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.

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.

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.

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.”

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.

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.

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.

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.

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.

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 Cootera.com Classifieds Website.