SBI Capital Markets, KPMG and EY are in the fray to advise on the acquisitions of Satluj Jal Vidhyut Nigam Ltd (SJVNL) and Power Finance Corp. (PFC) by NTPC Ltd and REC Ltd, respectively, said two people aware of the development.
Net profit of the state-run power producer was Rs 2,426 crore in the quarter, little changed from the year-ago period, according to its stock exchange filing. That compares with the Rs 2,577-crore consensus estimate of analysts tracked by Bloomberg.
The start of a biomass plant, which will convert paddy and wheat residue into bio-coal, has fallen four months behind schedule due to a delay in the shipment of a vital machinery from Europe.
For the financial year 2017-18, NTPC Ltd. has paid a final dividend of Rs. 1,970.67 crore, being 23.90% of the paid-up equity share capital of the Company. The RTGS advice for the transfer of Rs. 1,217.29 crore to Government of India
State-run power giant NTPC’s board has approved an investment of Rs 9,785 crore for the 1,320 MW Stage-III expansion of its Talcher thermal power plant in Odisha, a source said.
Writing for Mint last year, Prashant Jain, executive director and chief investment officer of HDFC Mutual Fund, said it was not easy to remain invested in equities for long periods. “Those who can simply sit still know its immense benefits,” wrote Jain.
The government is readying a roadmap to lower its stake in all central public sector enterprises (CPSEs) to 49% in three years, except for those operating in sectors of strategic importance such as defence and oil.
NTPC Ltd, India’s largest powergenerator, today announced Kandikuppa Sreekant has taken over as Director-Finance of the company with effect from 19 March.
NTPC Is Now A 52000 MW Plus Company; Commissions Third Unit Of 800 Me Kudgi Super Thermal Power Station
With the commissioning of Kudgi STPP, NTPC group’s capacity crosses 52000 mw.
India’s largest power generator NTPC Ltd. has commissioned 3rd unit of the 800 MW Kudgi Super Thermal Power Station with effect from March 12, 2018.
Amidst stiff international competitive bidding (ICB), Bharat Heavy Electricals Limited (BHEL) has won a Rs.11,700 Crore order for setting up a 3×800 MW supercritical thermal power plant in Jharkhand.