Nov 20, 2012, 06.20 PM | Source: PTI
State-run NTPC today said the proposed coal block auction next year by CIL would be more successful if the the government secures all the requisite clearances before inviting bids.
"Environment clearances, land acquisition should be done beforehand, otherwise the companies may not be interested in bidding for those blocks," NTPC chief Arup Roy Choudhury said here today.
He said the geological reserves should be ascertained in advance and coal mining plan should be approved to attract more investors for coal blocks.
Fifty-four blocks are likely to be auctioned.
However, the Power Minister Jyotiraditya Scindia declined to comment on the issue of coal block auction.
"I do not want to comment on the coal block auction. My immediate action point is to ensure that we get in place the fuel linkages for 60,000 MW so that we can get those projects on line," he said here.
Roy also alleged that Coal India Ltd (CIL) is supplying inferior quality of coal to some of its thermal power stations.
"We have intimated that there is a difference in the calorific value of the coal which is stated by Coal India when they supply us the coal and what we are receiving at our stations," he told reporters here.
"We have not said anything about overcharging and this is an issue which has to be resolved, I am sure the (Power) Ministry is taking it up," he said.
He added that it is only happening at some locations, say from some mines in Uttar Pradesh.
GCV formula or benchmarking coal on the basis of its gross calorific value came into practice, in line with international practices, from January 1, 2012.
Prior to this the domestic coal was classified on the basis of UHV (useful heat value) into seven grades from A-G. UHV is based on ash and moisture contents for non-coking coals in line with the government's directive.
On the pooling of prices of coal, Choudhury said, "Pool pricing will affect my customer not me, as fuel prices are a pass through, so my customer has to agree to it."
NTPC stock price
On February 05, 2016, NTPC closed at Rs 124.70, down Rs 1.3, or 1.03 percent. The 52-week high of the share was Rs 164.70 and the 52-week low was Rs 107.20.
The company's trailing 12-month (TTM) EPS was at Rs 12.70 per share as per the quarter ended December 2015. The stock's price-to-earnings (P/E) ratio was 9.82. The latest book value of the company is Rs 99.03 per share. At current value, the price-to-book value of the company is 1.26.
Govt may announce incentives for solar projects in Budget
An inter-ministerial committee headed by the Depar
Expect a better Q4; UDAY scheme to aid growth: NTPC
Speaking to CNBC-TV18, Kulamani Biswal, Director F
NTPC: Investment approval of 1600 MW Telangana super thermal power project
NTPC Ltd has informed BSE that Board has accorded
Six in Sixty: Stocks you should keep on your radar
CNBC-TV18's Ekta Batra lists out stocks that you s
NTPC Q3 profit falls 19% to Rs 2,493 cr on lower revenue growth
Revenue declined 7.7 percent to Rs 17,413.3 crore
NTPC declares16% interim dividend
NTPC Ltd has informed BSE that the Board of Direct
States request Jaitley for early release of CST compensation
"We would urge upon the the Union Government to fu
Rupee slips from early gains, down 5 paise vs $ in late morning
The Indian unit resumed slightly lower at 67.85 pe