NTPC is India’s largest energy conglomerate built in 1975 to accelerate power development in the country. It has since established itself in fossil fuels, hydro, nuclear and renewable energy. To strengthen its core business, the corporation also diversified into the fields of consultancy, power trading, training of power professionals, rural electrification, ash utilisation and coal mining. Total installed capacity of the company is 67,907.5 MW (including JVs). Its own stations include 24 coal based, 7 gas based, 1 Hydro 1 Wind 13 Solar and 1 Small hydro plant. Under JVs, NTPC has 9 coal based, 4 gas based and 13 renewable energy projects. The capacity will have a diversified fuel mix and by 2032, non-fossil fuel based generation capacity shall make up nearly 30% of NTPC’s portfolio. Among the 10 Maharatna CPSEs in India, NTPC launched its IPO consisting 5.25 percent fresh issue and 5.25 percent offer for sale in October 2004. The government currently holds 51.10 percent equity share capital in the company after subsequent public offers and divestment. In 2019, NTPC is recognised as “Laureate” for consistently ranking among “Top 50 Best Companies to Work for in India” for the last 11 years in the Great Place to Work and Economic Times survey. Besides, NTPC was also recognized as the best among PSUs and in Manufacturing. More
The power generator is riding on the back of stable earnings and better demand along with its increasing footprint in the renewable space
Meanwhile, NGEL) and UPRVUNL signed a MoU in Lucknow on June 1 to collaborate in the development of renewable energy (RE) parks and projects.
The 150 MW turnkey wind power project order is to be executed in Gujarat. It takes Inox Winds’ total project awards from NTPC to 550 MW
The company intends to spend Rs 85,000 crore in the next seven years under its recently unveiled ‘Strategy 2.0’ initiative, wherein it aims to increase its generation capacity to 20 GW and energy storage of 40 GWh/5GW by 2030.
Sharekhan is bullish on NTPC has recommended buy rating on the stock with a target price of Rs 200 in its research report dated May 19, 2023.
The country’s coal stock situation continues to be “manageable” as of now, according to the data.
This comes more than a month after Malaysia's Petroliam Nasional Berhad (Petronas) withdrew its offer for a 20 percent stake in NTPC Green Energy Ltd.
NTPC said consolidated revenue rose 19 percent YoY at Rs 44,252.92 crore. Revenue from generation and other segments also grew at a healthy pace, contributing to a decent sales growth.
Overall income grew to Rs 44,745.74 crore in the quarter, up from Rs 37,724.42 crore the corresponding quarter previous year.
The MoU is a step for decarbonising HMEL's Guru Gobind Singh Refinery (GGSR) .
The market will monitor the NTPC management’s commentary on commercial capacity addition and the timeline for the monetisation of stake in the renewable asset subsidiary
PSU banks, capital goods, utilities and power stocks – these are the core economic related stocks that are likely to do much better going ahead
Industry experts said there has to be substantial order pipeline volume for original equipment manufacturers (OEM) such as the wind turbine maker to consider entering offshore wind markets in India.
In the past five years, the northeastern state has increased solar power energy from 4.07 MW to 7.21 MW with the government trying hard to increase renewable energy in a big way.
Last year, the peak demand that was met on May 8 was 198 GW and the deficit was 754 MW.
India will continue to expand its coal production capacity by opening new mines and enhancing the existing ones, Amrit Lal Meena, coal secretary, said.
The power demand is likely to further climb this week as the India Meteorological Department says heatwave is likely to make a comeback in most parts of India after days of pleasant weather.
Of the 165 domestic coal-based thermal power plants in the country, only 29 had critical stocks as on May 7.
Of the 165 domestic coal-based thermal power plants in the country, 34 had critical stocks. Last year at this time, the number of such plants was around 96.
Named Maitree Super Thermal Power Plant, the project will have two units of 660 MW each and is located in Bagerhat, Bangladesh.
NTPC recorded a coal production of 23.2 million tonnes in FY23, witnessing a 65 percent growth against 14.02 million tonnes a year ago from its four operational coal mines -NTPC Pakri-Barwadih (Jharkhand), NTPC Chatti Bariatu (Jharkhand), NTPC Dulanga (Odisha) and NTPC Talaipalli (Chhattisgarh).
Extension on the scheduled date of commissioning of solar or hybrid projects will be examined on a case-by-case basis. If found that adequate measures such as land acquisition or placing orders for modules have not been done as yet, then the entire project will be liable for cancellation, the MNRE stated.
Coal despatch at 2.95 MMT in April 2023 over despatch volumes of 1.23 MMT achieved in April 2022 was the highest ever.