Key Developments: NTPC Ltd (NTPC.BO)

NTPC.BO on Bombay Stock Exchange

122.15INR
23 Apr 2014
Price Change (% chg)

Rs-1.85 (-1.49%)
Prev Close
Rs124.00
Open
Rs123.80
Day's High
Rs123.95
Day's Low
Rs121.80
Volume
275,625
Avg. Vol
555,315
52-wk High
Rs162.80
52-wk Low
Rs110.90

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Latest Key Developments (Source: Significant Developments)

NTPC Ltd to take over Lakhisarai Bijlee Company Private Limited from Bihar State Power Generation Company Limited
Tuesday, 25 Feb 2014 07:54am EST 

NTPC Ltd:Memorandum of Understanding has been signed amongst Bihar State Power Generation Company Limited (BSPGCL), NTPC Limited and Lakhisarai Bijlee Company Private Limited (LBCPL), a wholly-owned subsidiary of BSPGCL, on Feb. 22.To take over LBCPL by NTPC after contributing 74 pct of share of investment divested by BSPGCL for setting up Lakhisarai Thermal Power Project (2X660 MW) near village Kajra, District Lakhisarai, Bihar under joint venture route.  Full Article

NTPC Ltd declares interim dividend
Tuesday, 28 Jan 2014 08:40am EST 

NTPC Ltd:Says it has recommended interim dividend of 4.00 Indian Rupees per equity share (face value of 10 Indian Rupees each) for the financial year 2013-2014.Says date of payment / dispatch of dividend shall be Feb. 10.  Full Article

NTPC Ltd announces tax-free bond issue - Business Standard
Wednesday, 27 Nov 2013 03:24am EST 

NTPC Ltd:Says its bond issue to raise up to INR17.50 billion will open on Dec. 3 and is scheduled to close on December 16 - Business Standard.Says under the offer, the company will issue tax-free secured redeemable non convertible bonds.Says the funds raised would be utilized towards funding of capital expenditure and refinancing for meeting the debt requirement in on-going projects.Says the lead managers to the issue are ICICI Securities, A K Capital Services, Axis Capital, SBI Capital Markets and Kotak Mahindra Capital Company.  Full Article

NTPC Ltd Seeks SEBI Nod To Raise Tax Free Bonds Worth INR17.50 Billion - Business Standard
Wednesday, 20 Nov 2013 04:12am EST 

Business Standard reported that NTPC Ltd has sought market regulator SEBI'S approval to raise up to INR17.50 billion through tax free bonds in the current financial year.  Full Article

NTPC Ltd And Coal India Ltd To Sign Fuel-supply Agreements-The Economic Times
Tuesday, 25 Jun 2013 04:33pm EDT 

The Economic Times reported that NTPC Ltd has resolved its public spat with Coal India Ltd over quality and payment terms, and agreed to sign fuel-supply agreements with the state monopoly a year after the deal was first offered. NTPC's board has approved the fuel pact, setting the stage for other firms to sign similar agreements. Many producers were waiting for NTPC to resolve the issues with Coal India, because the state utility, being a large customer, has much stronger negotiating power than others. Coal India's board is now scheduled to consider the fuel pact on June 26, 2013, after which the final agreement will be signed, company executives said.  Full Article

NTPC Ltd Scraps Bond Sale After Sell Off In Government Bonds-Business Standard
Thursday, 20 Jun 2013 02:43am EDT 

Business Standard reported that NTPC Ltd scrapped its bond sale scheduled for June 20, 2013 after a sell off in government bonds caused worries about the pricing of its debt, four sources with direct knowledge of the bond sale said. The firm was planning to raise up to INR10.00 billion through an issue of dual tranche bonds. Trading in government bonds was halted earlier in the day after yields hit their upper circuits on a global riskoff following the Federal Reserve's comments on tapering of its stimulus programme. The trading band has subsequently been removed for the day.  Full Article

Coalmin Slaps Show Notices On 12 Firms Including NTPC Ltd And Steel Authority of India Ltd-Business Standard
Tuesday, 11 Jun 2013 06:04am EDT 

Business Standard reported that NTPC Ltd taking forward its crusade against companies sitting idle on mines, the Coal Ministry slapped fresh showcause notices on 12 firms including NTPC Ltd and Steel Authority of India Ltd seeking explanation for not developing these by June 30, failing which the blocks could be de allocated. The development comes close on heels of the Coal Ministry issuing show cause notices to 11 firms, including JSPL, Monnet Ispat, NTPC and GVK Power last week for not developing the mines alloted to them for captive use. Apart from NTPC and SAIL, which were issued show cause notices for failing to develop Talaipalli block and Sitanala Coking Coal block, the firms which were issued notices included TVNL, Damodar Valley Corporation, Bhushan Steel and Power, West Bengal Power Development Corporation and Madhya Pradesh and Maharashtra State Mining Corporations. Other firms which were served notices included Abhijit Infrastructure, Rungta Mines, OCL India and Ocean Ispat Ltd.  Full Article

NTPC Ltd Recommends Final Dividend
Friday, 10 May 2013 03:34am EDT 

NTPC Ltd announced that the Board of Directors at its meeting held on May 10, 2013 has recommended final dividend of INR2 per equity share (including special of dividend of INR1.25 per equity share) for the financial year 2012-2013, in addition to the interim dividend of INR3.75 per equity share for the financial year 2012-2013 paid in March 2013.  Full Article

NTPC Ltd Plans $2.4 Billion Investment In Coal Mining, Power Plant-DJ
Wednesday, 27 Feb 2013 02:13am EST 

Dow Jones reported that NTPC Ltd plans to invest about INR130 billion ($2.4 billion) to develop a coal mine and set up a new coal-fired power plant. The Company's board has approved investment of INR13.15 billion to develop the Chatti-Bariatu coal mine in the eastern state of Jharkhand.  Full Article

NTPC Ltd Declares Interim Dividend
Tuesday, 26 Feb 2013 03:22am EST 

NTPC Ltd announced that the Board of Directors of the Company at its meeting held on February 26, 2013 have decided, to pay interim dividend at the rate of 37.5% that is INR3.75 per share on the face value of paid-up equity shares of INR10 each for the financial year 2012-2013. The date of payment / dispatch of dividend shall be March 12, 2013.  Full Article

INDIA PRESS-NTPC pays dues, ends conflict with Coal India-Economic Times

Note: Reuters has not verified this story and does not vouch for its accuracy. (Compiled by Abhiram Nandakumar in Bangalore)

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