Page 10 - Ntpc

Power ministry asks utilities to be on high alert due to rising demand

The power ministry on Tuesday said it has asked all utilities "to maintain a high state of alert and minimise forced outages of equipment" amid heatwave pushing electricity demand, especially in the northern region where Monsoon is yet to arrive. The country's northern region has been experiencing high electricity demand due to a prevailing heatwave since May 17, 2024, the ministry said in a statement. Despite these challenging conditions, the ministry said, the highest ever peak demand of 89 GW in the northern region was successfully met on June 17, 2024. It was made possible by importing 25-30 per cent of the region's power requirement from neighbouring regions, it said. "All utilities have been advised to maintain a high state of alert and minimise forced outages of equipment," the statement said. According to the India Meteorological Department (IMD) forecast, heatwave conditions in North-West India are expected to abate from June 20. In response to the increased electricity

Stable policy, revenue visibility, regulated margins triggers for NTPC

The receivables situation may become significant, given the prior history of the power sector

RVNL share price rises 4% on Rs 495 cr order win; up 190% in one year

The surge came after the company secured an order worth Rs 495 crore from National Thermal Power Corporation (NTPC)

Power stocks dip up to 19% on June 4; Adani Green, Adani Energy top losers

At 10:16 AM, all constituents of the BSE Power Index were trading in negative territory

Jefferies to Nuvama: These brokerage have raised NTPC target price post Q4

ICICI Securities stressed upon NTPC's position in the increasing total addressable market for power capex, benefiting from both conventional and renewables sectors

NTPC Q4 results: Net profit rises 33% on the back of higher revenues

State-owned power giant NTPC on Friday posted a 33 per cent rise in its consolidated net profit to Rs 6,490.05 crore in the March 2024 quarter, mainly on the back of higher revenues. The company had reported Rs 4,871.55 crore consolidated net profit in the quarter ended March 2023, a BSE filing said. Its total income rose to Rs 48,816.55 crore in the quarter from Rs 44,744.96 crore in the same period a year ago. The consolidated net profit in the fiscal 2023-24 increased to Rs 21,332.45 crore from Rs 17,121.35 crore in the year-ago period. In FY24, the total income rose to Rs 1,81,165.86 crore against Rs 1,77,976.39 crore a year ago. The company's board recommended a final dividend of Rs 3.25 per equity share for FY24. The final dividend is in addition to the first interim dividend at the rate of Rs 2.25 per share and the second interim dividend at the rate of Rs 2.25 per share of face value of Rs 10 each for 2023-24 paid in November and February, respectively. The company's boa

NTPC Group's installed power generation capacity crosses 76 GW milestone

State-owned power giant NTPC Group's installed power generation capacity has crossed the 76 GW-mark with commissioning of a 57-MW solar power energy capacity in Rajasthan. "Consequent upon successful commissioning and due approvals, first part capacity of 57 MW out of 90 MW Anta Solar PV Project at Anta, Rajasthan, is declared on commercial operation with effect from 00:00 hours of April 26, 2024," according to a regulatory filing. With this, it stated, the total installed and commercial capacity of NTPC on a standalone and group basis has reached 59,135 MW and 76,015 MW, respectively.

JSW Energy arm bags 700 MW solar project from NTPC; capacity up at 13.3 GW

JSW Energy on Saturday said that its arm JSW Neo Energy has received a letter of award from NTPC for setting up a 700 MW solar project. With the latest project win, JSW Energy's total locked-in generation capacity has increased to 13.3 GW of which 3.1 GW is solar power, a BSE filing said. According to the filing, JSW Neo Energy Limited, a wholly owned subsidiary, has received Letter of Award for setting up a 700 MW ISTS connected Solar Power Project from NTPC Limited. The company's current installed generation capacity is 7.2 GW and expects to have 9.8 GW of installed capacity by CY24. The company aims to reach 20 GW generation capacity and 40 GWh of energy storage capacity before 2030. JSW Energy has set an ambitious target of achieving Carbon Neutrality by 2050.

Massive fire breaks out at NTPC's superthermal power plant in Jharkhand

A massive fire broke out at NTPC's North Karanpura superthermal power plant in Jharkhand's Chatra district on Friday, officials said. The fire was first spotted around 2 pm, they said. "The fire broke out at the BHEL material yard of unit 3 in the power plant. So far no casualty has been reported," a senior BHEL official told PTI. Efforts are underway to douse the blaze, he said. The installation is a 660X3 mw coal-based power plant. NTPC is the country's largest power generation company.

Power Mech Projects bags orders worth Rs 232 cr for coal, thermal plants

Power Mech Projects has bagged orders worth Rs 232.03 crore, including building of power house and balance of plant at a thermal project and coal handling plant. The company received orders under three packages worth Rs 122.89 crore from state-owned engineering firm BHEL in various packages, the company said in a BSE filing. Package A includes erection of power house Unit 1 & 2 and other buildings at 2x660 MW NTPC Talcher, Odisha. Package B includes erection of ash handling plant structure, and tank fabrication at the NTPC Talcher plant. Package C includes erection of coal handling plant structure at the plant. The other order of Rs 52.74 crore includes balance civil and architectural works of superstructure of power house, bunker area and balance works in other areas of main plant of Yadadri TPS (thermal power station) Unit 4 & 5 -- Rs 52.74 crore. Another order of Rs 56.40 crore includes mechanical structure erection works at PP2 and Balance Quantity of Coke Oven Projects ...

State-owned NTPC targets 5GW power generation capacity addition in FY25

State-owned power giant NTPC on Monday said it is eying 5 GW power generation capacity addition in financial year 2024-25. NTPC aims to add 3 gigawatt (GW) of renewable energy (RE) capacity, exemplifying its steadfast dedication to environmental stewardship, a company statement said. Simultaneously, the power major aims to add 2 GW to its thermal energy capacity. According to the statement, NTPC has set a target to add 5GW of installed capacity reflecting its commitment to providing clean, reliable, and affordable energy solutions. In FY24, NTPC successfully added 3,924 MW of new capacity to its portfolio, bringing its cumulative installed capacity to nearly 76 GW. Presently, the group has an operational RE capacity of 3.5 GW, with an extensive pipeline exceeding 20 GW. By 2032, NTPC is looking to expand its non-fossil-based capacity to 45-50 per cent of the company's portfolio that will include 60 GW RE capacity with a total portfolio of 130 GW. NTPC Ltd is India's largest inte

Fire breaks out at NTPC's Kanhia power plant, fire doused, no injuries

A fire broke out at NTPC's Kaniha plant in Odisha's Angul district on Saturday, fire service officials said. The fire broke out at 8.10 am in the coal transporting conveyor belt of the plant in the Talcher area of the district, they said. There was no report of any injury in the fire, they said. The NTPC in a statement said that the fire call was quickly responded to by the CISF fire wing and plant disaster team. The fire has been doused fully and there was no report of any injury, it said. "No person has received any injury apart from minor first aid to one CISF personnel during fire fighting," the NTPC statement said, adding that "As a precautionary measure, Unit-3 of 500 MW was taken under shutdown for a brief time to contain the fire. However, the same will be brought to on bar shortly. All other units are normal." The cause of the fire and damage is being assessed, an NTPC official said, adding that necessary repair work will be started soon. The NTPC appreciated timely he

Stocks to Watch, April 2: ABFRL, Infy, Hero Moto, AU SFB, Voda Idea, BDL

Stocks to Watch on Tuesday, April 2, 2024: The Board of Aditya Birla Fashion and Retail has authorised to evaluate the vertical demerger of Madura Fashion business into a separate listed entity

NTPC wins 3,445 MW renewable energy projects in total during FY24

State-owned power giant NTPC on Monday said it has won 3,445 MW of renewable energy (RE) projects in the fiscal year ending March 31, 2024. "NTPC wins 3,445 MW RE bids in FY 2023-24. This records 58 per cent of total RE tenders the company participated during the financial year which is the highest since it started participating in the bids," the company said. Currently, NTPC has 3.5 GW of RE operational capacity with over 20 GW (gigawatt) in the pipeline. NTPC Ltd, under the Ministry of Power, is the country's largest integrated power utility having 76 GW installed capacity that contributes 25 per cent of total electricity demand in India.

NTPC adds nearly 4GW capacity in FY24; total installed capacity at 76GW

State-run power giant NTPC on Monday said it has added 3,924 MW power generation capacity in 2023-24, taking the total installed capacity to around 76GW. This (3,924 MW) includes the commissioning of the second unit in Bangladesh and maiden capacity addition by both its subsidiaries -- NTPC Green Energy Ltd (NGEL) and NTPC Renewable Energy Ltd (NREL), during the fiscal year ending March 31, 2024, a company statement said. In FY24, NTPC Ltd achieved an addition of 3,924 MW new capacity to its overall portfolio, elevating its cumulative installed capacity to almost 76 GW. NTPC is India's largest integrated power utility, contributing 1/4th of the power requirement of the country. With a diverse portfolio of thermal, hydro, solar, and wind power plants, NTPC is dedicated to delivering reliable, affordable, and sustainable electricity to the nation. The company is committed to adopting best practices, fostering innovation, and embracing clean energy technologies for a greener future.

NTPC records highest-ever power generation of 422 bn units in FY24

State-owned power giant NTPC on Sunday said it has logged an all-time high annual electricity generation of 422 billion units in 2023-24. During 2023-24, the NTPC coal stations recorded a plant load factor (PLF, or capacity utilisation) of 77 per cent, NTPC said in a statement. According to the statement, NTPC Ltd, India's largest power generating company, recorded its highest-ever yearly generation of 422 billion units in 2023-24, registering a growth of nearly 6 per cent over 2022-23. The company had on September 1, 2023 recorded the highest-ever single-day generation of 1,428 million units. The stellar performance of NTPC units is a testimony to the expertise of NTPC engineers, operation and maintenance practices, and robust systems, the statement added.

NTPC shuts down operations of 220 MW Barauni Stage-I project permanently

State-owned power giant NTPC has closed down its Barauni Thermal Power Station Stage-I of 220 MW permanently. NTPC is India's largest power utility with a total installed capacity of 75,418 MW (including JVs), according to its official website. "Operation of NTPC Barauni Thermal Power Station Stage-I (2x110 MW) comprising of two Units (Unit 6 & 7) of 110 MW each (along with all Auxiliary systems except CHP, Switchyard, Ash Dyke and Township) shall be permanently discontinued w.e.f. 31st March 2024," a regulatory filing said on Saturday. Established in 1975, NTPC aims to become a 130 GW firm by 2032. NTPC acquired Barauni Thermal Power Station (720 MW) in District Begusarai, Bihar, from Bihar State Power Generation Company on December 15, 2018. At the time of acquisition, the 720 MW coal-based power station has 2 units of 110 MW each (under R&M-renovation and modernisation) and 2 units of 250 MW each (under construction). The plant comprised of Stage-I (2x110 mw) and Stage-II .

NTPC signs aggrement with Japan's JBIC for Rs 1,650 crore funding

State-owned power giant NTPC on Tuesday said it has inked a pact with a Japanese agency for sourcing foreign currency loans of USD 200 million (JPY 30 billion or around Rs 1,650 crore).. Japan Bank for International Cooperation (JBIC), a government policy-based financial institution, will provide 60 per cent of the facility amount and the balance amount will be provided by other commercial banks under JBIC guarantee, a statement said. The agreements have been signed for a JPY 15 billion loan each for NTPC Ltd and NTPC Renewables Energy Ltd (NREL), it added. The facility has been extended under JBIC's initiative entitled Global action for Reconciling Economic growth and Environment preservation' (GREEN) for projects which ensure the conservation of the global environment.. The loan proceeds shall be utilized by NTPC for funding part of its capex requirements for Flue Gas Desulphurization (FGD) which substantially reduces the SOx emission in the flue gases of thermal power stations a

Street Signs: Shriram Finance and NTPC in spotlight, IPO blues, and more

According to IIFL Alternatives, Shriram Finance is expected to see inflows of nearly Rs 1,300 cr (over 3 days of volumes), while UPL could see outflows of over Rs 700 cr (nearly 5 days of volumes)

Shares of NTPC surge nearly 4% on NCD issue worth Rs 1500 cr

The recent hike in the stock price comes on the back of issuance of non-convertible debentures worth Rs 1,500 crore on Wednesday