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NTPC begins trial run of hydrogen bus in Leh, setting up fuelling station

State-owned power giant NTPC has started a trial run of a hydrogen bus in Leh. Towards achieving carbon-neutral Ladakh, NTPC is setting up a hydrogen fuelling station, solar plant and providing five fuel cell buses for operation on intracity routes of Leh, a company statement said. The first hydrogen bus reached Leh on August 17 as part of a three-month-long process of field trials, roadworthiness tests and other statutory procedures. This will be India's first-ever deployment of hydrogen buses on public roads, it claimed. The first-of-its-kind Green Hydrogen Mobility Project at 11,562 ft is co-located with a dedicated solar plant of 1.7 MW for providing renewable power. The fuel cell buses are designed for operation in sub-zero temperatures in rarefied atmospheres, typical to such altitude locations, which is a unique feature of this project. NTPC is committed to achieving 60 GW of Renewable Energy capacity by 2032 and be a major player in green hydrogen technology and energy st

IT, HDFC Bank, M&M send Sensex 202 pts down; Adani Ent gains 4%, RIL 1%

Stock Market LIVE: IT pocket led losses on the Sensex with HCL Tech, TCS, Wipro, Tech M and Infosys falling up to 1.2 per cent

NTPC signs agreement to hive off mining business to its subsidiary

State-owned power giant NTPC on Thursday inked a business transfer agreement (BTA) to hive off its mining business, comprising six coalfields, to its arm NTPC Mining Ltd. "NTPC Ltd and NTPC Mining Ltd (NML) have executed the BTA on August 17, 2023, in New Delhi. The BTA shall become effective upon completion of the conditions precedent mentioned in the BTA," a BSE filing stated. On July 29, 2023, the company informed the bourses about the approval of the Board of Directors of NTPC Ltd for hiving off its coal mining business, consisting of 6 coal mines, to its wholly-owned subsidiary NTPC Mining Ltd through a Business Transfer Agreement. The coal mining business, comprising 6 coal mines, and all related assets and liabilities are being hived-off from NTPC books to NML, it had said. The deal was approved by the Audit Committee and Board of Directors. The consideration of this transaction is Rs 7,794.99 crore, based on book value as per the Audited Financials as of March 31, 2023, ..

Arunachal transfers 11 Gw stalled hydropower projects to Central PSUs

The state govt signed MoA with three central PSUs - NHPC Ltd, SJVN Ltd and NEEPCO

Govt auctions 6 coal mines in seventh tranche; NLC, NTPC among winners

State-owned NLC India and NTPC along with three private players have bagged coal blocks in the seventh round of auctions which concluded with the sale of all six mines put under the hammer, an official statement said on Friday. While NLC bagged North Dhadu (Western Part) coal block in Jharkhand with 434 million tonnes of coal reserves, NTPC won the North Dhadu (Eastern Part) coal block, which has 439 million tonnes (MT) of coal reserves, the Ministry of Coal said in a statement. Private players Hindalco Industries bagged the Meenakshi West block in Odisha, which has 950 MT of coal reserves. Bajrang Power and Ispat Ltd won the Pathora East and Pathora West coal blocks in Madhya Pradesh with 110.40 MT and 81.69 MT of coal reserves, respectively. Nilkanth Coal Mining also bagged Sherband coal block in Chhattisgarh which has a reserve of 90 MT. "With the successful auctioning of these six coal mines, the total number of coal mines auctioned under commercial auctions now stands at 92,"

NTPC, Hindalco, Bajrang Power, Ispat bag coal mines in 7th auction round

NTPC, Hindalco Industries, Bajrang Power and Ispat bagged one mine each during the seventh round of coal auctions. NTPC Ltd bagged the North Dhadu (Eastern Part) coal block in Jharkhand, which has 439 Million Tonnes (MT) of coal reserves, the Ministry of Coal said in a statement on Wednesday. Hindalco Industries bagged the Meenakshi West block in Odisha, which has 950 MT of coal reserves and Bajrang Power and Ispat Ltd won the Pathora East Coal Block in Madhya Pradesh that has 110.40 MT of coal reserves. "Upon operationalisation, these coal mines will generate an annual revenue of Rs 450 crore calculated at PRC (Peak Rate Capacity) of these coal mines (excluding partially explored coal mines). The mines will attract capital investment of Rs 600 crore and will provide employment to 5,408 people," the ministry said.

NTPC arm 'NTPC REL' gets letter of award for 550 MW solar project

NTPC on Monday said wholly-owned NTPC REL has received a letter of award (LoA) for a 550 megawatt (MW) solar project. The project is to be executed within a period of 18 months and will require a capital investment of Rs 2,800 crore, NTPC said in a statement. "NTPC Renewable Energy Limited (NTPC REL) received the Letter of Award for 550 MW Solar Project at a tariff of Rs 2.56/kWh. The power will be utilised under a Government of India's scheme for flexibility in generation and scheduling of thermal power stations through bundling with RE capacity," it added. The statement did not provide further details of the project. With the allotment of this 550 MW capacity, NTPC REL will have to execute more than 2 GW RE capacity to fulfil the capacity won in TBCB (tariff-based competitive bidding) mode in Q1 2023 alone. As of date, NTPC Group has a 3.3 GW renewable energy (RE) operational capacity.

Another NTPC plant of 660-MW unit in Bihar begins commercial generation

State-owned power giant NTPC Ltd on Monday announced that a 660-MW unit of its plant at Barh, on the outskirts of Patna, has started commercial generation, which would result in an additional 396 MW electricity supply to Bihar. In a statement issued here, the NTPC also said this has resulted in an increase in the total commercial generation capacity of the plant from 1,980 MW to 2,640 MW. Bihar's allocation from the facility has thus risen to 1,922 MW from 1,526 MW from Monday, while the total allocation from all NTPC plants in the state has gone up to 7,287 MW from 6,891 MW. The NTPC also disclosed that the unit, which started commercial generation on Monday, had successfully completed the mandatory 72-hour full-load trial-run operation on June 30. "The fifth unit of the Barh plant, which would be the last of Stage-I, will be completed next year", the company said. According to the allocation fixed by the Union Ministry of Power, 396 MW will be supplied "to the home state of Bih

Stocks to Watch today, July 31: Adani Green, Maruti, Power Grid, NTPC, PEL

Stocks to Watch on Monday, July 31: Adani Green, Adani Transmission, GAIL India, Go Fashion (India), and Maruti Suzuki are among top companies due to report their Q1FY24 earnings today

NTPC consolidated net profit rises 23% to Rs 4,907 cr in June quarter

State-owned power giant NTPC on Saturday posted over 23 per cent rise in consolidated net profit at Rs 4,907.13 crore for June quarter 2023-24. In the year-ago period, net profit was Rs 3,977.77 crore, NTPC said in a BSE filing. Total revenue from operations dipped slightly to Rs 43,390.02 crore from Rs 43,560.72 crore in the same period a year ago. "NTPC Group generated 103.98 Billion Units in Q1 FY24 as compared to 104.42 Billion Units in Q1 FY23. NTPC's standalone gross generation in Q1 FY24 is 88.55 Billion Units as compared to 90.49 Billion Units in the corresponding previous period," it said. NTPC coal stations achieved a plant load factor (capacity utilisation) of 77.43 per cent as against the national average of 70.38 per cent during Q1 FY24. On a standalone basis, total income of NTPC in Q1 FY24 was Rs 39,681 crore as against Rs 40,726 crore earlier. Profit After Tax (PAT) on standalone basis was Rs 4,066 crore as against Rs 3,717 crore in Q1 FY23, registering an incre

NTPC hits over a decade high; reclaims Rs 2-trillion m-cap after Jan 2008

In the past two weeks, the stock of the state-owned power generation company has rallied 12 per cent

Stocks to Watch on July 7: Dabur, Titan, SBI Card, PSBs, Cipla, Sobha, IHCL

Stocks to Watch today, July 7, 2023: Titan Company has registered a 20 per cent year-on-year (YoY) consolidated revenue growth in Q1FY24

NTPC's captive coal mines production nearly doubles to 8.48 MMT in Apr-Jun

The production from captive coal mines of NTPC almost doubled to 8.48 million metric tonnes (MMT) in the first quarter of FY24, a statement said on Saturday. NTPC produced 4.27 MMT coal from its captive mines in Q1 FY23, the company said in the statement. The despatch of coal from its mines more than doubled to 8.82 MMT in Q1 FY24 from 4.17 in April-June FY23, it added. "This outstanding performance reflects NTPC's relentless commitment to enhancing coal production from its captive mines and ensuring efficient supply to meet the nation's energy needs," it said. To achieve sustained growth in coal production, NTPC has implemented a range of strategies and technologies. These include the adoption of rigorous safety measures, improved mine planning, equipment automation, workforce training and implementation of continuous monitoring and analysis systems. NTPC Ltd, under the power ministry, is India's largest integrated power utility, contributing 1/4th of the country's energy

22 companies place 35 bids for 18 coal blocks in commercial mining auction

Around 22 companies, including state-owned NTPC and NLC India and private player JSPL, have placed bids in the seventh round of coal auctions under which 103 blocks were put on offer, an official statement said on Wednesday. A total of 35 bids (both online and offline) were received for 18 coal mines under the latest round, the Ministry of Coal said in a statement on Wednesday. Of these 18 coal mines, nine are partially explored whereas the remaining mines are fully explored. The cumulative peak rated capacity (PRC) of the fully explored coal mines is 51.80 million tonne per annum (MTPA). 17 coal mines are non-coking coal mines whereas one mine is a coking coal mine. According to the Ministry, Jindal Steel and Power Ltd (JSPL), NLC India, Bajrang Power and Ispat Limited, Gujarat Mineral and Development Corporation (GMDC) and Bull Mining Pvt Ltd have bid for three blocks each. Hindalco Industries Limited, NTPC Mining and Sunflag Iron and Steel Ltd have bid for two coal mines each i

These 5 large-caps can deliver up to 15% returns despite market volatility

Shares of UltraTech Cement and Titan Company reached new historic peaks, while ABB India hit a new 52-week high on Friday

NTPC in a sweet spot; likely to be poised for leadership in renewables

Improving power demand, new capacity additions, high visibility over coal supply and electricity pricing, and attractive dividend yield augur well

Stocks to Watch on Monday, June 5: SBI Life, Hero Moto, Bajaj Finserv, NTPC

Stocks to Watch today, June 5, 2023: Brent crude related stocks could see considerable action today as oil prices jumped over 2 per cent overnight, and another 2 per cent Monday morning

Ohmium partners with NTPC to manufacture PEM to produce green hydrogen

Ohmium International (Ohmium) and NTPC have partnered to manufacture proton exchange membrane (PEM) electrolysers to produce green hydrogen in India. Ohmium is a leading green hydrogen company that designs, manufactures and deploys advanced PEM electrolysers. In a statement, Ohmium said, "Its India-based subsidiary has been selected as the PEM electrolyser partner of NTPC Renewable Energy Limited (REL), the renewable energy subsidiary of NTPC". The agreement is valid for two years till May 2025, the company added. Ohmium's advanced green hydrogen technology will be used by India's largest power company to decarbonise energy, transport and ammonia projects. "This green hydrogen opportunity is the largest-ever PEM electrolyser deal in India and one of the largest globally," Ohmium said. Ohmium's technology is expected to help NTPC deploy 5 GW of renewable energy for green hydrogen and ammonia production (forming part of NTPC's ambitious goal to deliver 60 GW of renewable energy cap

Inox Wind gets 150 MW wind energy project from NTPC Renewable Energy Ltd

Inox Wind on Tuesday said it has bagged a 150 MW wind energy project from NTPC Renewable Energy Limited (NTPCREL) in Gujarat. With this, the total orders awarded to Inox Wind from NTPC to date stands at 550 MW, the company said in a statement. Inox Wind has bagged the order for a 150 MW wind power project from NTPC Renewable Energy Limited. The project will be executed in the state of Gujarat, it added. Inox Wind CEO Kailash Tarachandani said as part of the order, his company will supply and install existing and new technology state-of-the-art wind turbine generators at the project site. Additionally, it will also be responsible for operation and maintenance (O&M) services for the project. Inox Wind Limited (IWL) is India's leading wind energy solutions provider, servicing independent power producers (IPPs), utilities, PSUs and corporate investors.

Stocks to Watch today, May 22: Adani Group, Realty, NTPC, Zomato, Zee Ent

Stocks to watch on May 22, 2023: The Rs 2,000 note withdrawal could have an impact ont the real-estate companies, believe Indian CEOs.