NTPC, India’s largest electricity producer, has terminated contracts it had awarded to BGR Mining & Infra Ltd for development of its coal mines in Jharkhand and Chhattisgarh over allegations of corruption against senior officials of the private mining company. NTPC has terminated contracts for development and operation of Chatti-Bariatu coal mine in Jharkhand and Talaipalli coal mine in Chhattisgarh, according to two separate letters dated July 4, 2019 sent by the state-owned company.
The Centre’s latest plan to form a national electricity distribution company is likely to be a distribution sector operator (DSO), with overarching responsibilities of sectoral reforms and technical expertise. Officials said the company would be involved in the consultancy business and not exactly intervene in the business of state-owned power distribution companies (discoms).
While Anil Ambani-promoted Reliance Infrastructure looks to almost double its existing order-book in the current financial year, not all is well with its existing orders. One of RInfra's contracts worth Rs 567 crore from NTPC has been re-tendered and awarded to another company this month.
RRB NTPC Admit Card 2019: The Railway Recruitment Board (RRB) will soon release the RRB NTPC admit card 2019 for Non-Technical Popular Categories (NTPC) recruitment examination. The notification regarding the RRB NTPC 2019 examination will be published on the official website of RRB at rrbcdg.gov.in. the RRB conducts Non-Technical Popular Categories (NTPC) exams to recruit Commercial apprentice,
State-owned NTPC has urged the International Solar Alliance (ISA) to appoint it a consultant for 1,000 MW of rooftop solar projects the latter plans to implement across several countries. NTPC proposes to charge 6-10% of the project cost as upfront consultancy fees, depending on the capacities of the solar installations.
State-owned power generator NTPC gained from improved coal supply to its power plants in the pre-election season, as it was able to reduce its traditional under-recoveries stemming from fuel shortages. The company’s fixed cost under-recoveries, which increases with fuel-related uncertainties, were at Rs 800 crore in FY19, 43% lower than FY18, as it received more fuel from Coal India and increased production from its own captive mines.
New Delhi: State-run power giant NTPC on Saturday posted a 48.7 per cent jump in its standalone net profit at Rs 4,350.32 crore for the March quarter compared to the year-ago period mainly on the back of lower expenses.
The company's standalone net profit in January-March 2018 was Rs 2,925.59 crore, an NTPC statement said.
Insolvent DC Industrial Plant Services (DCIPS) has been given a window in getting handed over as a going concern with West Bengal Power Development Corporation (WBPDCL) and NTPC continuing to renew its old contract beyond the stipulated time frame. DCIPS, already a negative networth company, cannot participate in fresh tenders, since it would not match the financial criteria that an open tender would demand.
Enrolled under NTPC’s ‘Super 30 girls’ programme, a Corporate Social Responsibility (CSR) initiative introduced by India’s largest power generating company, 18 girls, out of 25, have successfully qualified for the IIT JEE mains.
The year-long residential program, implemented with an objective to coach students belonging to economically weaker families, brought these aspirants a step closer to fulfilling their dream of studying in some of India’s premier institutes.
New Delhi: State-owned power giant NTPC on Tuesday said it will raise Rs3,056.50 crore on Friday through issuance of bonds on a private placement basis.
"NTPC has decided to raise ₹3,056.50 crore on 3 May 2019, (Friday) through private placement of secured non-convertible bonds in the nature of debentures at a coupon of 7.93% per annum with a door-to-door maturity of three years," the company said in a statement.
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