Page 2 - Ntpc

NTPC Green Energy to raise up to Rs 9,000 cr through rupee term loan

NTPC arm NTPC Green Energy Ltd (NGEL) has invited bids for rupee denominated term loan of up to Rs 9,000 crore. The bid document showed that NGEL intends to raise fresh debt and repay outstanding liability of Rs 8,200 crore towards NTPC by March 31, 2023 along with applicable interest cost. Also, additional funds to the tune of Rs 800 crore would be required for additional debt liability and for balance capex payments of projects which are yet to achieve full commercial operations, it stated. Thus, NGEL has invited offer for rupee term loan of up to Rs 9,000 crore, it said. The minimum amount of loan offered by banks/FIs (financial institutions) shall be Rs 1,000 crore and in multiples of Rs 500 crore thereafter, it stated. The last date for submission of bids is March 6, 2023. NTPC had incorporated NGEL in April 2022 for consolidating its renewable energy businesses and aggressively pursue its green/ sustainable energy venture.

Stocks to watch: Nestle India, NTPC, HAL, Bharat Dynamics, MTNL, BEL

Stocks to watch today: Nestle India, and Schaeffler India will report the October-December quarter (Q3FY23) results on Thursday, February 16.

NTPC plans to raise up to $750 million term loan in JPY denomination

State-owned power giant NTPC plans to raise term loan of USD 750 million (about Rs 6,213 crore) in Japanese Yen (JPY) denomination to finance its capital expenditure on new and ongoing projects. The company has sought bids for the JPY loan, which is to be raised through External Commercial Borrowing route. According to a bid document, the term loan would be for USD 150 million with green shoe option of USD 600 million. It also stated that the proceeds of the loan will be utilised for capital expenditure for ongoing/new capacity additions programme, renewable energy projects, including hydro, coal mining and refinancing of existing ECB/Rupee loan availed domestically for CAPEX (capital expenditure) etc. The last date for submission of bids is March 1, 2023 and proposals would be opened the same day. NTPC is the largest power generating company in India. It occupies a dominant position in the domestic power sector with presence in the entire value chain of the power generation ...

RE firm SWREL seeks India expansion by working with large corporates

Engineering major will participate in projects where supply and land risk is not there: CEO

Public procurement via GeM expected to cross Rs 2 trillion-mark in FY23

The largest order worth Rs 20,400 crore placed on GeM until now is by NTPC for mine development and operations services

Andhra govt clears Rs 1.10 trn proposal of NTPC for new energy park

Public sector power generator NTPC is to set up a New Energy Park at Pudimadaka in Anakapalli district of Andhra Pradesh to produce products out of green hydrogen, green ammonia and green methanol at a cost of Rs 1,10,000 crore in two phases. An official release on Tuesday said the Andhra Pradesh State Investment Promotion Board (SIPB) cleared a series of investment proposals to establish several heavy industries in the State. NTPC will set up New Energy Park at Pudimadaka in Anakapalli district to produce products of green hydrogen, green ammonia and green methanol with a total investment of Rs. 1, 10,000 crore in two phases with each phase receiving an investment of Rs. 55,000 crore, the release said. The first and second phases with employment opportunities to 30,000 and 31,000 people would be completed by 2027 and 2032 respectively. The Accord Group would set up a Rs 10,000-crore factory at Ramayapatnam to make special minerals like copper cathode, copper rod, sulfuric acid an

Subsidence-hit Joshimath area 15 km away from NTPC project: Power minister

Power Minister R K Singh on Thursday said the area of subsidence in Joshimath was 15 km upstream from the components of the Tapovan-Vishnugad hydropower project and there were no signs of sinking of ground around its tunnel alignment. In a written reply to a question in the Lok Sabha, Singh said land subsidence in Joshimath was "a very old issue" observed way back in 1976 and the M C Mishra Committee set up by the then state government listed "hill wash, natural angle of repose, cultivation area because of seepage and soil erosion" as probable causes for cracks in the Himalayan town. The minister said a multi-institutional committee set up by the state authorities in July last year had made no mention of NTPC Tapovan-Vishnugad hydropower project causing land subsidence in Joshimath. Singh said the construction for the Tapovan-Vishnugad project was started in 2006 after a detailed examination for environmental impact, geological, hydrological and seismic studies by the Geological ..

JSPL, NTPC, Vedanta among 59 firms that submitted bids for 36 coal blocks

The government on Tuesday said that 59 companies, including JSPL, NTPC and Vedanta, have submitted bids for 36 coal blocks that were put up for sale under the commercial mines auction. A total of 96 bids were submitted for the coal blocks. "A total of 96 bids were received under two tranches of commercial coal mine auctions," the coal ministry said in a statement. This is the highest ever bids received since the launch of commercial coal mines auction in the year 2020, the ministry said, adding, a "total of six public sector companies had submitted the bids in the ongoing round of commercial coal mines' auction as well". "Under sixth tranche of auctions, a total of 86 bids both online and offline were received against 32 coal mines and three bids were received only offline but not online, and two or more bids have been received for 25 coal mines i.e. 79 bids (both online and offline) against 25 coal mines, and 7 coal mines have received single bids (both online and offline)," the

NTPC net profit up nearly 5% at Rs 4,854 crore in Q3 on higher revenue

State-owned power giant NTPC on Saturday reported a nearly 5 per cent rise in its consolidated net profit to Rs 4,854.36 crore for the December quarter, mainly due to higher revenue. The company's consolidated net profit was Rs 4,626.11 crore in the quarter ended December 31, 2021, as per a BSE filing. The total income rose to Rs 44,989.21 crore in the quarter from Rs 33,783.62 crore in the year-ago period. The Board of Directors also decided to pay an interim dividend at the rate of 42.50 per cent (Rs 4.25 per share) on the face value of paid-up equity shares of Rs 10 each for the financial year 2022-23. The average power tariff of the company during April-December 2022 stood at Rs 4.96 per unit compared to Rs 3.95 per unit a year ago. The plant load factor (PLF or capacity utilisation) of coal-based thermal power plants climbed to 68.85 per cent in the third quarter from 67.72 per cent. The imported coal supply rose to 1.57 MMT in the quarter from 0.52 MMT in the same period a

NTPC, Reliance, Adani top green hydrogen plays to bet on, say analysts

As per analysts, electrolyser manufacturers, fuel cell makers for non-emission vehicles, traditional players engaged in energy storage solutions or batter makers are among key beneficiaries

Dec traffic at major ports sails to highest in FY23, rises 10.4 per cent

Twelve major ports handled cargo of 69.5 million tonnes in December, which is highest during current fiscal year

Joshimath land subsidence not linked to tunneling, claim NTPC officers

NTPC's Additional GM Geology Bhuvnesh Kumar said that no blasting was being done in the tunnel currently and water has not filled in it either

No link between Hydropower projects and Joshimath subsidence: R K Singh

Power Minister R.K. Singh on Tuesday said that NTPC's Tapovan Vishnugad hydropower project has nothing to do with the land subsidence issue being faced in Uttarakhand's Joshimath town

Joshimath in focus, all you must know about Uttarakhand's Char Dham Yatra

While the challenge to rehabilitate and redevelop the town remains, some fear that with Joshimath, India will lose a key gateway to the Char Dham Yatra

NTPC's hydel project not linked to 'sinking' Joshimath, says PowerMin

The union power ministry has now come in support of its wholly owned power generator NTPC Ltd backing its claim that the hydropower project had no role in play in the cracks being witnessed

Joshimath Bachao Sangharsh Samiti blames NTPC for land subsidence

The JBSS has said that people continue to be in a state of panic after hundreds of houses, shops and other establishments were impacted by the land subsidence

Joshimath crisis: NTPC faces opposition as locals demand their exit

The locals consider the National Thermal Power Corporation (NTPC) responsible for the the constant threat of landslides being faced by them

NTPC produces 14.55 MT coal from captive mines in Apr-Dec 2022

State-owned NTPC on Tuesday said its coal production increased 51 per cent year-on-year from its captive mines to 14.55 million tonne (MT) in April-December 2022. The power giant had produced 9.65 MT of coal from its captive coal mines in the year-ago period, NTPC said in a statement. "Coal mining division of NTPC is maintaining its growth trajectory. NTPC surpassed its earlier record with coal production of 14.55 MT till December 2022 in this fiscal compared with 9.65 MT in the same period of the previous year," it added. The four operational coal mines -- Pakri-Barwadih (Jharkhand), Chatti-Bariatu (Jharkhand), Dulanga (Odisha) and Talaipalli (Chhattisgarh) -- have contributed to accomplish the highest-ever monthly coal production of 22.83 lakh tonnes in December 2022. In the third quarter, NTPC produced 5.79 MT of coal and dispatched 5.42 MT to its power plants. NTPC, under the Ministry of Power, is India's largest power-generating company.

Govt declares Joshimath as landslide, susbsidence zone; here's why

Many residents have also blamed state-owned NTPC's Tapovan Vishnugad Hydro Power Project for the incident

NTPC crosses 300 billion units electricity generation mark in FY23

State-owned power giant NTPC on Thursday crossed the 300 billion units (BU) mark of electricity generated during the current fiscal year. As of January 5, 2023, NTPC has recorded a PLF (plant load factor or capacity utilisation) of 73.7 per cent, compared to 68.5 per cent during the corresponding period in FY22, against the overall all India PLF of 63.27 per cent, a company statement said. The public sector undertaking has registered generation of 300 BU of electricity in 279 days, as of Thursday. The company achieved the 300 BU accomplishment a month before it had crossed the same mark in FY22, it added. In 2021-22, the company had crossed the 300 BU generation mark in 300 days on February 5. The company has recorded generation of 295.4 BU during April-December 2022, registering a growth of 11.6 per cent over the previous year. The NTPC group has installed capacity of 70,824 MW. Recently, the company crossed 3 GW of renewable energy capacity.