With Maruti, Bharti, HUL and Idea all beating the Street, the mood in corporate India, if not actually, upbeat, is certainly better than it was a few months ago. There is, however, some despondency that goes with the realisation that the core of the economy remains in deep trouble; from Larsen &Toubro to NTPC and Ultratech to Sesa Sterlite, large chunks of industry continue to find the going tough.

NTPC, the largest thermal power producer in the country, registered a decline of 13 per cent in profit, owing to new tariff regulation.

The unaudited profit after tax stood at Rs 2,201 crore for the first quarter of financial year 2014-15, compared to Rs 2,527 crore in the corresponding quarter of the previous year.

NTPC Ltd, which operates three coal-fired power plants in Odisha with installed capacity of 3460 Mw, said it has no coal supply problems from coal miner Mahanadi Coalfields Ltd (MCL).

"We have enough stocks to run our plants. There is no coal supply issues as of now," said an official of NTPC looking after Odisha plants.

India's power supply situation, already under stress from peak summer demand, could worsen further as six NTPC plants with aggregate generation capacity of nearly 17,000 MW face a shutdown due to inadequate coal stocks.

Late on Monday, NTPC Ltd informed the Power Ministry that these coal-based plants — located in the northern, western and southern regions — have “reached at a critical level of coal sufficient only for less than two days”.

New Delhi: India’s apex power sector regulator Central Electricity Regulatory Commission (CERC) on 30 June rejected state-run NTPC Ltd’s representation to revisit electricity tariff norms applicable during financial years 2015-19.

NTPC, India’s largest power producer, had approached the Delhi high court to appeal CERC’s February order that revised the incentive structure for state-run power generation companies. The court had asked CERC to consider NTPC’s representation.

The World Bank has painted a bleak picture of the Indian power sector. It has put together worrisome findings in its report on the performance of distribution companies (discoms), state electricity regulators and central public sector undertakings (PSUs).

Key reforms mandated by the Electricity Act have not been implemented, corporatisation has been unable to shield utilities from state interference, regulators have not pushed utilities to improve performance and mounting regulatory assets have increased the discoms’ cash-flow problems, said the report More power to India: The challenge of distribution.

New Delhi: Country’s largest power producer NTPC Ltd has invited bids for construction of the 1,320-MW Khargone thermal project, estimated to cost Rs.7,000 crore.

Bids have been sought for EPC (Engineering Procurement and Construction) package for the Khargone super thermal power plant coming up in Madhya Pradesh. The plant would have two units, each having a generation capacity of 660 MW.

New Delhi: Inspectors from Anil Ambani’s electricity retailer BSES Rajdhani Power Ltd entered a village near New Delhi last week hunting for tampered meters. Residents responded by beating them with iron rods.

The team was also stoned in the 21 May incident, a police report shows. Inspectors who visited another village in 2012 were bound and urinated on, according to two company officials who asked not to be identified as the information isn’t public.

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