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NPCIL-NTPC joint venture to build 4,200 MW of nuclear power project

As per the earlier agreement signed on 27.4.2010, the equity holding pattern in Anushakti Vidhyut was to be 51% for NPCIL and 49% for NTPC

NTPC, NPCIL sign agreement for joint development of nuclear power plants

Joint Venture company to develop Chutka Madhya Pradesh Atomic Power Project of 2x700 MW and Mahi Banswara Rajasthan Atomic Power Project of 4x700 MW

State-owned NTPC arm gets 500 MW renewable energy project from REMCL

State-owned power giant NTPC on Thursday said its arm NTPC Renewable Energy Ltd (NTPCREL) has bagged a 500 MW renewable energy round-the-clock (RE-RTC) project. The work has been awarded by REMCL, which is a joint venture (JV) company of the Ministry of Railways and RITES Ltd, NTPC said in a statement. "NTPC REL, a wholly-owned subsidiary of NGEL which in turn is a subsidiary of NTPC Limited, received Letter of Acceptance for 500 MW RE-RTC power from REMCL," it said. The capacity has been won in a competitive bidding process for a total 900 MW RE-RTC on offer, NTPC said, adding a power purchase agreement (PPA) will be signed with Indian Railways for 25 years. Through a combination of solar and wind power, the project would supply round-the-clock green energy to REMCL. NTPC, under the Ministry of Power, is the country's largest power producing company.

Power stocks to stay charged as heat wave sweeps India, say analysts

Power distribution companies, such as Torrent Power, Tata Power, NTPC, and CESC, are expected to reap benefits of increasing power consumption

NTPC to build more coal plants this year to meet soaring power demand

The projects underscore how even as India sets ambitious long-term decarbonization targets, in the near term it will continue to rely on the dirtiest fossil fuel to meet rapidly growing power demand

NTPC to list green energy arm in FY24; strategic investment plan fails

Intends to raise over Rs 5,000 crore through IPO

NTPC mulls fresh offers for stake in green unit after top bidder pulls out

The fiscal year ended in March was expected to be a significant milestone for NTPC Green, the face of transition for the country's biggest coal consumer

Power giant NTPC to raise Rs 3,000 cr via non-convertible debentures

State-owned power giant NTPC on Wednesday said it has decided to raise Rs 3,000 crore by issuing non-convertible debentures on a private placement basis. "NTPC has decided to issue unsecured non-convertible debentures of Rs 3,000 crore on April 17, 2023, through a private placement at a coupon of 7.35 per cent per annum for a tenor of 3 years, maturing on April 17, 2026," a BSE filing said. The proceeds will be utilised for, inter alia, funding of capital expenditure, refinancing of existing loans and other general corporate purposes, it stated. The debentures are proposed to be listed on NSE. Debenture Trust Deed will be duly executed as per the requirements of and within the period of time prescribed under the Companies Act and rules specified therein. These debentures are being issued under the recommendation of board resolution on July 29, 2022, and subsequent approval obtained through shareholders' resolution on August 30, 2022. This is the second issue of debentures under t

India looking to merge hydropower units to create single company: Minister

NTPC, the country's largest power producer, acquired the two hydro companies -- THDC India Ltd (THDCIL) and NEEPCO -- three years ago for about $1.34 billion under a consolidation plan

Procurement via GeM crosses target of Rs 2 trillion on last day of FY23

On March 30, GeM completed five million transactions in a single financial year for the first time ever

Coal India's production touches all-time high of 700 million tonnes

Volume surpasses CIL's own output target, is up 12% over last year's figure

NTPC Renewable Energy to supply 1,300 MW clean power to Greenko

State-owned NTPC Renewable Energy will supply 1,300 MW round-the-clock clean power to Greenko's upcoming green ammonia plant at Kakinada. NTPC Renewable Energy Ltd, a wholly-owned subsidiary of NTPC Green Energy Limited, has signed a term sheet with Greenko ZeroC Pvt Ltd (A Greenko Group company) on March 28, 2023, to supply 1,300 MW round-the-clock RE Power for powering Greenko's upcoming green ammonia plant at Kakinada, a statement said. The term sheet was signed in the presence of Mohit Bhargava, CEO (NTPC Renewable Energy Ltd), Anil Chalamalasetty, founder and MD, Greenko and other senior officials from NTPC REL, it stated. The agreement between the two companies is one of the world's single largest contracts for the supply of round-the-clock renewable supply for an industrial client, it noted. The term sheet was signed by Rajiv Gupta, Chief General Manager, NTPC Renewable Energy Ltd and Mahesh Kolli, founder and Joint MD, Greenko Group, at the NTPC office here.

NTPC arm signs pact with Indian Army for setting up green hydrogen plants

NTPC Renewable Energy Ltd (NTPC REL), an arm of NTPC Ltd, has signed an agreement with the Indian Army for the implementation of green hydrogen projects in armed forces establishments. Under the MoU (memorandum of understanding) with the Army, a joint identification of potential sites would be undertaken for setting up of green hydrogen projects for supplying electricity, in a phased manner, NTPC said in a statement. "NTPC REL has signed an MoU with the Indian Army for setting up green hydrogen projects in its establishments on build, own and operate (BOO) model. The intent is to reduce complex logistics, dependence on fossil fuels and to accelerate decarbonisation," it said. NTPC REL is a wholly-owned subsidiary of NTPC Limited and currently it has a portfolio of 3.6 GW RE capacity under construction.

Stocks to Watch: Indian Oil, NTPC, HDFC AMC, Uno Minda, Sterling and Wilson

Stocks to Watch: RIL/ONGC/Oil India may be in focus as the windfall tax on crude petroleum has been reduced to Rs 3,500/tonne from Rs 4,400/tonne

NTPC signs agreement with IOCL to set up renewable energy projects

NTPC Green Energy Limited (NGEL) and Indian Oil Corporation Limited (IOCL) have inked pact for setting up of renewable energy projects to meet round-the-clock power requirement of IOCL refineries. The JV agreement was signed in the presence of Gurdeep Singh, Chairman and Managing Director of NTPC Limited and Shrikant Madhav Vaidya, Chairman of IOCL, among others. "The signing of this joint venture agreement between the two behemoths will enable NTPC Limited and IOCL to meet the government's clean energy targets in their respective core businesses," NTPC said in a statement on Monday. NTPC Ltd, through its wholly-owned subsidiary, NGEL, has set an ambitious target of building a renewable generation portfolio of 60 GW over the next decade to aggressively pursue its green energy business.

Stocks to Watch: Tata Consumer, NTPC, RVNL, GMR Airports, Havells, SKF

Stocks to Watch: Tata Consumer Products ceased negotiations with Bisleri for a potential acquisition. It said no definitive agreement or binding commitment has been signed on this matter

NTPC plant in Barh synchronises 4th unit, Bihar to get additional 405 MW

A 660-MW unit of the National Thermal Power Corporation's plant at Barh in Patna district was synchronised with the grid on Sunday morning, which is likely to result in supply of an additional 405 MW electricity for Bihar, a company official said. According to NTPC spokesman Vishwanath Chandan, the unit was successfully synchronised at 9.30 am. "The super critical based power project in Bihar has a total installed capacity of 3,300 MW with five units of 660-MW each. With today's development, we can look forward to the last unit becoming operational in 2023-24, Chandan said. The three units that became operational earlier are already successful in generation, and have been contributing over 1,600 MW electricity to Bihar, he said. "The successful synchronisation of the plant would pave way for commissioning of the unit prior to the declaration of commercial operation of the plant, he said. Under the synchronisation process, the plant was connected to the grid to see the load factor

Centre allows NTPC to invest over 30% of its networth in NTPC Green Energy

The central government on Friday allowed state-owned power giant NTPC to invest more than the ceiling of 30 per cent of its networth in its subsidiary NTPC Green Energy Ltd (NGEL). NTPC's net worth stood at Rs 1.28 lakh crore, as per its annual report for the financial year 2021-22. This assumes significance given the NTPC's ambitious target of 60 GW of renewable energy by 2032. Presently, the maharatna central public sector undertakings require approval of the Union Cabinet to invest an amount more than 30 per cent of its net worth. "Cabinet approves exemption to NTPC Ltd from the extant guidelines of delegation of power to Maharatna CPSEs for making an investment beyond the prescribed limit in NTPC Green Energy Ltd," an official statement said. It has also exempted NGEL's investment in NTPC Renewable Energy Ltd (NREL) and its other JVs/subsidiaries (joint ventures), subject to a ceiling of 15 per cent of its net worth beyond the monetary ceiling of Rs 5,000 crore to Rs 7,500 cror

More steam left in NTPC stock; to be key beneficiary of rising power demand

India's largest generator will be a key beneficiary of increasing power demand, access to coal supply and focus on renewable energy

NTPC, PFC: 5 F&O stocks see long OI build-up; Here's how to trade in them

Build-up of long OI in general indicates that traders are expecting the price of the underlying stock or index to gain in the near-term.