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ntpc bounce
Posted by :
Guest
It is heard that NTPC would be raising 10K Cr. from the market. That would take the price to almost Rs.242/-.
Any confirmations....
I having 100 share of NTPC,can I hold?...
Now It is Turn of N T P C
Posted by : rvk41
State-run NTPC has asked the government for allocation of natural gas from RIL at a price of USD 2.34 per mmBtu, pending the outcome of its court case against the Mukesh Ambani-led firm on the issue.
Stating that it has requested Power Ministry to take up the issue with Oil Ministry subject to the outcome of court case, NTPC Chairman R S Sharma has sought necessary direction from the government for fuel supply at contracted price.
RIL in a 2004 NTPC tender offered to supply 12 million standard cubic meters per day of gas from its eastern offshore fields for 17 years at a price of USD 2.34 per million British thermal unit, but has refused supplies saying a firm contract was not concluded.
NTPC on the other hand says RIL`s acceptance of its Letter of Intent (LoI) was enough for the contract to be concluded. The matter is now before the Bombay High Court.
Sharma wrote to Power Secretary H S Brahma on November 17 that RIL has told the Supreme Court that KG D-6 field life was 11 years and gas could not be supplied to NTPC for 17 years.
As NTPC`s contract is for 17 years, RIL`s submission about availability of gas for 11 years only "has serious implications on the supply of gas to NTPC as per bid submitted by RIL and will go against NTPC`s interests," he wrote.
Sharma asked Power Ministry to request Empowered Group of Ministers for necessary direction for supply of gas to NTPC at "the price and terms of the contract with RIL" without prejudice to the ongoing case
For information,with regards
rvk41...
ntpc bounce
Posted by : Guestwatch out. fpo at 228/-. at 5 % discount to market. in jan....
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Posted by : NAUGHTY007we will c levels of 210 by monday...
Long term target
Posted by :
bijunm
thanks for your comment
Do you think that after FPO NTPC will fall below the 200...
NSE Announcements on NTPC
Posted by : MMB MessengerNtpc Limited has informed the Exchange that: "A Joint Venture Agreement has been executed on 19.11.2009 amongst NTPC Limited, Power Finance Corporation Limited, Power Grid Corporation of India Limited and Rural Electrification Corporation Limited for formation of a Public Limited Company to carry out and promote the business of Energy Efficiency, Energy Conservation and Climate Change. In this joint venture company, all the four promoters shall contribute 25% equity each"....
BSE Announcements on NTPC
Posted by : MMB MessengerNational Thermal Power Corporation Ltd (NTPC) has informed BSE that a Joint Venture Agreement has been executed on November 19, 2009 amongst NTPC Ltd., Power Finance Corporation Ltd., Power Grid Corporation of India Ltd. and Rural Electrification Corporation Ltd. for formation of a Public Limited Company to carry out and promote the business of Energy Efficiency, Energy Conservation and Climate Change. In this joint venture Company, all the four promoters shall contribute 25% equity each. ...
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Posted by : jaggihsThe entire FPO proceeds will be usurped by the govt with the company getting nothing. As the govt says, NTPC has enough cash and doesn`t need more. Price will likely go down after FPO, so wait till Jan, se the trend and then decide to hold on or dump....
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Posted by : jaggihsThe entire FPO proceeds will be usurped by the govt with the company getting nothing. As the govt says, NTPC has enough cash and doesn`t need more. Price will likely go down after FPO, so wait till Jan, se the trend and then decide to hold on or dump....
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Posted by : NAUGHTY007fpo in 13/2/10 sell before then...
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Posted by : NAUGHTY007dear mylo pl ur recco at proper place...
