Government-run NTPC on Monday said that its capacity expansion plans combined with relatively smaller cash reserve at the end of last fiscal wouldn’t allow it to buy back shares this fiscal. The company added that it hasn’t received any communication from the government regarding the same.

“The condition for share buyback is ideal only when you have sufficient cash reserves or you do not have any capex plan but we have about 24,000 MW of projects under construction, which require R1,00,000 crore of capital expenditure,” Kulamani Biswal, director finance, NTPC said while ruling out share buyback in the near future.

State-owned NTPC registered an annual profit of Rs 10,243 crore during 2015-16, showing a mild decline from the previous year’s figure of Rs 10,291 crore.

The company, a leading power producer, has been posting decline in profit for the past three years now.

State-run power generator NTPC Ltd has raised Rs 1,072 crore through 15-years bonds issue, which were oversubscribed by 1.74 times.

The 61st series bonds issued on Wednesday has a door-to-door maturity of 15 years. Bids amounting to Rs 1,305 crore were received against issue size of Rs 750 crore.61st series bonds issued on Wednesday has a door-to-door maturity of 15 years. Bids amounting to Rs 1,305 crore were received against issue size of Rs 750 crore.

Days after NTPC issued a notice to Delhi-based BSES power distribution companies regarding regulation of power supply due to pending dues, the state-run power generator has withdrawn the notice after an amicable settlement was reached between the two parties.

The settlement talks were mediated by the Delhi Electricity Regulatory Commission (DERC).

New Delhi: Power utilities BSES Yamuna Power Ltd and BSES Rajdhani Power Ltd, which cater to about 3.5 million residential, institutional and business consumers in the capital, are exploring ways to resolve a Rs.1,300 crore payment crisis with state-owned power producer NTPC Ltd by 16 May, to avert a major power supply disruption.

A person privy to the talks said the Delhi Electricity Regulatory Commission, which sets power tariff for utilities, has been informed of the matter and has asked the parties to resolve the matter in a week’s time.

A day after NTPC issued notices to Reliance Infra-run BSES discoms in Delhi regarding power cuts starting next week due to unpaid bills, the state transmission utility has directed the company to keep its regulation of power supply notice in abeyance in view of ‘imminent threat’ to the grid.

“We are bringing to the kind attention of NTPC that as per regulation 11(2) of the CERC regulations, the state load despatch centre (SLDC) may suspend the implementation of regulation of power supply if it results in danger to grid security,” the letter written to NTPC by SLDC said.

NTPC, the power generation major, has issued a notice for non-payment to Reliance Infrastructure’s two electricity distribution utilities in this city, BSES Rajdhani Power (BRPL) and BSES Yamuna Power (BYPL).

This is for non-payment of dues totalling close to Rs 1,300 crore (respectively, around Rs 403 crore for BRPL and Rs 892 crore for BYPL). The notices were dated May 4 and says it is being given under the rules for regulation of power supply (meaning, NTPC will cut the supply) with effect from May 10.

BGR Energy Systems, a Chennai-based EPC and BoP contracting company for the power and oil & gas sector, on Tuesday said it has reached an agreement with its joint venture partners Hitachi, Japan (HTC) and Hitachi Power Europe GmbH (HPE), Germany, to settle their outstanding disputes that have been impacting the execution of a slew of power projects in the country. BGR has also decided to withdraw all pending legal proceedings initiated by the company in various fora.

State-run NTPC Ltd's bond issue was oversubscribed 2.8 times in just 10 minutes today after hitting the market, raising a total of Rs 1,000 crore, which would be used for capital expenditure.

"NTPC's bond issue oversubscribed by 2.8 times in 10 minutes today," the company said in a statement.

New Delhi: An expert panel of the environment ministry has found state-run power utility NTPC Ltd guilty of violating green norms by hauling coal in open rail wagons from its mine in Bilaspur, Chhattisgarh, to its Sipat super thermal power plant in the state.

It has asked the company to look for alternatives instead of merely sprinkling water on coal to prevent dust from blowing out of open wagons.

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