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NTPC Growth
State-owned NTPC on Tuesday said it has paid an additional Rs 2,424 crore of interim dividend to its shareholders in the financial year ending March 2025. This is in addition to the first interim dividend of Rs 2,424 crore paid in November 2024, NTPC said in a statement. The Rs 2,424 crore dividend paid on February 18 is 25 per cent of the paid-up equity share capital of the company. The total dividend paid by the company during the ongoing fiscal has reached Rs 8,000 crore, which includes the final dividend of Rs 3,152 crore for the financial year 2023-24 paid in September 2024. This is the 32nd consecutive year that NTPC has paid dividend. Under the Ministry of Power, NTPC is India's largest integrated power utility, contributing one-fourth of the country's power requirements. The company has an installed capacity of over 77 GW, with an additional capacity of 29.5 GW under construction, including 9.6 GW of renewable energy capacity. The company is committed to achieving 60 GW o
State-owned power giant NTPC will seek shareholders approval to raise up to Rs 12,000 crore through issuance of Non-Convertible Debentures (NCDs/bonds) on a private placement basis in its annual general meeting on August 29. "The board of directors of the company in its meeting held on 29th June, 2024 has approved the proposal and recommends the passing of the proposed special resolution (for raising up to Rs 12,000 crore in next 12 months)," the AGM notice of NTPC stated. The notice further said that the company is under capacity expansion mode, and a major portion of its capital expenditure requirement has to be funded by debt. The approval of the shareholders is being sought to authorize the board of directors to make offer(s) or invitation(s) to subscribe to the secured/unsecured, redeemable, taxable/tax-free, cumulative/non-cumulative, non-convertible debentures (NCDs/bonds) up to Rs 12,000 crore in one or more tranches, it said.
State-owned power giant NTPC arm NTPC Green Energy Ltd (NGEL) on Friday said it has signed an initial pact with Indus Towers Ltd to address the need for pacing green energy objectives and the GoI's efforts towards carbon neutral economy. The MoU (Memorandum of Understanding) shall explore joint development of grid-connected renewable energy-based power projects including solar, wind, energy storage etc. and/or solutions thereof, a company statement said. Indus Towers Ltd (ITL) aims to expand its renewable energy portfolio in a phased manner to Giga Watt (GW) scale capacity, for its business operations spread across the country, as a part of its net zero commitments. The MoU was signed by Soumya Kanti Chowdhuri, Chief General Manager, NGEL and Vikas Poddar, Chief Financial Officer (CFO), ITL in the presence of other senior officials from NTPC and ITL on Thursday. NTPC is India's largest power utility with the core business of power generation having a total installed capacity of 76
NTPC Group on Tuesday said it has produced 300 Billion Units (BU) of power so far this fiscal. It is the fastest ever 300 BU generation, NTPC said in a statement. The milestone was achieved in just 262 days on December 18, which is 18 days early as compared to the previous financial year, it said. In 2022-23, the group had crossed 300 BU generation on January 5, 2023, it said. NTPC Ltd, under the Ministry of Power, is India's largest integrated power utility, contributing 1/4th of the power requirement of the country.
State-owned power giant NTPC on Saturday posted over 38 per cent rise in consolidated net profit at Rs 4,726.40 crore for September quarter 2023-24 mainly on the back of higher revenues. Its net profit in the year-ago period stood at Rs 3,417.67 crore, a BSE filing said. Total income rose to Rs 45,384.64 crore in the quarter from Rs 44,681.50 crore in the same period a year ago. The board in its meeting held on Saturday also approved the first interim dividend of this fiscal at the rate of 22.5 per cent (Rs 2.25 per share) on the face value of paid-up equity shares of Rs 10 each. The date of payment/dispatch of dividend shall be November 23, 2023. The average tariff of the company was Rs 4.61 per unit during April - September this fiscal year compared to Rs 4.77 per unit in the same period a year ago. Gross electricity generation of NTPC increased to 90.30 billion units (BU) during the second quarter from 85.48 BU in the same period a year ago. Coal output increased to 5.59 MM
State-owned Oil and Natural Gas Corporation (ONGC) has signed an initial agreement with NTPC Green Energy Ltd to explore setting up green hydrogen and offshore wind projects. The Memorandum of Understanding (MoU) "will primarily explore the feasibility and setting up of renewable energy projects in various domains," ONGC said in a statement. The MoU was signed by ONGC executive director Debdulal Adhikari and NTPC Green Energy Ltd (NGEL) CEO Mohit Bhargava in the presence of ONGC chairman and CEO Arun Kumar Singh and NTPC chairman and managing director Gurdeep Singh. "The MoU envisages collaboration of the two mega entities in renewable power projects in India and overseas through offshore wind projects and exploring opportunities in the storage, e-mobility, carbon credits and green credits, nuclear, green hydrogen business and its derivatives (green ammonia and green methanol)," it said. ONGC is India's largest crude oil and natural gas producer while NGEL is a subsidiary of the ..
State-owned power giant NTPC on Sunday said its captive coal mines have registered 65 per cent year-on-year production growth to over 23 million tonnes in FY23. NTPC Ltd has recorded a coal production of 23.2 million tonnes in FY23, witnessing a 65 per cent growth against 14.02 million tonnes a year ago from its four operational coal mines -- TPC Pakri-Barwadih (Jharkhand), NTPC Chatti Bariatu (Jharkhand), NTPC Dulanga (Odisha) and NTPC Talaipalli (Chhattisgarh), a company statement said. NTPC has also achieved the highest-ever annual overburden removal of 73.0 million cubic metres, representing 129 per cent growth compared to 31.9 million cubic metres of overburden removal in the previous fiscal. The achievement demonstrates NTPC's commitment to increasing its domestic coal production to meet the growing demand for power in the country, the statement said. NTPC management lauded the role of the power ministry, coal ministry and state governments, among others, for their support to