State-owned power producer NTPC on Monday reported a 4% year-on-year increase in its standalone net profit at R2,369.53 crore during the April-June quarter on account of higher power production and better utilisation of coal-based power plants. Gross sales during the period was up 11.34% at R18,940 crore.

State-owned NTPC on Monday reported 4% rise in standalone net profit to Rs 2,369.53 crore for the first quarter due to increased power generation and better utilisation of coal-based plants.

The company's standalone net profit in the quarter ended June 30, 2015, was Rs 2,276.50 crore, NTPC said in a BSE filing.

Ranchi, Aug. 16: Chief minister Raghubar Das today expressed his willingness to go to Barkagaon, Hazaribagh, in some 10 days or so to declare a new land compensation package after a meeting with over 200 villagers and key stakeholders to end the acquisition deadlock around the three upcoming National Thermal Power Corporation (NTPC) coal mining projects amid growing politicised protests.

New Delhi: State-run NTPC Ltd., India’s biggest power producer, is seeking to terminate a long-term supply contract for imported natural gas as it says the fuel is too expensive to be used in power generation, according to people with knowledge of the situation.

The New Delhi-based electricity generator has written to state-run GAIL India Ltd., which supplies the fuel sourced overseas by its affiliate Petronet LNG Ltd., saying it’s become impossible to execute the contract as the company is unable to sell the power it generates from the fuel, officials from all three companies said who asked not to be identified, citing policy.

Power generator NTPC, with an installed capacity of 47,178 Mw, in a serious bid to maintain its 25 per cent market share, is aggressively pursuing thermal and solar power addition.

The thermal strategy is domestic coal-driven. Projects of 24,000 Mw, with an investment of Rs 1.5 lakh crore, are under various stages of construction. The company hopes to commission projects of 4,500 Mw capacity during 2016-17.

State-owned NTPC on Tuesday said it will strive to generate 248 billion units during the current financial year.

"NTPC...signed a Memorandum of Understanding (MoU) with Government of India for the year 2016-17...According to the signed MoU, NTPC shall strive to generate 248 billion units during the year under "excellent" category," the company said in a statement.

NEW DELHI: State-owned BSE -0.86 % has achieved savings of approximately 30 paise per unit - approximately Rs 550 crore per month - on account of coal rationalisation and reduction in imports of fossil fuel, Parliament was informed today.

"NTPC has achieved saving of approximately 30 paise per unit (approximately Rs 550 crore/month) due to rationalisation of coal linkage and reduction of imports," Power and Coal Minister Piyush Goyal informed the Rajya Sabha.

NTPC, the state-owned largest power producer in the country, has plans to build new units at existing plant sites and phase out the old ones.

The government wants to move away from modernisation of old power plants and instead encourage investment in new and efficient capacity.

The three 'Maharatna' public sector utilities (PSUs), NTPC, Coal India and Indian Oil, would form a special purpose vehicle (SPV) to revive three fertiliser units in UP, the Union Cabinet approved today.

These include two closed urea units of Fertilizer Corporation India (FCIL) at Sindri (Jharkhand) and Gorakhpur (Uttar Pradesh) and Barauni (Bihar) unit of Hindustan Fertilizers (HFCL).

Khadi and Village Industries Commission today said it has bagged a Rs 5.34 crore order from state-run National Thermal Power Corporation (NTPC).

"The power major has placed an order for 23,000 sleeveless jackets for its employees. The order would fetch KVIC a revenue of Rs 5.34 crore," KVIC said in a statement.

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