State-owned power producer NTPC Ltd (National Thermal Power Corporation Limited) said it would “take up legally” the arbitration tribunal’s order against it to shell out over Rs 2,000-crore to Jindal ITF in interest payments.

Jindal ITF is a subsidiary of Jindal SAW.

State-owned NTPC’s net profit inched up by 1% year-on-year (y-o-y) to Rs 2,385.4 crore in the three months ended December 2018 as country’s largest power generator showed signs of recovering from chronic coal supply woes plaguing the company since the beginning of 2017.

The company’s revenue increased 16% y-o-y to Rs 24,120.4 crore in the quarter as the average tariff at which NTPC sells electricity went up by more than 8% to Rs 3.47/unit. The power company generated 70 billion units of electricity in the period, 3.4% higher than the corresponding period last fiscal.

NTPC Ltd, the country's largest power generating utility plans to synchronise the 800 Mw unit of its 1600 Mw super thermal power station at Darlipalli, near Sundargarh, by March 2019.

“The turbine of the Darlipalli plant is ready. The boiler is expected to be completely fit for operations by February 10. We have already invested Rs 8,500 crore on the project whose total cost is pegged at around Rs 12,000 crore”, M P Sinha, regional executive director (East-II) said at a press conference here.

State-owned power giant NTPC on Friday said it has raised Rs 4,000 crore via bonds issued through private placement basis.

Bidding for the bond issue opened on Friday and it received an overwhelming response, the company said in a statement.

New Delhi: Half-a-dozen investors, including ReNew Power Ventures Pvt. Ltd and Macquarie Infrastructure and Real Assets , are interested in acquiring the ₹5,000- crore clean energy business of debt-laden Infrastructure Leasing and Financial Services (IL&FS), said one person aware of the development.

Public sector energy generation major NTPC Limited has planned to invest almost Rs 10,300 crore in Greenfield power plants in Uttar Pradesh.

These plants include a proposed 1,600 megawatt (Mw) (2x800) thermal power project at Shaktinagar (Singrauli) in Sonebhadra district of UP. This project is estimated to entail investment of Rs 9,000 crore, NTPC Regional Executive Director (North) Kamlesh Kumar Singh has said.

Buoyed by over 36 per cent of its procurement from micro and small enterprises (MSEs), power giant NTPC has pitched for their universal registration for supplies to all CPSUs in India.

“To promote ease of doing business for MSEs, NTPC Chairman Gurdeep Singh has proposed a single window registration for MSEs across CPSUs,” a senior company official told PTI.

The Centre will likely sell 3-5% stake in NTPC soon through the offer-for-sale (OFS) route to garner between Rs 3,500-6,000 crore. The roadshow for OFS was held on November 21-22 in Mumbai to gauge the investor appetite, an official said.

The share price of NTPC has been on the upswing for last few days partly due to its acquisition of the 720 MW Barauni Thermal Power Station from Bihar State Power Generation Company.

Shares of NTPC Ltd and Power Grid Corp. of India Ltd gained 1.7% and 3.7% on Monday after the sector regulator proposed continuation of current incentives. In a positive surprise, the draft note from the Central Electricity Regulatory Commission (CERC) suggests continuation of the 15.5% regulated return on equity (RoE) for generation and transmission companies.

Shares of state-run major NTPC surged in early trade Monday after global brokerage Jefferies said that the PSU will benefit from Central Electricity Regulatory Commission (CERC) latest decision. NTPC share price rallied 5.8 per cent to hit the day’s high at Rs 151.35. The CERC, in its draft, allowed energy charges per unit of power to be calculated with a variation of 85 kilocalorie to billing on actual gross calorific value of coal received, giving NTPC the benefit of about 2.7 per cent on its coal cost, Jefferies noted.

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