The company's total income slipped to Rs 22,545.61 crore in the March quarter from 23,617.83 crore year ago. Expenses also decline to Rs 19,008.44 crore in the quarter from Rs 20,229.26 crore.
The proceeds will be utilised to meet capital expenditure requirements, working capital needs, existing loans refinancing and other general corporate requirements.
The company earlier in the day had announced that unit-I of its Gadarwara Super Thermal Power Station will begin commercial operation from midnight on April 29
The Meja Urja Nigam was incorporated on April 2, 2008 with UPRVUNL (Uttar Pradesh Rajya Vidyut Utpadan Nigam Ltd).
NTPC is trading at 1.2 times its estimated FY20 book value, which is reasonable
Net Sales are expected to increase by 5.9 percent Y-o-Y (up 1.4 percent Q-o-Q) to Rs. 24,462.3 crore, according to Kotak.
The projects that have been selected for installation of low NOx combustion systems includes super thermal power station at Mouda, Sipat, Vindhyachal, Simhadri, Vallur and Talcher.
'A term loan agreement for Rs 2,000 crore was signed with Canara Bank on April 5, 2019. The loan facility is extended at an interest rate linked to 3-Month MCLR of the Bank,' an NTPC statement said.
The plant, with an installed capacity of 4,760 MW, was able to surpass its previous best of 37,496 MUs generated in 2017-18 through enhanced operational efficiency, a company statement said.
"We wish to inform that pursuant to change in procedure for capacity addition notified by Central Electricity Authority, first unit of 800 MW of Gadarwara project (2x800 MW) has been added to total installed capacity of NTPC," NTPC said in a filing to BSE.
Addressing a media conference here, Group General Manager of NTPC's Simhadri plant, A R Maiti, said it was also setting up a flue-gas desulphurisation plant (FGD).
Unit-1 of 660 MW of Solarpur project has already been commissioned. The project has two units of 660 MW each.
The MTNs are also known as bonds in the overseas markets. The issue would close on April 3. The funds raised through this issue will be used for capital expenditure by the company.
Bongaigaon power plant is the first project of NTPC in the Northeast.
ICICI Direct recommended hold rating on NTPC with a target price of Rs 123 in its research report dated March 19, 2019.
The power sector reforms will benefit state utilities and remove uncertainty over their returns and cash flows.
The project, NTPC said, is in line with the government's Swachh Bharat Mission, promoting a healthy environment through proper waste utilisation.
NTPC has completed a breakout of an inverse Head and Shoulders pattern with a neckline at 152.
NTPC has signed a Memorandum of Understanding (MoU) with Hazipur-based East Central Railway Zone for transportation of fly ash under Indian Railways' Special Freight Train Operator (SFTO) scheme.
The proceeds from the ETF sale will help the government move towards meeting the Rs 80,000 crore disinvestment target set for the current fiscal.
Currently, coal for merchant mining is not allowed to the private sector and the only available route for them to enter the sector is through the mine developer-cum-operator route.
All those insolvency deals so far in the NCLT have got discounts of up to 70 percent or even more from secured creditors.
Arihant Capital is bullish on NTPC has recommended buy rating on the stock with a target price of Rs 178 in its research report dated January 31, 2019.
ICICI Direct recommended hold rating on NTPC with a target price of Rs 147 in its research report dated January 31, 2019.