Despite a lacklustre year for the power sector, the NTPC stock has managed to outperform the BSE Sensex year-to-date, much to the surprise of the Street. The September quarter results posted by NTPC gave a leg-up to the stock.
Directorate of Revenue Intelligence (DRI) is investigating cases related to over invoicing of coal imported from Indonesia and supplied to power plants of state-run NTPC, Parliament was informed today.
In response to the Delhi government's decision to shut down the NTPC Badarpur thermal power plant, the Union power ministry said it wasn't communicated or consulted for the same and the city government can go ahead after paying the fixed cost.
At a time when SunEdision's bid for NTPC's 500 megawatt (Mw) project in Andhra Pradesh, has raised doubts about the viability among industry sources, the US-based renewable major said that this project is markedly different from the past solar tenders in
Some of India's most indebted infrastructure and steel groups are considering so-called masala bonds to diversify their funding options as local banks tighten lending, investment banking sources with direct knowledge of the situation said.
At least 10 of the 18 buyers, who had signed power purchase agreements (PPAs) to procure power from Reliance Power's 4,000-megawatt (Mw) ultra mega power project (UMPP) at Tilaiya, have agreed to terminate the PPAs with the Anil Ambani-led company.
Pushing for investments and growth, government on Friday reviewed the capital expenditure programme of state-owned companies and impressed upon them to complete projects in the remaining part of the fiscal.
The Union power ministry appears to have cast its net wide to select the best global talent to head NTPC Limited — India’s largest power producer, in which the government owns a stake of around 75 per cent.
NTPC, the country’s largest power generator, posted a 40 per cent increase in profit at Rs 2,898 crore for the quarter ending September, compared to Rs 2,072 crore during same period last financial year.
NTPC, the largest state owned power generator, posted an increase of 40% in its profit during quarter ending September 2015. This comes after its income and profit had declined in the first quarter due to weak power demand.
Spread over some 1,700 acres in the Ratnagiri district of Maharashtra, the Dabhol power project has worked only intermittently ever since its American promoter, the erstwhile Enron Corporation, left it in a jam in 2001.It has been in the custody of