According to the Ministry of Power, in less than two years since its inception, NTPC Renewable Energy Limited has won 4 GW renewable energy capacity by bidding in various tenders
The power PSU in a statement said that NTPC Group has set a target of 60 GW renewable energy capacity by 2032.
The quarterly recapping of Nifty indices takes into account the changes in free-float market capitalisation (m-cap) of companies and realigns their weighting
Spread over a 480-acres reservoir, this floating solar project would generate electricity from more than 3 lakh solar PV modules
Apart from Adani, the other two names disclosed by CIL from its pre-bid meetings were contenders in the NTPC tender as well.
FM Sitharaman had allocated Rs 48,000 cr to PMAY (urban and rural) for FY23. The govt then extended the deadline for the rural by two more years, and may have to do the same for urban
CLOSING BELL: NTPC, Infosys, HUL, Wipro, and RIL slipped over 1 per cent each
Stocks to watch today: SBI and IDBI Bank have raised their interest rates on retail term deposits, subject to different tenors; LIC hiked stake in Hero MotoCorp to 11.2 per cent from 9.1 per cent.
The imported gas-produced electricity could cost Rs 22-23 per unit, pegged at about four-five times current tariffs
The completion of the project would usher in a new era of emission-free transport in and around Leh, it said, adding India would be among few countries to take a lead in this green mobility space.
The firm placed 6 tenders & received technical bids from 4 players - Ahmedabad-based Adi Tradelink, Chennai-based Chettinad Logistics, and Delhi-based Mohit Minerals Ltd along with Adani Enterprises
While Vedanta and NTPC were issued notices for delays in production of three blocks each, Birla Corp Ltd and Karnataka Power Corporation Ltd were given show cause notices for two blocks each.
Pure equity funds, such as large-cap equity funds, have given returns of just 6.77 per cent in the past year
The list includes generation units of state-owned NTPC, and privately owned units of Tata Power, Adani Power, CESC, Hindustan Power
CIL to import coal for states; working capital pressure worries IPPs
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