NTPC share price rose after the company announced that its unit, NTPC Green Energy has signed a MoU with CSPGCL to develop up to 2000 MW renewable energy projects including floating solar
NPTC Green energy Ltd (NGEL) inked a joint venture with New and Renewable Energy Development Corporation of Andhra Pradesh (NREDCAP) on Thursday to invest Rs 1.87 lakh crore for setting up renewable energy projects in the state. The agreement inked in the presence of Chief Minister N Chandrababu Naidu, Energy Minister Gottipati Ravi Kumar and others at the secretariat will generate employment for 1.06 lakh people and garner a financial benefit of Rs 20,620 crore over 25 years for the state. "This joint venture will take a step towards making Andhra Pradesh numero uno (Number one) in energy (renewable). The state government will always be at the forefront to encourage solar, wind, pumped storage, green hydrogen and green ammonia energy projects," said Naidu in an official press release. Under the joint venture, 25 GW of solar, wind and hybrid energy projects would be set up in the state, including producing 0.5 MMTPA of green hydrogen, green ammonia and green methanol. Further, 10 G
Vneet Jaain, former chief executive officer at Adani Green Energy along with Adanis, prosecutors said, raised over $3 billion in loans and bonds by hiding their corruption from lenders and investors
Company officials pointed at the impact of US election results on the Indian markets and the subsequent slump of benchmark indices
NTPC Green Energy IPO: Trading strategies for NTPC, Power Grid and other listed power stocks on the BSE, NSE.
The northward movement in NTPC's stock price also aligns with the company's strategic expansion, as its renewable energy arm, NTPC Green Energy, launches its initial public offering (IPO) today
State-owned NTPC on Monday said it has paid Rs 2,424 crore as an interim dividend to its shareholders. The company paid its first interim dividend of Rs 2,424 crore for the financial year 2024-25 on November 18, representing 25 per cent of the company's paid-up equity share capital, NTPC said in a statement. NTPC CMD Gurdeep Singh, along with the Board of Directors of the company, presented the "payment advice of Rs 1,238.84 crore, representing the government's share to the Minister of Power Manohar Lal, Power Secretary Pankaj Agarwal", it added. On October 24, the Board of Directors of NTPC approved the first interim dividend of Rs 2.50 on the face value of shares of Rs 10 each for the financial year 2024-25. This marks the 32nd consecutive year that NTPC has distributed dividends to its shareholders. In a separate statement, NTPC said it is setting up a plant at Simhadri in Andhra Pradesh to produce green hydrogen from seawater. "For seawater processing, NTPC has implemented an
Ayana Renewable Power, owned by NIIF, British International Investment Fund and Green Growth Equity Fund, operates solar and wind plants that produce 1,600 megawatts in India and has another 2,500
He discussed capacity expansion plans and how the company would balance presence between fossil and green sources of power
Some analysts flagged concerns over NTPC Green's valuation, including on a price-to-earnings (PE) basis
Power giant NTPC on Tuesday said its board has approved investment proposals worth about Rs 80,000 crore for thermal projects totalling 6,400 MW. The board of directors has accorded investment approval for Telangana Super Thermal Power Project, Phase-II (3x800 MW) at an appraised current estimated cost of Rs 29,344.85 crore, the company said in an exchange filing. The board also approved the proposal for Gadarwara Super Thermal Power Project, Stage-II (2x800 MW), at an estimated cost of Rs 20,445.69 crore, it said. The board also accorded investment approval for Nabinagar Super Thermal Power Project, Stage II (3x800 MW) at an appraised current estimated cost of Rs 29,947.91 crore. NTPC, under the Ministry of Power, is the country's largest power generation company. The NTPC Group's installed power generation capacity was 76,443 MW as of September 30, up from 73,824 MW a year earlier. The company's installed capacity also increased on a standalone basis to 59,168 MW from 57,838 MW
NTPC is targeting 60 Gw of renewable energy (RE) capacity by FY32 through NGEL
The Mahagenco-NTPC has outbid at least seven others including Adani Power, Vedanta Group, Jindal Power, Orissa Metaliks, and Singapore-based VFSI Holdings
The rise in NTPC share price came after the market regulator Securities and Exchnage Board of India (Sebi) approved NTPC Green Energy's initial public offering (IPO)
State-owned power giant NTPC Limited on Thursday posted about 14 per cent rise in consolidated net profit to Rs 5,380.25 crore for the September quarter. Its net profit in the year-ago period stood at Rs 4,726.40 crore, a BSE filing said. The total income, however, fell to Rs 45,197.77 crore in the quarter from Rs 45,384.64 crore a year ago. The average tariff of the company was Rs 4.67 per unit during the April-September quarter this fiscal compared to Rs 4.61 per unit in the year-ago period. The Board of Directors also approved the first interim dividend of Rs 2.50 on the face value of paid-up equity shares of Rs 10 each for the financial year 2024-25. The date of payment/dispatch of the dividend will be 18 November 2024. The gross electricity generation of NTPC decreased to 88.46 billion units (BU) during the second quarter from 90.30 BU a year ago. Its coal output from captive mines increased to 9.03 MMT in the quarter from 5.59 MMT in the year-ago period. The production als
Q2FY25 company results: Godrej Consumer Products, PNB Housing Finance, Adani Gas, Bikaji, IndusInd Bank, Vadilal, and more to report second quarter earnings on October 24
DRHP lists several risks, of which China imports a major factor
Regulated players, RE and hydro players seem more attractive from the valuation standpoint than merchant power players
The surge in the NTPC share price came after the company filed Initial Public Offering (IPO) papers for its green energy arm, NTPC Green Energy Limited (NGEL).
The IPO boom comes as India's rapid economic expansion makes it a bright spot amid challenges facing peers such as China