ArcelorMittal, Brookfield and Canada Pension Plan Investment Board were among over dozen entities that evinced interest to buy stake in green energy arm NTPC Green Energy (NGEL)
The Canada Pension Plan Investment Board (CPPIB), Malaysian state-run Petronas and Arcelormittal SA are among the 13 bidders for a minority stake in the green energy unit of India's NTPC Ltd
A third player starts operations, pointing to the potential of this nascent business
ArcelorMittal, Brookfield and Canada Pension Plan Investment Board are among over a dozen entities that have evinced interest in buying stake in NTPC Green Energy Ltd, according to sources. NTPC Green Energy Ltd (NGEL) is a wholly-owned subsidiary of state-owned power giant NTPC Ltd. The expression of interest (EoI) for stake sale of 5 to 10 per cent in NGEL was invited in June this year. "The NTPC has received 13 bids for divesting up to 5-10 per cent stake in the NGEL. The EoI for the stake was issued around June. The bidders include ArcelorMittal, Brookfield, and Canada Pension Plan Investment Board. The winners will be finalised by the end of the month (September)". NTPC expects the valuation of the NGEL to be around Rs 2,000 crore. The sources also informed that the IPO (initial public offer) planned for NGEL will now come in FY24 (next fiscal). The company has not decided yet on the quantum of stake to be offloaded eventually and is looking initially at a 5 to 10 per cent st
NTPC has got shareholders' approval to raise up to Rs 12,000 crore through issuance of non-convertible debentures on private placement basis. The resolution was passed with requisite majority in the annual general meeting held on Tuesday. The funds to be raised in one or more tranches (not exceeding 12) will be used for capital expenditure, working capital and general corporate purposes, as per the notice for the AGM. As the company is in capacity expansion mode, major portion of the capital expenditure requirement has to be funded by debt. The company's board approved the proposal on July 29, 2022.
A venture between NTPC Ltd. and India's monopoly nuclear developer is in advanced talks with the government to develop two 700-megawatt reactors in the central state of Madhya Pradesh
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State-owned power giant NTPC will raise Rs 2,000 crore through issuance of non-convertible debentures on a private placement basis on Thursday. The proceeds will be utilised for, inter alia, funding of capital expenditure, refinancing of existing loans and other general corporate purposes, according to a regulatory filing. The company has decided to issue unsecured non-convertible debentures of Rs 2,000 crore on August 25, 2022, through private placement at a coupon of 7.44 per cent per annum with a door-to-door maturity of 10 years, it added. The debentures are proposed to be listed on NSE.
The power ministry's plan to become an intermediary in the sale of green power generation to states is only a limited solution to the larger problem facing state discoms
State-owned power giant NTPC on Friday said it has started capturing carbon dioxide (CO2) from the flue gas stream at its thermal plant in Vindhyachal. "As part of its commitment towards Net Zero by 2070, NTPC Ltd, India's largest integrated power company has captured its first CO2 on 15th August 2022 from flue gas stream of 500 MW coal based power plant (Unit-13) at Vindhyachal Super Thermal Power Station (VSTPS)," a company statement said. According to the statement, this plant is designed to capture 20 tonnes of CO2 every day. This initiative will pave the way for scaling up CO2 capture technology and greening the coal power generation. At the same location, NTPC is also setting up a green hydrogen generation plant, which will use Proton Exchange Membrane Electrolyzers to produce 2 tonnes per day of hydrogen. Subsequently, 20 tonnes per day of captured CO2 and 2 tonnes per day of hydrogen will be utilised to produce 10 tonnes per day of green methanol through a heterogeneous ...
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"We hereby seek participation of Banks/FIs (Financial Institutions) for the subject RFP (Request For Proposal for raising Rs 5,000 crore term loan)," a document said.
Global green capital presents a multi-billion-dollar opportunity for Indian power sector giants such as NTPC and Tata Power to fund their clean energy transitions.
The official website, bseindia.com states that August 9 will be a market holiday, which would mean that there will be no trading in equity segment, equity derivative segment and SLB degment
The funds to be raised in one or more tranches (not exceeding 12) through private placement will be used as capital expenditure, working capital and for general corporate purposes
NTPC and Coal India had awarded import contracts to Adani
After long power outages owing to coal shortages over two years, the government and its principal producer have drawn up an integrated plan to preclude the annual seasonal supply dislocations
Stocks to Watch today: ITC, UPL, Zomato, Arvind, Bajaj Consumer Care, among others will release their Q1 earnings today.