Most Read News

Odisha government department signs MOU with SBI

NGT offers relief on 10-year old diesel vehicle ban: Grants three-year extension with conditions

Reliance Industries, Adani Transmission, Petronet LNG hit record high

Reliance Industries eyes selling US shale assets, but only at fair valuation

Bajaj Auto Q2 net profit dips marginally to Rs 1,194 cr

More India News

India Resource Center
» Free India Classifieds
Introducing IndiaCatalog Free Classifieds. Post your free classified ads. Inviting Real Estate Agents, Travel Agents, Job Placement Agents and others to post their advertisements for free.
» Global Web Directory
Web directory listing of Global companies. Send enquiries to international companies.
» India Yellow Pages
Yellow Pages for Mumbai, Delhi, Bangalore, Chennai, Kolkota, Hyderabad, Pune and more Indian cites.
» Logistics Directory
Find supply chain management consultants, freight forwarders, trucking companies in India.
» Photo Gallery
This page provides you with links to images of India displaying Celebrities Photos,Automobiles Photos,latest Movies Photos,Sports Photos,Photos of Bollywood Stars and many more.
» Agriculture Directory
Find Fresh Vegitables, Fruits, Basmati Rice, Meat, Poultry and Seafood producers in India.
» Real Estate in India
Real Estate directory of India. Find agents, builders and suppliers.
» Gems & Jewellery
Find jewellery, gems and diamond merchants in India.
IndiaCatalog.com
  India Web Directory
Business Profiles
Automotive Directory
IT/ITES/BPO Directory
Hotel Directory
Health Directory
Business Directory
Gems & Jewellery
Education Directory
Real Estate Directory
Agriculture Directory
Logistics Directory
Yellow Pages
NRI Guide
Photo Galleries
Global Web Directory
*** FREE India Classifieds
Safety Tips For Classifieds
Order Premium Listings
Submit a Site
Business Reviews
Home
About us
Link to us
Advertise
Contact us
Google Search Keywords: India Catalog, IndiaCatalog, India Web Directory, India Free Classifieds
    © 1999 - 2017 IndiaCatalog.com
    All Rights Reserved
Privacy Statement    
    © 1999 - 2017 IndiaCatalog.com
    All Rights Reserved
Privacy Statement