Shares of utility companies were in focus after a global research firm gave its views on the sector.
The company had started work on a waste-to-energy project in Badarpur early this year. The Rs 300-crore plant would have the capacity to process 400 tonne garbage per day.
Power generation major NTPC Ltd will complete the takeover of the first phase of Chhabra Thermal Power Plant (1,000 MW) of Rajasthan government in ‘a month or two’ at an estimated cost of Rs 4,000 crore, a top company official said on Tuesday.
NTPC announced that 40 MW out of 50 MW of Rojmal Wind Energy Project of NTPC in Gujarat has been commissioned.
India’s National Thermal Power Corporation (NTPC) currently has 433 MW of solar PV power plant projects under implementation, which are expected to be completed in Q4 of 2017 or Q1 of 2018.
State-run power giant NTPC today said it has offered 2.74 crore equity shares to its employees at a discounted price of Rs 159.60 per scrip.
New and Renewable Energy Development Corporation (NREDCAP), which is promoting green energy on a massive scale was instrumental in producing 1,460 MW of wind power and 457.9 MW of solar power by the end of 2016-17 financial year.
Coal stocks at thermal power plants across the country have dropped to alarmingly low levels. Private power companies are the worst-hit, as state-run NTPC, under government patronage, is getting out-of-turn supplies.
State owned thermal power giant, NTPC saw its generation surge by 12.55 per cent in August 2017, over same period last year. The total generation for the month was 22.347 billion units as against 19.855 billion units, said NTPC in a public statement.
The government has raised Rs 9,000 crore through a share sale in power utility NTPC. The investor demand for the offer for sale (OFS) fell short as the centre had put on block a total of Rs 13,800 crore worth of shares.