18 stories mentioning NSE:NTPCUpdated 1d ago
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State-run power producer NTPC (NSE:NTPC, BOM:532555) said that the Indian government has extended the tenure of Chairman Gurdeep Singh by six months from Aug. 1.The Ministry of Power approved Singh's re-employment on a contract basis until Jan. 31, 2027, or until a regular successor assumes charge or further orders are issued, whichever is earlier, according to a Tuesday stock exchange filing.
NTPC (NSE:NTPC, BOM:532555) fixed Sept. 2 as the record date to determine shareholders eligible for a final dividend of 3.50 rupees per share for the fiscal year ended March, according to a Monday stock exchange filing.The state-owned power producer will hold its 50th annual general meeting on Aug. 27 via video conferencing and other audio-visual means.If approved by shareholders, the final dividend will be paid on or after Sept. 23, subject to applicable tax deductions at source.
NTPC (NSE:NTPC, BOM:532555) posted consolidated profit attributable to owners of 67.2 billion rupees for the fiscal first quarter, up from 60.1 billion rupees a year earlier.The Indian state-owned power producer's earnings per share came in at 6.93 rupees, up from 6.20 rupees a year earlier, according to a Friday exchange filing.Revenue from operations increased to 507.4 billion rupees from 470.6 billion rupees.
NTPC (NSE:NTPC, BOM:532555) said an 11 MW AC floating solar plant at the raw water reservoir of THDC India's Khurja Super Thermal Power Plant (STPP) has been declared on commercial operation, effective July 17, according to a same-day filing on Indian bourses.The company said the declaration follows successful commissioning and receipt of the required approvals. THDC India's total installed and commercial generation capacity now stands at 3,918 MW.Shares of NTPC rose over 1% at in early trade on Monday.
NTPC (NSE:NTPC, BOM:532555) approved an investment of 204.57 billion Indian rupees for the Lara Super Thermal Power Project Stage 3.The project comprises two 800-megawatt units, according to an exchange filing in India on July 11.
NTPC (NSE:NTPC, BOM:532555) said the first part of its 50.4 MW Vanki Wind Energy Project in Gujarat, India, has commenced commercial operations from July 8.The project is being developed by NTPC Renewable Energy, a step-down subsidiary of NTPC, according to a stock exchange filing. The addition increases the group's commercial capacity to 10,721.8 MW from 10,671.4 MW.
State-owned power producer NTPC (NSE:NTPC, BOM:532555) has incorporated a wholly-owned subsidiary in Mauritius named NTPC (Mauritius) Energy, according to a Friday filing to the Indian stock exchanges.The new entity aims to undertake the development of the proposed floating solar photovoltaic project with a battery energy storage system (BESS) and any power projects and other businesses related to the power sector in Mauritius.The company's shares were up nearly 1% in Monday's trade.
Fitch Ratings has affirmed NTPC's (NSE:NTPC, BOM:532555) long-term foreign- and local-currency issuer default ratings (IDRs) at BBB-, according to a statement issued on Thursday.The ratings agency has also kept the outlook for the state-owned power producer at stable.The agency has also affirmed the BBB- ratings on the company's $6 billion medium-term note program and the notes issued under the program."NTPC's Standalone Credit Profile (SCP) of 'bbb' is underpinned by its regulated business model that enjoys high revenue and profit visibility as long as its plants are available, irrespective of actual off-take and fuel price fluctuations," Fitch said.
New Delhi-based power producer NTPC (NSE:NTPC, BOM:532555) is considering using sub-critical coal plants that can operate at as little as 25% capacity to improve grid flexibility so more renewable energy sources can be accommodated, Bloomberg News reported Friday, citing an emailed statement from the company.The state-run firm is seeking vendors to build units of up to 250 megawatts each. The move comes as insufficient hydropower, gas-fired generation, and battery storage capacity increase dependency on coal-powered plants to balance intermittent renewable power, the report said.NTPC's thermal fleet already operates at a minimum load of 55% during periods of low demand to help accommodate solar energy, it said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Bharat Heavy Electricals (NSE:BHEL, BOM:500103) has received an EPC order worth 210 billion rupees from Meja Urja Nigam for the 3x800 MW Meja Supercritical Thermal Power Project Stage-II in Prayagraj, Uttar Pradesh, according to an Indian bourse filing on Friday.The scope covers "design, engineering, manufacturing, supply, construction, erection, testing and commissioning works," the filing said. The project is scheduled for completion within 70 months from the date of award, it added.Meja Urja Nigam is a 50:50 joint venture between NTPC (NSE:NTPC, BOM:532555) and Uttar Pradesh Rajya Vidyut Utpadan Nigam Ltd., according to the filing.Bharat Heavy Electricals shares fell nearly 1% in recent trade.
NTPC (NSE:NTPC, BOM:532555) and Uttar Pradesh Rajya Vidyut Utpadan Nigam (UPRVUNL) signed a supplementary joint venture agreement on June 4, for Meja Urja Nigam, according to a same-day filing on Indian bourses.Meja Urja Nigam is a 50:50 joint venture between NTPC and UPRVUNL.The agreement updates the joint venture framework to include capacity expansion at Meja Stage-II to 3x800 MW from 2x660 MW.NTPC shares fell nearly 2% in recent trade.
Indian equities rose on Tuesday, turning from four days of losses, supported by a robust end-of-day surge in major IT stocks and high hopes of successful U.S.-India trade negotiations.The BSE Sensex jumped 0.5%, or 382.5 points, to finish Tuesday's session at 74,649.84. Likewise, the NSE Nifty 50 climbed 0.4%, or 100.95 points, to 23,483.55.Investor sentiment improved on hopes of relief from US tariffs following talks between the two nations scheduled for June 2, 3, and 4, according to Business Standard.Additionally, IT heavy-weights led the day's gainers. Tata Consultancy Services (NSE:TCS, BOM:532540), Infosys (NSE:INFY, BOM:500209), and HCL Technologies (NSE:HCLTECH, BOM:532281) closed around 7%, 6%, and 4% higher on Tuesday.The top losers were NTPC (NSE:NTPC, BOM:532555), Axis Bank (NSE:AXISBANK, BOM:532215), and Power Grid Corporation of India (NSE:POWERGRID, BOM:532898), falling about 3%, 2%, and 1% at they day's close.In corporate news, Vedanta's (NSE:VEDL, BOM:500295) shares closed over 1% lower after India's financial investigation agency raided the mining company's premises over alleged foreign exchange violations.The searches were conducted to facilitate an investigation under the Foreign Exchange Management Act, First Post reported.
NTPC (NSE:NTPC, BOM:532555) has an average rating of buy and mean price target of 433.41 Indian rupees, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)
NTPC's (NSE:NTPC, BOM:532555) consolidated attributable profit rose to 104.9 billion Indian rupees in the fiscal fourth quarter ended March 31, from 76.1 billion rupees a year ago.Earnings per share climbed to 10.81 rupees from 7.85 rupees a year earlier, the state-owned power producer said in a filing to the Indian stock exchanges on Saturday. The EPS was higher than the 6.59 rupees estimated by analysts polled by Visible Alpha.Revenue from operations in fiscal Q4, however, declined to 496.9 billion rupees from 498.3 billion rupees a year ago.The company's board recommended a final dividend of 3.50 rupees per equity share of face value of 10 rupees each.
SPML Infra (NSE:SPMLINFRA, BOM:500402) has bagged an order worth 11.3 billion Indian rupees from power producer NTPC (NSE:NTPC, BOM:532555), according to a Wednesday filing to the Indian stock exchanges.The contract is to develop a 1 GWh battery energy storage system (BESS) at NTPC's Barauni Thermal Power Station in Bihar, India. The company will undertake the supply, civil works, and erection of the 250 MW/1,000 MWh BESS, comprising 5 MWh DC containers with battery management system and thermal management system, and all associated accessories.The project will be executed over 18 months period, followed by 15 years of operation and maintenance.The company's shares were up nearly 4% in recent trade.
NTPC (NSE:NTPC, BOM:532555) said 100 MW of capacity from its 176 MW solar photovoltaic project at Ramagundam, Telangana, has been declared on commercial operation, effective May 2, according to a Saturday filing on Indian bourses.Shares of the company increased nearly 1% in Monday's trade.This increased the total installed capacity of the NTPC group to 89,805 MW, while commercial capacity stands at 88,725 MW, the filing said.
NTPC (NSE:NTPC, BOM:532555) said 87.5 MW of solar capacity of a 150 MW project in Rajasthan has been declared on commercial operation, effective April 19, according to an Indian bourse filing on Friday.Shares of the company rose over 1% in Monday's trade.The capacity has been commissioned by a group company of NTPC Green Energy, the filing said.With this, the total commercial capacity of NTPC Green Energy group has increased to 10,363.90 MW from 10,276.40 MW, it added.
NTPC (NSE:NTPC, BOM:532555) said 150MW of solar capacity at a 300MW project in Rajasthan, India, has commenced commercial operations, effective April 18, according to an Indian bourse filing on Friday.It has been commissioned under Project Sixteen Renewable Power, a step-down subsidiary of NTPC's joint venture ONGC NTPC Green, the filing said.With this, the total commercial capacity of NTPC Green Energy group has increased to 10,276.40 MW from 10,126.40 MW, it added.
