NTPC Ltd (NTPC.BO) Key Developments | Reuters.com
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NTPC Ltd (NTPC.BO)

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Latest Key Developments (Source: Significant Developments)

Power Grid Corporation of India Ltd approves formation of Joint Venture Company with NTPC and others
Friday, 13 Feb 2015 11:21pm EST 

Power Grid Corporation of India Ltd:Board approved formation of Joint Venture Company (JVC) amongst Powergrid with 14 pct equity, NTPC with 30 pct equity, Power Finance Corp Ltd with 14 pct equity, Indian Renewable Energy Development Agency Ltd with 14 pct equity.And Power Trading Corp of India Ltd with 14 pct equity, Gujarat Power Corp Ltd with 14 pct equity for development of offshore wind power in India.  Full Article

NTPC says decided to pay interim dividend
Friday, 30 Jan 2015 04:00am EST 

NTPC Ltd:Board decided to pay interim dividend at the rate of 7.5 percent (0.75 Indian rupees per share) on face value of paid-up equity shares of 10 Indian rupees each for financial year 2014-15.  Full Article

NTPC Ltd fixes record dated for interim dividend
Tuesday, 20 Jan 2015 02:51am EST 

NTPC Ltd:Fixed Feb. 05 as the record date for the purpose of ascertaining the eligibility of the shareholders for payment of interim dividend.The dividend will be paid on Feb. 13.  Full Article

NTPC Ltd signs term loan agreement with SBI-Business Standard
Friday, 16 Jan 2015 02:40am EST 

NTPC Ltd:Signed a term loan agreement of 100.00 bln Indian Rupees with state-run lender SBI for partially funding its capital expenditure-Business Standard.  Full Article

NTPC Ltd enters into memorandum of understanding
Saturday, 4 Oct 2014 05:11am EDT 

NTPC Ltd:Enters into Memorandum of Understanding (MoU) on Oct. 01 amongst Ministry of New and Renewable Energy (MNRE), National Institute of Wind Energy (NIWE) and consortium of partners consisting of NTPC Ltd. (as lead partner).Power Grid Corporation of India Ltd.(POWERGRID), Power Finance Corporation Ltd. (PFC), Indian Renewable Energy Development Agency Ltd. (IREDA), PTC India Limited (PTC) and Gujarat Power Corporation Ltd. (GPCL).For undertaking development of Offshore Wind Power projects and its evacuation & integration into the grid though a Joint Venture Company to be incorporated in this regard.  Full Article

NTPC Ltd announces term loan facility of $250 mln
Monday, 29 Sep 2014 03:11am EDT 

NTPC Ltd:Signs syndicated term loan facility of $250 mln arranged by Mizuho Bank Limited, Singapore Branch.Loan carries a floating rate of interest linked to LIBOR and has a door to door maturity of 7 years.Proceeds of the facility will be utilized to finance capital expenditure on the company’s ongoing and new projects and renovation and modernization of stations.  Full Article

NTPC Ltd signs MoU with Government of Andhra Pradesh
Tuesday, 16 Sep 2014 08:16am EDT 

NTPC Ltd:Signed a MoU with Government of Andhra Pradesh (GoAP) to develop 1000 MW Solar Power Project(s) at suitable sites identified by GoAP in a phased manner.The projects will be implemented on Build-Own-Operate basis in the State of Andhra Pradesh.  Full Article

NTPC Ltd approves final dividend
Thursday, 28 Aug 2014 09:08am EDT 

NTPC Ltd:Approved final dividend at 1.75 Indian Rupees per share for the financial year 2013-2014.  Full Article

NTPC Ltd plans to raise 130.00 bln Indian Rupees-Business Standard
Wednesday, 30 Jul 2014 08:44am EDT 

NTPC Ltd:Has sought shareholders' nod for raising up to 130.00 bln Indian Rupees through issue of securities-Business Standard.The proceeds would be mainly used for capital expenditure as the company is 'under a rapid capacity expansion mode.The meeting is scheduled for Aug. 27.  Full Article

NTPC Ltd joint venture announces acquisition of 2.6 bln tonnes coal resource in Mozambique
Wednesday, 30 Jul 2014 04:14am EDT 

NTPC Ltd:Says International Coal Ventures Pvt. Limited, a joint venture Company of Steel Authority of India Limited, Coal India Limited, Rashtriya Ispat Nigam Limited, NMDC Ltd. and NTPC Ltd signs an agreement for acquisition of 2.6 bln tonnes coal resource in Mozambique with Rio Tinto Plc., UK.  Full Article

Deals of the day- Mergers and acquisitions

Feb 26 The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Friday: