Pool to address grid balancing concern as states relinquish costly thermal power to procure more RE
With strong focus on alternate energy spectrum, analysts at ICICI Securities believe NTPC may be able to break the underperformance of the last decade
Stocks to Watch today: Reliance Strategic Business Ventures Ltd (RSBVL), a wholly owned subsidiary of Reliance Industries Ltd (RIL), has acquired an additional stake in skyTran Inc for Rs 123.4 crore
State-run power giant NTPC on Saturday reported an over 7 per cent dip in its consolidated net profit at Rs 3,417.67 crore for the September quarter, mainly due to higher expenses. The consolidated net profit of the company stood at Rs 3,690.95 crore in the quarter ended September 30, 2021, it said in a BSE filing. Total income rose to Rs 44,681.50 crore in the quarter from Rs 33,095.67 crore in the year-ago period. Total expenses jumped to Rs 40,000.99 crore in the second quarter of this fiscal from Rs 28,949.53 crore earlier. Average power tariff of the company during April to September this year was at Rs 4.77 per unit, compared to Rs 3.86 per unit in the same period in 2021. Plant load factor (PLF or capacity utilisation) of coal-based thermal power plants climbed to 74.08 per cent in the second quarter from 69.29 per cent. The imported coal supply rose to 5.58 MMT from 0.42 MMT in the same period a year ago. The domestic coal supply also increased to 48.72 MMT from 44.83 ..
The NTPC REL facility in Kutch produce electricity to support 8 million people
State-owned NTPC has roped in GE Gas Power to help it reduce carbon emissions at its 645 MW Kawas gas power plant in Gujarat. Both companies have entered into a Memorandum of Understanding (MoU) in this regard. "MoU is to demonstrate the feasibility for hydrogen (H2) co-firing blended with natural gas in GE's 9E gas turbines installed at NTPC's Kawas combined-cycle gas power plant in Gujarat...and further implementation at scale across NTPC's installed units in India," GE Gas Power said in a statement. NTPC's MW Kawas gas power plant is powered by four GE 9E gas turbines operating in a combined-cycle mode and has an installed capacity of 645 megawatt. Under this pact, GE Gas Power will evaluate the possible modifications to the gas turbine unit and auxiliaries required for blending of H2 with natural gas. Thereafter, a pilot project for 5 per cent co-firing of hydrogen may be implemented at the Kawas gas power plant in a safe environment based on the feasibility report. NTPC will
State-run power giant NTPC said it has logged 15.1 per growth in power generation at 203.5 billion units (BU) during April-September 2022. The high generation growth indicates improved performance and an increase in demand for power in the current year, it added. "NTPC group companies recorded a generation of 203.5 BU from April to September 2022, registering an increase of 15.1% from 176.8 BU generated in April to September 2021," the company said in a statement. NTPC Rihand (3,000 MW) in Uttar Pradesh was the top performing thermal power plant with 90.22 per cent Plant Load Factor (PLF or capacity utilisation) between April to September 2022. Overall PLF of NTPC coal stations stood at 76.3 per cent in the period under review. The total installed capacity of NTPC is 70,234 MW. NTPC is expanding its footprint in new business areas like green hydrogen, waste-to-energy and e-mobility. India's largest power producer is also aiming for a 10 per cent reduction in net energy intensity b
Change in law allowed for hike in GST rate too as project developers face cost hikes
Three of India's biggest central state-owned enterprises, Coal India Limited, NTPC, and Indian Railways can help the country reach its climate goals while seizing a share of the clean energy market
NTPC has paid a final dividend of Rs 2,908.99 crore for 2021-22 to its shareholders. The final dividend is 30 per cent of the paid-up equity share capital of the company, an NTPC statement said. With this, the total dividend paid for 2021-22 is Rs 6,787.67 crore, which is 42 per cent of the PAT (profit after tax) for last fiscal year.
Among individual stocks, Coal India can surge up to 17%; Adani Power, Adani Transmission, NTPC and Tata Power are likely to gain in the range of 10-14 per cent.
State-run power giant NTPC has inked a pact to supply electricity generated from renewable sources to Military Engineering Services. This is the first ever agreement by the Indian armed forces for getting power supply from renewable energy sources, NTPC said in a statement. This will go towards the gradual decarbonization of the armed forces. Power Purchase Agreement for RE power from the NTPC Solapur and Power Uses Agreement for RE power from upcoming NTPC Khavda, was signed to this effect at Chandigarh by A K Srivastava, General Manager (Commercial), NTPC, Sunit Kumar, AGM (Commercial), NTPC REL and Maj Gen Ashok Kumar, DGW, the statement said.
Stockpiles of the fossil fuel at power plants have fallen about 11% since mid-August, meaning utilities have an average of 10 days supply, well below required levels of more than three weeks
The estimated deal size is Rs 1,830 crore
It is not just that state-owned company leadership are paid much less than what their smaller competitors are paid but their performance is not linked to rewards
Sources said leading project developers, including state-owned NTPC, were not getting enough domestic suppliers for their tenders to procure solar modules
The release said NTPC has taken various steps to augment the coal production from its coal mines
The Fuel Supply Agreement (FSA) realisation was Rs 1,443 per tonne and the e-auction realisation was Rs 4,340 per tonne
NTPC has registered a 62 per cent growth in coal production from its captive mines, the state-run power producer said on Friday. NTPC continues to demonstrate an increasing trend in coal production from its captive mines, a company statement said. The coal production in this fiscal till August 2022, was 7.36 MMT, posting a robust growth of 62 per cent when compared to 4.55 MMT achieved in the same period of the last year, it stated. With meticulous planning, resource mobilization, and regular monitoring, NTPC could achieve substantial growth even during the monsoon period, so far, and is hopeful of maintaining similar growth, it added. The coal dispatch from the NTPC's captive mines has been 7.52 MMT against 5.47 MMT in FY22 for the same period (April to August) registering a growth of 37 per cent. The 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 excav
NTPC has doubled its plan for non-fossil fuel sources based power to 130 Gw by 2032 at an estimated investment of $30 billion