For the upcoming monsoon season, which is also the time when coal mining activity is reduced, NTPC is shoring up its own reserves
Stocks to Watch Today: Bharat Electronics, Data Patterns (India), SAIL and Zomato ahead of Q4 earnings on Monday.
State-owned power giant NTPC on Friday posted a nearly 12 per cent jump in consolidated net profit to Rs 5,199.51 crore in the March quarter, mainly on the back of higher revenues. The consolidated net profit of the company was at Rs 4649.49 crore in the quarter ended on March 31, 2021, according to a regulatory filing. Total income in the latest March quarter rose to Rs 37,724.42 crore from Rs 31,687.24 crore in the same period a year ago. The consolidated net profit climbed to Rs 16,960.29 crore in the last fiscal from Rs 14,969.40 crore in 2020-21. In the last financial year, total income rose to Rs 13,4994.31 crore from Rs 11,5546.83 crore in the year-ago period. NTPC's board has recommended a final dividend of Rs 3 per equity share for the 2021-22. This will be in addition to the interim dividend of Rs 4 per equity share for the paid in February 2022. The average power tariff of the firm was at Rs 3.98 per unit in 2021-22 as against Rs 3.77 per unit in 2020-21. The coal
CLOSING BELL: Dr Reddy's Labs, JSW Steel, Nestle India, Tata Motors, Tata Steel, Cipla, Adani Ports, L&T, RIL, Axis Bank, and SBI led from the front, rallying over 3.5 per cent each
Most large floats by the government have failed to create long-term wealth for investors
With this, the standalone installed and commercial capacity of NTPC has reached 54,616.68 MW
New investors are better off picking diversified offerings
The NTPC tender for the import of coal assumes significance in view of the ongoing dry fuel shortage at power plants
The ministry of power has asked government and private sector utilities to import 19 million tonnes of coal by the end of June
NTPC will this month award a contract to construct a 1,320-megawatt plant in Odisha
The statement assumes importance amid the ongoing power crisis when thermal plant are dealing with coal shortages and state utilities are opting for load shedding or power cuts
The locomotives will be manufactured at the company's facility in Jhansi, Uttar Pradesh
Expanding capacities, rising volumes and expectations of higher valuation for its renewables subsidiary have boosted sentiment
The BSE benchmark index tanked 1,291.93 points to 57,047 in morning trade after a weak opening
In the past one month, NTPC has outperformed the market by surging 22 per cent on expectation of strong power demand. In comparison, the benchmark index was down 1.3 per cent.
Significant rise in electricity consumption has pepped up the investors' interest at these counters.
India's top electricity producer NTPC Ltd's coal imports this financial year will be highest in 8 years despite near-record prices, as it looks to address domestic shortage, 2 senior officials said
NTPC is the premier energy utility of the country with an installed capacity of 69 GW, with a diversified fuel mix
The country's largest power producer recorded the maximum single-day generation of 1,215.68 MU (Group) and 1,013.45 MU (NTPC) during 2021-22
DVC will hold 49 per cent and NTPC Renewable will hold 51 per cent in the JV