State-owned power utility NTPC today reported a 5 per cent drop in its March quarter net profit to Rs 2,944.03 crore.

Net profit of Rs 2,944.03 crore, or Rs 3.57 per share, was 4.8 per cent lower than Rs 3,093.54 crore, or Rs 3.75 a share, in the same period a year ago, National Thermal Power Corporation Limited said in a stock exchange filing.

NEW DELHI: State-run generation utility NTPC is taking over the Raghunathpur project of DVC, once the powerhouse of the east with a capacity of 5,800 mw which has fallen into hard times and staring at financial dead end due to years of bad management.

Government sources told ToI power ministry has scheduled a meeting of NTPC and DVC managements on the terms and conditions for taking over the project located in Purulia district of Bengal.

KOLKATA: Nearly 15 months after West Bengal chief minister Mamata Banerjee announced handing over of 96 acres to NTPC for setting up a proposed 1,320 Mw power plant, the state government is yet to hand over land to the firm.

NTPC is also waiting for waiver of landholding ceiling to buy some 150 acres from villagers directly, with the result that the project has been delayed by at least five years already In February last year, Banerjee had announced handing over of the land to the power producer to speed up industrialisation in the state.

New Delhi: As part of the National Democratic Alliance government’s green energy push, state-owned NTPC Ltd will call for bids from solar project developers for buying 15,000 megawatts (MW) on behalf of the ministry of new and renewable energy (MNRE).

This is in addition to NTPC’s plans to set up 10,000 MW of solar power capacity on its own.

The Cabinet Committee on Economic Affairs (CCEA), led by Prime Minister Narendra Modi, on Wednesday approved the disinvestment department’s plan to sell stakes in Indian Oil and NTPC as part of the Centre’s Rs 41,000-crore divestment target for public sector undertakings. At current share prices, a planned 10 per cent stake sale in oil marketing company Indian Oil could fetch Rs 8,120 crore, while a five per cent stake sale in power producer NTPC could get the exchequer Rs 5,689 crore.

The Centre had last divested part of its stake in Indian Oil in March last year and in NTPC in February 2013.

NEW DELHI: The government is expected to provide a thrust to its ambitious disinvestment programme for the current financial year by clearing stake sale in over half-a-dozen companies including NTPC and IndianOil. The cabinet committee on economic affairs (CCEA) is expected to take a call on stake sale in these two companies on Wednesday.

Sources said the government is looking to sell 5% in NTPC and 10% in IndianOil, which could help mop up around Rs 14,000 crore based on current market price. Coal India too is back on the disinvestment radar although it is not clear if the 5% stake sale is on the agenda for Wednesday's meeting of CCEA.

After Indian Railway Finance Corporation (IRFC), state-owned NTPC is also considering raising funds through masala bonds, or rupee-denominated bonds issued in capital markets abroad.

An NTPC official said the company was planning to raise such bonds to part-finance its capital expenditure. Recently, the company’s board had approved a proposal to raise debt from foreign bond markets. “Depending on market conditions and requirement, the company will look at an offering of global rupee bonds soon, after the guidelines on this are notified,” the official said, adding discussions on the issue were in preliminary stages.

NEW DELHI: Country's largest power producer NTPC is planning to raise rupee denominated 'Global INR' bonds worth USD 1 billion to finance its capital expenditure.

NEW DELHI: Country's largest power producer NTPCBSE -0.18 % is planning to raise rupee denominated 'Global INR' bonds worth USD 1 billion to finance its capital expenditure.

State-owned National Thermal Power Corporation (NTPC) has denied any plan to step into the 4,000-mega watt (MW) Tilaiya ultra mega power plant (UMPP) in Jharkhand after Reliance Power pulled out of the project citing undue delays in acquiring land for the project.

NTPC has clarified that it was not interested in taking over the project contrary to the prevailing “wrong impression that NTPC is very keen to step into the Tilaiya project”.

The mega power project of the National Thermal Power Corporation (NTPC) coming up in Lara of Raigarh district had landed in trouble with people from nine villages resorting to agitation over rehabilitation.

Country's largest power producer, the NTPC is setting up a 5X800 MW Super thermal Power Project at Lara in Raigarh District of Chhattisgarh. The project is based on super critical technology. The coal requirement will be met from Talaipalli Coal Block of Mand Raigarh Coalfields.

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