Over the past month, shares of NTPC Ltd have remained powerless, down about 7%. The company said last week that it added 1,320 megawatts (MW), which takes it closer to its annual capacity target of 5,000MW.
The fate of around 800 mw out of 1,200 mw of wind power auctioned by NTPC last year remains uncertain because the state-owned firm has not been able to get regulatory approvals.
Finance and power ministries are in advanced talks to merge smaller power companies with NTPC and NHPC, according to a report by ET NOW. Shares of NTPC were trading over 1 per cent down at Rs 122.80 after the report, while NHPC was trading 1 per cent up at Rs 23.80.
As part of India’s energy security efforts, state-run companies present in the conventional power space such as NTPC Ltd, NLC India Ltd (earlier known as Neyveli Lignite Corp. Ltd) ,and Power Grid Corp. of India Ltd (PGCIL) are being roped in to build massive green energy parks.
Engineering and manufacturing giant L&T Ltd today announced its power business has bagged a “significant” Engineering, Procurement and Construction order from NTPC to set up a Flue Gas Desulphurisation (FGD) system at Vindhyachal Super Thermal Power Station in Madhya Pradesh.
The central government has cancelled the joint allocation of a coal block in Odisha to state-owned NTPC and Jammu & Kashmir State Power Development Corporation. NTPC and Power Development Department, Jammu and Kashmir, had earlier requested the coal ministry for cancellation of the coal block.
National energy major NTPC is planning to set up an ultra-mega solar park in the Kutch region of Gujarat that will produce up to 5,000 mega watts and involve an investment of Rs 20,000 crore or more. “We are looking at setting up an ultra-mega solar park in the Kutch and also one in Rajasthan.
State-owned power giant NTPC on Saturday posted a 5.63 per cent rise in its consolidated net profit to Rs 2,840.28 crore in the June 2019 quarter.
An unprecedented ongoing strike resulting in the closure of as many as nine coal mines in Talcher Coalfields over 11 days threatens to cause major power crisis across several states.
NTPC, an Indian state-owned electricity generator, has opened bids to set up a 20 MW grid-connected floating solar project. It will be built at a reservoir that is part of the company’s Auraiya Gas Power Plant in the state of Uttar Pradesh.