State-owned power giant NTPC will raise Rs 2,000 crore through issuance of non-convertible debentures on a private placement basis on Thursday. The proceeds will be utilised for, inter alia, funding of capital expenditure, refinancing of existing loans and other general corporate purposes, according to a regulatory filing. The company has decided to issue unsecured non-convertible debentures of Rs 2,000 crore on August 25, 2022, through private placement at a coupon of 7.44 per cent per annum with a door-to-door maturity of 10 years, it added. The debentures are proposed to be listed on NSE.
The power ministry's plan to become an intermediary in the sale of green power generation to states is only a limited solution to the larger problem facing state discoms
State-owned power giant NTPC on Friday said it has started capturing carbon dioxide (CO2) from the flue gas stream at its thermal plant in Vindhyachal. "As part of its commitment towards Net Zero by 2070, NTPC Ltd, India's largest integrated power company has captured its first CO2 on 15th August 2022 from flue gas stream of 500 MW coal based power plant (Unit-13) at Vindhyachal Super Thermal Power Station (VSTPS)," a company statement said. According to the statement, this plant is designed to capture 20 tonnes of CO2 every day. This initiative will pave the way for scaling up CO2 capture technology and greening the coal power generation. At the same location, NTPC is also setting up a green hydrogen generation plant, which will use Proton Exchange Membrane Electrolyzers to produce 2 tonnes per day of hydrogen. Subsequently, 20 tonnes per day of captured CO2 and 2 tonnes per day of hydrogen will be utilised to produce 10 tonnes per day of green methanol through a heterogeneous ...
AEL, Adani Power, Adani Green Energy, Adani Transmission, Adani Total Gas, Adani Wilmar and Adani Ports and SEZ surged up to 4 per cent, as against 0.18 per cent decline in the S&P BSE Sensex.
CLOSING BELL: Bajaj Finserv (up nearly 6 per cent), Bajaj Finance, HDFC Life, Hero MotoCorp, Hindalco, Tech M, Bharti Airtel, BPCL, and HCL Tech were the top large-cap gainers
Stocks to Watch: ICICI Securities, Axis Capital and Citigroup Global Markets are among the 5 investment bankers selected to manage the sale of the government's 29.53% residual stake in Hindustan Zinc
"We hereby seek participation of Banks/FIs (Financial Institutions) for the subject RFP (Request For Proposal for raising Rs 5,000 crore term loan)," a document said.
Global green capital presents a multi-billion-dollar opportunity for Indian power sector giants such as NTPC and Tata Power to fund their clean energy transitions.
The official website, bseindia.com states that August 9 will be a market holiday, which would mean that there will be no trading in equity segment, equity derivative segment and SLB degment
The funds to be raised in one or more tranches (not exceeding 12) through private placement will be used as capital expenditure, working capital and for general corporate purposes
NTPC and Coal India had awarded import contracts to Adani
After long power outages owing to coal shortages over two years, the government and its principal producer have drawn up an integrated plan to preclude the annual seasonal supply dislocations
Stocks to Watch today: ITC, UPL, Zomato, Arvind, Bajaj Consumer Care, among others will release their Q1 earnings today.
Live news updates: Critics fear a repeat of the catastrophic inequity problems seen during the coronavirus pandemic
Under the leadership of the prime minister, the government has taken multiple path breaking initiatives in the power sector, the statement said
In the June quarter, NTPC's gross power generation was at 86.88 billion units compared to 71.74 billion units in the same period a year ago
Stocks to watch today: HDFC, Sun Pharma, and Cipla will report their June quarter results on Friday, July 29; Dr Reddy's saw 108 per cent YoY rise in consolidated net profit to Rs 1,187.6 crore in Q1.
State-owned power giant NTPC has inked a pact with Moroccan Agency for Sustainable Energy (MASEN) for cooperation in renewable energy.
Stocks to Watch Today: CEAT, Havells, IndusInd Bank, Mastek, OFSS, RIIL, Syngene International, Tata Communications and Wirpo to announce Q1 results on Wednesday.
Bharat Heavy Electricals Ltd. emerged as the lowest bidder to build the 1,320 megawatt project in the eastern state of Odisha