Page 13 - Ntpc

Power Mech Projects bags Rs 355 cr order from BHEL for trial operations

Power Mech Projects on Tuesday said it has bagged a Rs 355 crore order from state-owned Bharat Heavy Electricals Limited (BHEL). The scope of work includes erection, commissioning and trial operation including application of lining/insulation, Power Mech Projects said in a regulatory filing. It also includes handing over of boiler and its auxiliaries, power cycle piping, steam turbine generator of unit I and II at 2X660 MW NTPC, Talcher, Odisha, it said. Based in Hyderabad, Power Mech Projects is one among the leading infrastructure-construction companies with global presence.

Sensex zooms 330 pts, Nifty tops 19,100; RIL gains 2%, ICICI, HDFC Bank 1%

BS BFSI Summit 2023: The economists' panel sees growth risks growing for India amid global gloom and doom. Soumya Kanti Ghosh of SBI sees first rate cut bymid-2024

Stocks to Watch: Reliance, Ultratech Cement, AU SFB, NTPC, Gujarat Gas, MGL

Stocks to watch on October 30, 2023: Fincare Small Finance Bank is set to merge with AU Small Finance Bank (AU SFB) in an all-share deal; Gujarat Gas has hiked industrial gas price to Rs 45.6 per scm

Meghalaya Cabinet approves proposal to pay Rs 565 cr power dues of NTPC

The Meghalaya Cabinet on Wednesday approved a proposal to clear Rs 565 crore pending power dues of National Thermal Power Corporation (NTPC) in 20 instalments, state Power Minister AT Mondal said. The proposal of the Meghalaya Power department was approved by the state cabinet chaired by Chief Minister Conrad K Sangma. Talking to reporters, Mondal said the department has moved the NTPC for negotiation after the power dues rose to Rs 665 crore. If allowed to continue the dues would soon cross Rs 1,000 crore and create a burden for the Meghalaya Power Distribution Corporation Limited (MePDCL), Meghalaya Energy Corporation Limited (MeECL) and also for the state government. "After negotiation and meetings, they (NTPC) agreed that now we can pay them Rs 565 crore instead of Rs 664 or 665 crore. So we got relief from that point of view but this amount should be paid in around 20 instalments," he said, adding that NTPC has agreed to waive off over Rs 100 crore and that there is now a ...

Indian Oil to invest Rs 1,660 cr in JV with NTPC to set up power plants

Indian Oil Corporation, the nation's biggest oil firm, will invest Rs 1,660.15 crore as equity in a newly set up joint venture with energy major NTPC Ltd for setting up renewable power plants. In June, IOC and NTPC had formed a 50:50 joint venture company, IndianOil NTPC Green Energy Pvt Ltd, to set up renewable energy projects to meet round-the-clock power requirements of refineries of the oil company. In a stock exchanging filing, IOC said its Board in a meeting on October 13, "has accorded approval to the investment plan of the joint venture company for setting up of renewable energy power plants and approved the equity contribution of up to Rs 1,660.15 crore towards Indian Oil's share of 50 per cent in the equity share capital of the JVC." On June 2, IOC incorporated the joint venture company (JVC) with NTPC Green Energy Limited, (a wholly-owned subsidiary of NTPC Limited). "IndianQil NTPC Green Energy Private Limited will develop renewable energy-based power projects (viz. sol

Meja Urja bets on UP's power demand, plans 5.6 Gw thermal capacity

With the growth in renewable energy capacity falling behind the growth of electricity demand, states are going back to coal to build future power capacity

Indian Oil to invest Rs 1,660 cr in exchange for 50% stake in JV with NTPC

Indian Oil also announced the appointment of Anuj Jain as its chief financial officer

NTPC logs 83% growth in coal production in first half of this fiscal

State-run power giant NTPC on Tuesday reported an 83 per cent rise in coal production in April-September period of this financial year, compared to a year ago. NTPC Ltd has reported a substantial growth of 83 per cent in coal production from its captive mines during H1 FY 2023-24, as compared to the corresponding period in the previous year, a company statement said. The company achieved a coal production of 16.05 million metric tonnes (MMT) during H1 FY24, as compared to 8.76 MMT in H1 FY23 (April-September 2022). In addition, NTPC has also achieved a coal despatch of 17.20 MMT in H1 FY24, marking a significant 94 per cent increase over the previous year for the same period. Till date, NTPC has produced more than 85 million metric tonnes (MMT) of coal from its four operational captive coal mines i.e Pakri Barwadih & Chatt-Bariatu Coal Mines in Jharkhand, Dulanga Coal Mine in Odisha and Talaipalli Coal Mine in Chhattisgarh. Further, mine operations have also started from Kerendari

Kolkata Port, NTPC to work together to set up green hydrogen, ammonia hub

Syama Prasad Mookherjee Port (SMP), formerly known as Kolkata Port Trust, and NTPC Green Energy (NGEL), a subsidiary of NTPC Limited, will form a joint working group to set up a green hydrogen and ammonia hub at the port, an official said on Sunday. The MoU between the two public sector entities was signed last week, aiming to explore opportunities for the production, storage, handling, and bunkering of green hydrogen, green ammonia, and its derivatives with the support of the port, the official said. As part of the National Hydrogen Mission, shipping and port operations will play a critical role in driving trade in green energy. Ports are therefore being developed to support the export requirements of green energy. Speaking to PTI, SMP deputy chairman Samrat Rahi said that the scope of the MoU includes forming a joint working group to conduct a feasibility study, identify land for the project, and deliberate on financial models of partnership for the clean energy project here. The

NTPC soars 6%, hits new high on strong biz outlook; up 52% so far in CY23

NTPC is looking for opportunities to expand and diversify its business in new areas both domestically and globally by working in close coordination with the Indian and global energy community

India need subsidies to meet renewable energy targets: Energy Vault exec

Renewable electricity available at any time of the day and night "is sort of a holy grail," Piconi said. "It's not achievable with the current technologies, because they are not economical."

Sensex extends winning run into 11th day, gains 320 pts; Nifty nears 20,200

CLOSING BELL ON SEPTEMBER 15, 2023: The BSE Sensex hit a new life-time high at 67,927, and the Nifty registered a peak at 20,222 on Friday

Sensex rises 246 pts, Nifty holds 20,050 in broad rally; PSB index zooms 4%

Closing Bell on September 13, 2023:The gains were led by Bharti Airtel (up 2.7 per cent), Titan, Axis Bank, SBI, IndusInd Bank, Power Grid, NTPC, Tata Motors, Ultratech Cement, and Bajaj Finance

NTPC announces payement of final dividend of Rs 2,908.99 cr for FY 2022-23

State-owned power giant NTPC on Tuesday announced payment of Rs 2,908.99 crore final dividend for 2022-23. "This Final Dividend payment of Rs 2,908.99 crore constitutes 30 per cent of the paid-up equity share capital of NTPC Ltd," a company statement said. According to the statement, the total dividend disbursed for FY 2022-23 stands at an impressive Rs 7,030.08 crore, being 41 per cent of the profit after tax (PAT). This marks the 30th consecutive year in which the company has distributed dividends, underscoring its dedication to providing consistent returns to its investors, it added.

Expansion, value unlocking key triggers for power producer NTPC's stock

This would take the consolidated regulated equity base to Rs. 1.25 trillion by FY26 versus Rs. 94,180 crore in FY23

NTPC Green Energy, Nayara Energy ink pact to explore green hydrogen space

NTPC Green Energy Limited (NGEL) has entered into an agreement with Nayara Energy to explore opportunities in the green hydrogen space. The memorandum of understanding (MoU) was signed between NGEL CEO Mohit Bhargava and Nayara Energy Head-Technical Amar Kumar on Monday in the presence of other senior officials of both sides, NTPC said in a statement. "NGEL and Nayara Energy have entered into an MoU today to explore opportunities in the green hydrogen and green energy space," it said. NTPC Green Energy Limited is a subsidiary of energy major NTPC. This collaboration is in line with NTPC's initiatives to develop hydrogen projects in India and aligns with the government's vision of Atmanirbhar Bharat. NGEL CEO Bhargava said green hydrogen would be a crucial element of India's clean energy future, and with this partnership, the company will explore and implement cutting-edge technologies to produce green hydrogen. NTPC, under the Ministry of Power, is India's largest power utility h

NTPC, V O Chidambaranar Port Authority to develop green hydrogen hub in TN

NTPC Green Energy Ltd (NGEL) and V O Chidambaranar Port Authority (VOCPA) have joined hands to develop a green hydrogen hub at Tuticorin in Tamil Nadu. Both entities signed a Memorandum of Understanding (MoU) in this regard on Friday, NTPC said in a statement. Green hydrogen and its derivatives such as green ammonia and green methanol, will be produced at the hub to be built on the land provided by VOCPA. NTPC Group has a plan to build a renewable energy capacity of 60 GW by 2032 and is working on a pipeline of over 20 GW.

Power related stocks in demand; NTPC, PFC, REC, Tata Power rally up to 9%

The power sector in India, is on course for a long period of high growth and transformation which is visible in the increasing deployment of clean renewables.

BHEL bags order from NHPC for 2,880 MW Dibang multipurpose project

State-owned BHEL on Monday said it has bagged an order from NHPC for its 2,880 MW Dibang multipurpose project in Arunachal Pradesh. The order for the electro-mechanical (E&M) work for the project has been bagged against a stiff competition under international competitive bidding, BHEL said in a statement. It however did not share the order value. BHEL's scope in the contract includes design, engineering, manufacture, supply, erection and commissioning of the E&M package. Major equipment for the project will be manufactured at BHEL's plants in Bhopal, Bengaluru, Jhansi and Rudrapur while the execution activities on-site will be carried out by the company's power sector - eastern region division, Kolkata. BHEL is India's largest manufacturer of power generating equipment with an installed base of over 1,97,000 MW globally.

NTPC, Oil India ink pact to explore collaborations in renewable energy

State-owned entities NTPC and Oil India have entered into an agreement to explore collaborations in the areas of renewable energy, production of green hydrogen and its derivatives. The collaboration is also to pursue geothermal and other decarbonisation initiatives, NTPC said in a statement. The memorandum of understanding (MoU) was signed in the presence of NTPC CMD Gurdeep Singh and Oil India CMD Ranjit Rath on Thursday. "The MoU is for exploring collaboration in the areas of renewable energy, green hydrogen and its derivatives, geothermal and other decarbonisation initiatives. Further, it shall also facilitate knowledge and experience sharing on the upcoming decarbonisation technologies like carbon sequestration," it said. NTPC is aiming to achieve 60 GW of renewable energy installed capacity by 2032 and become a major player in the green hydrogen technology and energy storage domain.