As work resumes on the Pakri- Barwadih mining project, opposition parties and local leaders are rallying behind villagers in their demand for higher compensation for land
NTPC had started acquiring 8,000 acres across 28 villages for mining in 2006
Company has paid a total dividend of Rs 1,995.28 crore to the Government of India for the financial year 2015-16
The power ministry is of the view that the tense situation at the work site is due to the continuous agitation by a group of people
This is being done due to excessive rains in the Northern Coalfields area during the last few days
The energy charge rate approved by CERC, is 20-31% lower than what was sought by NTPC
Singapore Stock Exchange unveiled The Global Masala Bonds Hub at the Exchange on Monday
Company will commence a roadshow for the new bonds in London, Hong Kong and Singapore
Gurdeep Singh said NTPC expects to produce about 107 million metric tonnes of coal per annum with several govt initiatives
Bids amounting to Rs 1,495 crore were received from 15 participants against issue size of Rs 500 crore
NTPC had raised $300 million with a 7.48 per cent annual yield with the new bond listing earlier this month
Total amount owed to NTPC is Rs 961 crore - Rs 695 crore & Rs 266 crore by BRPL and BYPL, respectively
Better-than-expected results will cushion stock price
Given that revenue growth is on the back of convincing operational factors such as improvement in plant load factor
According to a company official the rise in net profit has been due to increased generation and better ulilisation of its capacities
Bids amounting to Rs 1,250 crore received against NTPC's issue size of Rs 500 crore
State-run NTPC has received bids amounting to Rs 1,250 crore for its taxable secured non-convertible debentures issue of Rs 500 crore. "NTPC Ltd invited bids for its 62nd series of taxable secured non-convertible debentures today with bullet repayment after 10 years. Bids amounting to Rs 1,250 crore were received against issue size of Rs 500 crore," the company said in a statement. According to the statement, after creating pricing tension, coupon of 7.58 per cent per annum was achieved which was inside of corporate 10-year 'AAA' yield curve by 12 basis points and an amount of Rs 800 crore was allocated to successful bidders. The bidding was conducted on the Electronic Bidding Platform of National Stock Exchange under the guidelines issued by SEBI for adopting electronic book mechanism for issuance of debt securities on private placement basis. The proceeds of the issue will be utilized for capital expenditure. NTPC is rated 'AAA' by CRISIL, CARE and ICRA. The bond issue was also .
Proceeds to be used in developing renewable energy projects
NTPC's bond issue was described as the first-ever Indian quasi-sovereign to issue a Masala Bond
The notes, which are labelled green, will be issued out of NTPC's $4-billion medium-term note programme