Andhra govt clears Rs 1.10 trn proposal of NTPC for new energy park

Public sector power generator NTPC is to set up a New Energy Park at Pudimadaka in Anakapalli district of Andhra Pradesh to produce products out of green hydrogen, green ammonia and green methanol at a cost of Rs 1,10,000 crore in two phases. An official release on Tuesday said the Andhra Pradesh State Investment Promotion Board (SIPB) cleared a series of investment proposals to establish several heavy industries in the State. NTPC will set up New Energy Park at Pudimadaka in Anakapalli district to produce products of green hydrogen, green ammonia and green methanol with a total investment of Rs. 1, 10,000 crore in two phases with each phase receiving an investment of Rs. 55,000 crore, the release said. The first and second phases with employment opportunities to 30,000 and 31,000 people would be completed by 2027 and 2032 respectively. The Accord Group would set up a Rs 10,000-crore factory at Ramayapatnam to make special minerals like copper cathode, copper rod, sulfuric acid an
07-02-2023

Lift 15-20% coal need via rail-ship-rail mode: PowerMin to Punjab utility

The power ministry has asked the Punjab power utility PSPCL to start lifting 15-20 of its domestic coal requirement through rail-ship-rail mode, while highlighting that the transport of dry fuel would be cheaper than the import of coal. The ministry in a letter to Punjab State Power Corporation Ltd (PSPCL) stated that the transport of fossil fuel using the rail-ship-rail (RSR) mode is though costlier than all rail route, it is cheaper than importing coal. "The matter was further discussed in the meeting....chaired by secretary power with states/gencos in which PSPCL (Punjab State Power Corporation Ltd) also participated...It was decided to operationalise the RSR plan from January, 2023 onward by NTPC and all the state Gencos having TPPs in Northern and Western part of the country," the power ministry said in a letter to PSPCL. Central and state gencos were also advised to plan to cover 15-20 per cent of their total domestic coal requirements using RSR mode. The ministry asked PSPCL
07-02-2023
Bigul

Bull-call spread on NTPC

As these options closed with a premium of 2.90 and 3.95 respectively, the strategy would cost 5,985 (or 1.05/lot)
04-02-2023

Subsidence-hit Joshimath area 15 km away from NTPC project: Power minister

Power Minister R K Singh on Thursday said the area of subsidence in Joshimath was 15 km upstream from the components of the Tapovan-Vishnugad hydropower project and there were no signs of sinking of ground around its tunnel alignment. In a written reply to a question in the Lok Sabha, Singh said land subsidence in Joshimath was "a very old issue" observed way back in 1976 and the M C Mishra Committee set up by the then state government listed "hill wash, natural angle of repose, cultivation area because of seepage and soil erosion" as probable causes for cracks in the Himalayan town. The minister said a multi-institutional committee set up by the state authorities in July last year had made no mention of NTPC Tapovan-Vishnugad hydropower project causing land subsidence in Joshimath. Singh said the construction for the Tapovan-Vishnugad project was started in 2006 after a detailed examination for environmental impact, geological, hydrological and seismic studies by the Geological ..
02-02-2023
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NTPC LTD. - 532555 - Corporate Disclosure Regarding Additional Charge Of Director (Fuel), NTPC To Director (Operations), NTPC

In line with the corporate disclosure requirement, we wish to inform that : Pursuant to Order No. 8/2/2022-Th.I dated 1st February, 2023 of Ministry of Power, consequent upon retirement of Shri Chandan Kumar Mondol (DIN: 08535016), Director (Commercial), NTPC Ltd. on attaining the age of superannuation on 31.01.2023 and creation of the post of Director (Fuel) after merging the post of Director (Commercial) with the post of Director (Finance), NTPC Ltd., the Competent Authority has decided that Shri Ramesh Babu V. (DIN:08736805), Director (Operations), NTPC Ltd. will hold the additional charge to the post of Director (Fuel), NTPC Ltd. for a period of three (3) months i.e. w.e.f. 01.02.2023 or till the regular incumbent joins to the post of Director (Fuel), NTPC Ltd. or until further orders, wherever is earlier. This is for your information and record.
01-02-2023
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NTPC LTD. - 532555 - Announcement under Regulation 30 (LODR)-Retirement

In line with the corporate disclosure requirement under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, we wish to inform that : On attaining the age of superannuation, Shri Chandan Kumar Mondol (DIN: 08535016) has ceased to be Director (Commercial) of NTPC Limited on 31.1.2023 (A/N). This is for your information and record.
01-02-2023
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NTPC LTD. - 532555 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript

In terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform that a conference call was held on 28 January 2023, wherein Management of NTPC Ltd. discussed the Company''s results for the quarter and nine-months ended 31 December2022 with the Analysts and Investors. Transcript of the above mentioned conference call is attached herewith and can also be accessed at: https://www.ntpc.co.in/en/investors/announcements/transcripts
31-01-2023

Buy NTPC; target of Rs 200: Emkay Global Financial

Emkay Global Financial is bullish on NTPC has recommended buy rating on the stock with a target price of Rs 200 in its research report dated January 29, 2023.
31-01-2023
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Q3FY23 Quarterly Result Announced for NTPC Ltd.

Electric utilities firm NTPC announced Q3FY23 results: Q3FY23 & 9MFY23: Standalone: Total income of NTPC for 9MFY23 is Rs 1,24,685.49 crore as against corresponding previous period total income of Rs 89,314.50 crore, registering an increase of 39.60%. Profit After Tax for 9MFY23 is Rs 11,524.41 crore as against Rs 10,663.69 crore in 9MFY22, registering an increase of 8.07%. Consolidated: Total income of the group for 9MFY23 is Rs 1,33,231.43 crore as against corresponding previous period total income of Rs 97,269.89 crore, registering an increase of 36.97%. Profit After Tax of the group for 9M FY23 is Rs 12,249.80 crore as against corresponding previous period PAT of Rs 11,760.78 crore, registering an increase of 4.16%. The Board of Directors has approved interim dividend for FY23 @42.50 % of paid-up share capital i.e. Rs 4.25 /- per equity share of face value of Rs 10/- each. Result PDF
31-01-2023

Robust Q3 sales, solid project pipeline, asset monetisation power rally in NTPC stocks

In the past two years, the stock has given 93 percent returns while in the past one year, the scrip has rallied 22 percent
30-01-2023
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