Buy NTPC; target of Rs 200: Sharekhan
Sharekhan is bullish on NTPC has recommended buy rating on the stock with a target price of Rs 200 in its research report dated March 01, 2023.02-03-2023
02-03-2023
NTPC transfers 15 renewable energy assets to NGEL for Rs 10,000 crore
Power giant NTPC on Tuesday said it has completed the transfer of 15 renewable energy assets to NTPC Green Energy Ltd (NGEL) for a consideration of Rs 10,066.99 crore. Besides, the company has transferred its entire stake in NTPC Renewable Energy to NGEL for Rs 731.17 crore, according to a regulatory filing. NTPC said it has completed the transfer of 15 renewable energy assets to NGEL, a wholly-owned subsidiary, through a business transfer agreement executed on July 8, 2022. The consideration for transferring the 15 assets was Rs 10,066.99 crore, it added. Further, the company completed the transfer of 100 per cent equity shareholding in NTPC Renewable Energy to NGEL through a share purchase agreement. The consideration for the stake transfer was Rs 731.17 crore and the pact was executed on July 8, 2022, as per the filing.28-02-2023
NTPC LTD. - 532555 - Disclosure Under Regulation 30 Of Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015
In continuation to our disclosure dated July 09, 2022, we hereby submit disclosure in terms of Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 that we have completed the transfer of : 1. 15 renewable energy assets to NTPC Green Energy Limited ('NGEL'), a wholly owned subsidiary of NTPC, through a business transfer agreement, executed on July 08, 2022. 2. 100% equity shareholding held in NTPC Renewable Energy Limited, a wholly owned subsidiary of NTPC, to NGEL through a share purchase agreement, executed on July 08, 2022. Copy of disclosure dated July 09, 2022 is enclosed.28-02-2023
NTPC LTD. - 532555 - Declaration Of COD Of First Unit Of 660 MW Capacity Of North Karanpura Super Thermal Power Station (3X660 MW)
First unit of 660 MW capacity of North Karanpura Super Thermal Power Station (3x660 MW) is declared on Commercial Operation w.e.f. 00:00 Hrs. of 01.03.2023. With this, standalone and group commercial capacity of NTPC will become 58979 MW and 71594 MW respectively.28-02-2023
NTPC pays Rs 4,121.08 crore as interim dividend to shareholders for FY23
State-owned NTPC Ltd has paid an interim dividend of Rs 4,121.08 crore to its shareholders for the financial year 2022-23. The dividend paid is 42.50 per cent of the paid-up equity share capital of the company, NTPC Ltd said in a statement on Friday. "NTPC Ltd has paid an interim dividend of Rs 4,121.08 crore today for the financial year 2022-23. This is the 30th consecutive year that NTPC Ltd has paid a dividend," it said. Under the Ministry of Power, NTPC is the largest power producer in India, which contributes 24 per cent of the total electricity produced in the country.24-02-2023
NTPC Green Energy to raise up to 9,000-crore loan
NTPC incorporated NGEL in April 2022 for consolidating its renewable energy businesses and aggressively pursue its sustainable energy plans21-02-2023
NTPC plans to raise up to $750 million term loan in JPY denomination
State-owned power giant NTPC plans to raise term loan of USD 750 million (about Rs 6,213 crore) in Japanese Yen (JPY) denomination to finance its capital expenditure on new and ongoing projects. The company has sought bids for the JPY loan, which is to be raised through External Commercial Borrowing route. According to a bid document, the term loan would be for USD 150 million with green shoe option of USD 600 million. It also stated that the proceeds of the loan will be utilised for capital expenditure for ongoing/new capacity additions programme, renewable energy projects, including hydro, coal mining and refinancing of existing ECB/Rupee loan availed domestically for CAPEX (capital expenditure) etc. The last date for submission of bids is March 1, 2023 and proposals would be opened the same day. NTPC is the largest power generating company in India. It occupies a dominant position in the domestic power sector with presence in the entire value chain of the power generation...15-02-2023
NTPC LTD. - 532555 - Declaration Of COD Of Third Part Capacity Of 50 MW Out Of 300 MW Nokhra Solar PV Project
Consequent upon successful commissioning, third part capacity of 50 MW out of 300 MW Nokhra Solar PV Project at Bikaner, Rajasthan, is declared on Commercial Operation w.e.f. 00:00 Hrs. of 16.02.2023. The first part capacity of 100 MW has already been declared on commercial operation w.e.f. 00:00 Hrs. of 20.12.2022 and second part capacity of 50 MW w.e.f. 30.12.2022. With this, standalone installed and commercial capacity of NTPC will become 58979 MW & 58319 MW respectively, while group installed and commercial capacity of NTPC will become 71594 MW & 70934 MW respectively.15-02-2023
Public procurement via GeM expected to cross Rs 2 trillion-mark in FY23
The largest order worth Rs 20,400 crore placed on GeM until now is by NTPC for mine development and operations services08-02-2023