Page 9 - Ntpc

NTPC Green Energy urges Sebi to expedite approval for Rs 10K crore IPO

State-owned power generator also seeking leeway on certain listing regulations

NTPC Green Energy's Rs 10,000 cr IPO likely in November first week

NTPC Green Energy, a subsidiary of state-owned power giant NTPC, is likely to bring its initial public offering (IPO) to raise Rs 10,000 crore in first week of November, a source said. Last week, NTPC Green Energy had filed preliminary papers with capital markets regulator Sebi to raise Rs 10,000 crore through IPO. The highly placed source said the IPO is expected to be launched in first week of November this year. The company has planned roadshows in India (Mumbai) as well as abroad, especially in Singapore, the source informed. The initial share-sale is entirely a fresh issuance of equity shares with no offer-for-sale (OFS) component, according to the draft red herring prospectus (DRHP). The company said proceeds of the issue to the tune of Rs 7,500 crore will be used to repay or prepay part or all of its subsidiary NTPC Renewable Energy Ltd's (NREL) outstanding loans, while a portion will be utilised for general corporate purposes. The filing comes at a time when the country's

NTPC's prospects appear robust, barring seasonal impact in August

Regulated players, RE and hydro players seem more attractive from the valuation standpoint than merchant power players

NTPC hits all-time high after arm files draft papers for Rs 10,000-cr IPO

The surge in the NTPC share price came after the company filed Initial Public Offering (IPO) papers for its green energy arm, NTPC Green Energy Limited (NGEL).

India IPO frenzy continues as NTPC Green Energy plans $1.2 bn listing

The IPO boom comes as India's rapid economic expansion makes it a bright spot amid challenges facing peers such as China

India IPO frenzy continues as NTPC Green Energy plans $1.2 bn listing

The IPO boom comes as India's rapid economic expansion makes it a bright spot amid challenges facing peers such as China

NTPC Green Energy files draft papers for around Rs 10,000 crore IPO

Senior management of the company confirmed the development, but the spokesperson declined to comment

NTPC Green Energy files draft papers to raise $1.2 billion through IPO

The company, a unit of power producer NTPC, will only issue new shares, and existing shareholders will not sell any stake, the draft papers showed

Govt gives nod to NPCIL-NTPC JV for building nuclear plants in Rajasthan

The government has approved a joint venture between NPCIL and NTPC to build four 700 MWe nuclear power plants at Mahi Banswara in Rajasthan. The Department of Atomic Energy handed over the document approving the joint venture 'Anushakti Vidyut Nigam Limited (ASHVINI)'? to top officials of the Nuclear Power Corporation of India Limited (NPCIL) and the National Thermal Power Corporation (NTPC) on Tuesday, an official statement said. With this approval, ASHVINI has been authorized to build, own and operate nuclear power plants in India in accordance with the existing legal framework, the statement from NPCIL said. It said ASHVINI will be a subsidiary of NPCIL, which will have 51 per cent stake in the entity. The Mahi Banswara project of 4x700 MW Pressurised Heavy Water Reactors (PHWR) will be implemented by ASHVINI. The joint venture will pave the way for pooling resources in terms of finances and expertise for the rapid expansion of nuclear power capacity in the country to meet the

Suzlon secures India's largest wind energy order from NTPC Green

The 1,166 MW energy project will serve three million households upon completion

RRB NTPC 2024 notification out for 11,558 posts, registration to begin soon

The Railway Recruitment Board has released the official notification for the RRB NTPC Recruitment 2024. The recruitment drive aims to fill 11,558 vacancies

NTPC receives shareholders' approval to raise up to Rs 12,000 crore

State-owned power giant NTPC on Friday said it has got shareholders' approval to raise up to Rs 12,000 crore through issuance of non-convertible debentures (NCDs) on a private placement basis. "All resolutions proposed at the 48th Annual General Meeting were passed with requisite majority," the company said in a BSE filing. The board of directors of the company in its meeting held on 29th June, 2024 has approved the proposal and recommends the passing of the proposed special resolution (for raising up to Rs 12,000 crore in next 12 months), the AGM notice of NTPC had stated. The notice had further said that the company is under capacity expansion mode, and a major portion of its capital expenditure requirement has to be funded by debt. The approval of the shareholders is being sought to authorize the board of directors to make offer(s) or invitation(s) to subscribe to the secured/unsecured, redeemable, taxable/tax-free, cumulative/non-cumulative, non-convertible debentures (NCDs/bon

Indian power firms owed over $1 bn by Bangladesh amid financial turmoil

Five Indian power companies-Adani Power, SEIL Energy India, NTPC, PTC, and Power Grid Corporation of India-are collectively owed over $1 billion.

NTPC seeks shareholders' nod to raise Rs 12,000 cr via issuance of NCDs

State-owned power giant NTPC will seek shareholders approval to raise up to Rs 12,000 crore through issuance of Non-Convertible Debentures (NCDs/bonds) on a private placement basis in its annual general meeting on August 29. "The board of directors of the company in its meeting held on 29th June, 2024 has approved the proposal and recommends the passing of the proposed special resolution (for raising up to Rs 12,000 crore in next 12 months)," the AGM notice of NTPC stated. The notice further said that the company is under capacity expansion mode, and a major portion of its capital expenditure requirement has to be funded by debt. The approval of the shareholders is being sought to authorize the board of directors to make offer(s) or invitation(s) to subscribe to the secured/unsecured, redeemable, taxable/tax-free, cumulative/non-cumulative, non-convertible debentures (NCDs/bonds) up to Rs 12,000 crore in one or more tranches, it said.

Adani Power emerges top bidder for stressed KSK Mahanadi proj at Rs 27K-cr

KSK Mahanadi is currently undergoing insolvency proceedings at the National Company Law Tribunal (NCLT). Coal India, NTPC, Vedanta, JSW Energy were among the other bidders

NTPC Q1FY25 results: Net profit up 12% at over Rs 5,500 cr on higher income

State-owned NTPC on Saturday posted 12 per cent rise in consolidated net profit at Rs 5,506.07 crore for the June quarter, mainly on the back of higher income. In the year-ago period, its net profit stood at Rs 4,907.13 crore, the company said in an exchange filing. Total income rose to Rs 48,981.68 crore from Rs 43,390.02 crore in the same period a year ago. Expenses stood at Rs 41,844.18 crore against Rs 36,963.61 crore a year ago. NTPC's consolidated power generation rose to 114 billion units (BUs) in Q1 FY25 from 104 billion units in Q1 FY24. On standalone basis, the company reported a net profit of Rs 4,511 crore, around 11 per cent higher as against Rs 4,066 crore in the year-ago period. Total income was at Rs 45,053 crore as against Rs 39,681 crore in April-June 2023-24. The company's standalone power generation was at 98 billion units, higher from 88 billion units in the year-ago period. NTPC coal stations achieved a plant load factor of 80.39 per cent during Q1 FY25 as

Govt directs utilities to procure $33 bn equipment for coal power boost

The unprecedented move by the government will help add 31 gigawatts (GW) in the next 5-6 years

Buzzing stocks today, July 1: Auto, Tata Consumer, HDFC Life, NTPC, Pharma

Stocks to Watch, Monday, July 1, 2024: Shares of Bajaj Auto, Maruti Suzuki India, Tata Motors, M&M, among other automobile stocks will be in focus amid the announcement of June auto sales data

NTPC board to consider raising up to Rs 12,000 cr via bonds on Jun 29

State-owned power giant NTPC on Tuesday said its board on June 29 will consider a proposal to raise up to Rs 12,000 crore through the issuance of bonds. The board of directors is scheduled to meet in New Delhi on Saturday, June 29, to consider issue of "secured/ unsecured, redeemable, taxable/tax-free, cumulative/noncumulative, non-convertible debentures up to Rs 12,000 crore", subject to approval of shareholders in the ensuing Annual General Meeting, a BSE filing said. NTPC is India's one of the leading power-generating companies. Total Income of the NTPC group for FY24 was Rs 1,81,166 crore against Rs 177,977 crore in the previous year. The PAT of the group for FY24 was Rs 21,332 crore against the previous year's PAT of Rs 17,121 crore, registering an increase of almost 25 per cent. The company recently told analysts in a concall that it has various capital expenditure projects such as ongoing projects and new capacity addition programs including Flue Gas Desulphurisation (FGD) ..

Jakson Green bags NTPC bid for project to produce 4G ethanol from flue gas

New energy transition platform Jakson Green on Wednesday said it has bagged an order from state-owned NTPC for setting up a plant to produce 4G ethanol from flue gas. The proposed plant at Lara in Chhattisgarh will produce 10 tonnes per day (TPD) of 4G ethanol from flue gases emitted from power plants, a company statement said. Using the latest carbon capture technology by Veolia Carbon Clean, the plant will capture 25 TPD CO2 from flue gases, significantly reducing greenhouse gas emissions, it said. Also, 3 tonnes per day of green hydrogen will be generated through 7.5 MW electrolyser, the statement said. Captured carbon dioxide (CO2) and generated hydrogen (H2) are combined via advanced microbial fermentation technology from LanzaTech Inc., converting these inputs into 4G ethanol, it explained According to the statement, Jakson Green has been awarded a critical role in India's groundbreaking project towards a greener future, establishing the world's first flue gas CO2-to-4G etha