NTPC, the largest state-owned power generator, posted an increase of 40% in its profit during quarter ending September 2015.

The unaudited profit after tax (PAT) for the Q2 of FY 2015-16 was Rs 2,898.28 crore as compared to the Rs 2,071.63 crore during same period last fiscal.

State-run NTPC's Vindhyachal Super Thermal Power Station (VSTPS) will become country's largest power generating plant on Friday with the commissioning of another 500 MW unit.

The unit of Vindhyachal Super Thermal Power Station (Stage V) will be declared on commercial operation from "00:00 HRS of October 30, 2015", NTPC Ltd said in BSE filing.

New Delhi: With the Reserve Bank of India (RBI) issuing the final guidelines allowing domestic companies to raise rupee-denominated overseas bonds, at least three financial institutions are preparing to raise money through this route.

India Infrastructure Finance Co. Ltd (IIFCL), Indian Railway Finance Corp. Ltd (IRFC) and NTPC Ltd are among the companies laying the groundwork to issue rupee-denominated bonds sometime early next year, according to officials at these institutions.

Markets have erased early morning losses and are trading in the positive zone led by buying in the information technology and consumer durables shares.

However, metal stocks are still reeling under pressure thus capping the upside.

New Delhi: State-owned NTPC Ltd, India’s largest power producer, has appointed consultancy firm KPMG to work out a new strategy to face the challenges of an evolving energy landscape marked by regulatory changes and an increasing government focus on renewable sources of power.

As part of the EXERCISE, KPMG will revise the NTPC Corporate Plan 2032, which lays down a roadmap for the state-owned power producer. This plan had been drawn up by Bain and Co. India Pvt. Ltd.

In a fresh setback to the government’s neighbourhood-first policy, Sri Lanka has asked India to change—for the second time—the location of a stalled $500 million power project to be built by state-owned NTPC Ltd.

The long-delayed 500 megawatt (MW) power project is part of India’s strategy to wield greater economic and strategic influence in South Asia by helping to develop infrastructure projects.

Government has embarked on global roadshows at four locations, including the US and the UK, to attract investments for its big-ticket stake sale in the country’s largest power producer NTPC and BEL that may fetch around Rs 6,600 crore to the exchequer.

Officials from the Department of Disinvestment (DoD), Power Ministry and NTPC are doing roadshows simultaneously in Singapore, Hong Kong, London and in the United States between October 5-10.

MUMBAI: Record investor response to NTPC's tax-free bond sales indicate that there is a growing belief that interest rates are headed southward. The state-owned corporation's issue was oversubscribed more than 10 times on its opening on Wednesday, suggesting that in turbulent times, state-backed bonds are investors' best bet.

The state-owned company received Rs 4,417 crore subscription against Rs 400 crore, the core issue size excluding an option to retain oversubscription up to Rs 300 crore, mandated earlier by the government. The company is likely to close the issue on Thursday.

New Delhi: State-owned NTPC Ltd plans to raise Rs.700 crore by selling tax-free bonds, giving it access to low-cost, long-term funds for its renewable energy plans.

India’s largest power generation utility had earlier raised Rs.300 crore through these bonds as part of a larger plan of the National Democratic Alliance (NDA) government to raise Rs.5,000 crore for renewable energy.

NEW DELHI: As many as 11 bidders including NTPC are in the fray on Wednesday for the Rs 298 crore government subsidy on offer for plants receiving inadequate domestic natural gas.

The power plants can use the subsidy support from the government to buy expensive imported LNG to make up for the fuel deficit.

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