Ntpc

India looking to merge hydropower units to create single company: Minister

NTPC, the country's largest power producer, acquired the two hydro companies -- THDC India Ltd (THDCIL) and NEEPCO -- three years ago for about $1.34 billion under a consolidation plan

Procurement via GeM crosses target of Rs 2 trillion on last day of FY23

On March 30, GeM completed five million transactions in a single financial year for the first time ever

Coal India's production touches all-time high of 700 million tonnes

Volume surpasses CIL's own output target, is up 12% over last year's figure

NTPC Renewable Energy to supply 1,300 MW clean power to Greenko

State-owned NTPC Renewable Energy will supply 1,300 MW round-the-clock clean power to Greenko's upcoming green ammonia plant at Kakinada. NTPC Renewable Energy Ltd, a wholly-owned subsidiary of NTPC Green Energy Limited, has signed a term sheet with Greenko ZeroC Pvt Ltd (A Greenko Group company) on March 28, 2023, to supply 1,300 MW round-the-clock RE Power for powering Greenko's upcoming green ammonia plant at Kakinada, a statement said. The term sheet was signed in the presence of Mohit Bhargava, CEO (NTPC Renewable Energy Ltd), Anil Chalamalasetty, founder and MD, Greenko and other senior officials from NTPC REL, it stated. The agreement between the two companies is one of the world's single largest contracts for the supply of round-the-clock renewable supply for an industrial client, it noted. The term sheet was signed by Rajiv Gupta, Chief General Manager, NTPC Renewable Energy Ltd and Mahesh Kolli, founder and Joint MD, Greenko Group, at the NTPC office here.

NTPC arm signs pact with Indian Army for setting up green hydrogen plants

NTPC Renewable Energy Ltd (NTPC REL), an arm of NTPC Ltd, has signed an agreement with the Indian Army for the implementation of green hydrogen projects in armed forces establishments. Under the MoU (memorandum of understanding) with the Army, a joint identification of potential sites would be undertaken for setting up of green hydrogen projects for supplying electricity, in a phased manner, NTPC said in a statement. "NTPC REL has signed an MoU with the Indian Army for setting up green hydrogen projects in its establishments on build, own and operate (BOO) model. The intent is to reduce complex logistics, dependence on fossil fuels and to accelerate decarbonisation," it said. NTPC REL is a wholly-owned subsidiary of NTPC Limited and currently it has a portfolio of 3.6 GW RE capacity under construction.

Stocks to Watch: Indian Oil, NTPC, HDFC AMC, Uno Minda, Sterling and Wilson

Stocks to Watch: RIL/ONGC/Oil India may be in focus as the windfall tax on crude petroleum has been reduced to Rs 3,500/tonne from Rs 4,400/tonne

NTPC signs agreement with IOCL to set up renewable energy projects

NTPC Green Energy Limited (NGEL) and Indian Oil Corporation Limited (IOCL) have inked pact for setting up of renewable energy projects to meet round-the-clock power requirement of IOCL refineries. The JV agreement was signed in the presence of Gurdeep Singh, Chairman and Managing Director of NTPC Limited and Shrikant Madhav Vaidya, Chairman of IOCL, among others. "The signing of this joint venture agreement between the two behemoths will enable NTPC Limited and IOCL to meet the government's clean energy targets in their respective core businesses," NTPC said in a statement on Monday. NTPC Ltd, through its wholly-owned subsidiary, NGEL, has set an ambitious target of building a renewable generation portfolio of 60 GW over the next decade to aggressively pursue its green energy business.

Stocks to Watch: Tata Consumer, NTPC, RVNL, GMR Airports, Havells, SKF

Stocks to Watch: Tata Consumer Products ceased negotiations with Bisleri for a potential acquisition. It said no definitive agreement or binding commitment has been signed on this matter

NTPC plant in Barh synchronises 4th unit, Bihar to get additional 405 MW

A 660-MW unit of the National Thermal Power Corporation's plant at Barh in Patna district was synchronised with the grid on Sunday morning, which is likely to result in supply of an additional 405 MW electricity for Bihar, a company official said. According to NTPC spokesman Vishwanath Chandan, the unit was successfully synchronised at 9.30 am. "The super critical based power project in Bihar has a total installed capacity of 3,300 MW with five units of 660-MW each. With today's development, we can look forward to the last unit becoming operational in 2023-24, Chandan said. The three units that became operational earlier are already successful in generation, and have been contributing over 1,600 MW electricity to Bihar, he said. "The successful synchronisation of the plant would pave way for commissioning of the unit prior to the declaration of commercial operation of the plant, he said. Under the synchronisation process, the plant was connected to the grid to see the load factor

Centre allows NTPC to invest over 30% of its networth in NTPC Green Energy

The central government on Friday allowed state-owned power giant NTPC to invest more than the ceiling of 30 per cent of its networth in its subsidiary NTPC Green Energy Ltd (NGEL). NTPC's net worth stood at Rs 1.28 lakh crore, as per its annual report for the financial year 2021-22. This assumes significance given the NTPC's ambitious target of 60 GW of renewable energy by 2032. Presently, the maharatna central public sector undertakings require approval of the Union Cabinet to invest an amount more than 30 per cent of its net worth. "Cabinet approves exemption to NTPC Ltd from the extant guidelines of delegation of power to Maharatna CPSEs for making an investment beyond the prescribed limit in NTPC Green Energy Ltd," an official statement said. It has also exempted NGEL's investment in NTPC Renewable Energy Ltd (NREL) and its other JVs/subsidiaries (joint ventures), subject to a ceiling of 15 per cent of its net worth beyond the monetary ceiling of Rs 5,000 crore to Rs 7,500 cror

More steam left in NTPC stock; to be key beneficiary of rising power demand

India's largest generator will be a key beneficiary of increasing power demand, access to coal supply and focus on renewable energy

NTPC, PFC: 5 F&O stocks see long OI build-up; Here's how to trade in them

Build-up of long OI in general indicates that traders are expecting the price of the underlying stock or index to gain in the near-term.

PowerMin expects 20 million tonnes domestic coal shortfall in April-June

An earlier projection by the coal ministry had pegged the coal supply to be around 205 mt during Q1

NTPC rallies 7% in 4 days, nears 52-week high on strong growth outlook

Power demand will continue to grow from January to June owing to summer demand

NTPC logs nearly 12% growth in electricity generation in April-Feb FY23

State-owned power giant NTPC on Monday said that it has logged nearly 12 per cent growth in electricity generation to 364.2 billion units in April-February period this fiscal compared to year ago. "NTPC Ltd registered 11.92 per cent growth in generation i.e. 364.2 BU in FY23 till February month, compared to the country's generation growth of 9.56 per cent," a company statement said. NTPC continues to demonstrate an increasing trend in coal production from its captive mines. It stated that the NTPC Captive Coal production stood 2.6 Million Metric tonnes(MMT) whereas the despatch stood 2.5 MMT, thus registered a robust growth of 80 per per cent and 87 per cent respectively, in February vis--vis previous corresponding year. On a cumulative basis, the coal production crossed 20 MMT in FY23, it stated. NTPC has taken various steps to augment the coal production from its coal mines. The engagement of high-capacity dumpers as well as an increase in the existing fleet size of excavators h

Power Grid Corp, NTPC gain 3% each to hit their respective 3-month highs

Power Grid has been declared a successful bidder to establish inter-state transmission system for two projects on build, own operate and transfer (BOOT) basis, in Chhattisgarh.

India Inc commits Rs 11.87 trn to Andhra on Day-1 of investor summit

NTPC, Adani, RIL among major participants; state set to sign another set of MoUs worth Rs 13 trn on Saturday

Brighter prospects ahead for power sector stocks amid economic momentum

Though there are a few monitorables, rising consumption should drive up volumes, investment

NTPC transfers 15 renewable energy assets to NGEL for Rs 10,000 crore

Power giant NTPC on Tuesday said it has completed the transfer of 15 renewable energy assets to NTPC Green Energy Ltd (NGEL) for a consideration of Rs 10,066.99 crore. Besides, the company has transferred its entire stake in NTPC Renewable Energy to NGEL for Rs 731.17 crore, according to a regulatory filing. NTPC said it has completed the transfer of 15 renewable energy assets to NGEL, a wholly-owned subsidiary, through a business transfer agreement executed on July 8, 2022. The consideration for transferring the 15 assets was Rs 10,066.99 crore, it added. Further, the company completed the transfer of 100 per cent equity shareholding in NTPC Renewable Energy to NGEL through a share purchase agreement. The consideration for the stake transfer was Rs 731.17 crore and the pact was executed on July 8, 2022, as per the filing.

NTPC pays Rs 4,121.08 crore as interim dividend to shareholders for FY23

State-owned NTPC Ltd has paid an interim dividend of Rs 4,121.08 crore to its shareholders for the financial year 2022-23. The dividend paid is 42.50 per cent of the paid-up equity share capital of the company, NTPC Ltd said in a statement on Friday. "NTPC Ltd has paid an interim dividend of Rs 4,121.08 crore today for the financial year 2022-23. This is the 30th consecutive year that NTPC Ltd has paid a dividend," it said. Under the Ministry of Power, NTPC is the largest power producer in India, which contributes 24 per cent of the total electricity produced in the country.