Key Developments: NTPC Ltd (NTPC.BO)
150.25INR
24 May 2013
Rs1.60 (+1.08%)
Rs159.80
Rs149.60
Rs152.00
Rs149.25
2,672,577
538,974
Rs175.35
Rs136.10
Latest Key Developments (Source: Significant Developments)
NTPC Ltd Recommends Final Dividend
NTPC Ltd announced that the Board of Directors at its meeting held on September 18, 2012 have approved final dividend at INR0.50 per share. The total dividend (including interim dividend) for the financial year 2011-12 is INR4.00 per share (face value INR10 each). Full Article
NTPC Ltd In PPA Agreement With Assam Power Distribution Company Limited-The Economic Times
The Economic Times reported that NTPC Limited and Assam Power Distribution Company Limited (APDCL) inked Power Purchase Agreement (PPA). The PPA arrangement for supply of 25 Megawatt (MW) power from its Farakka Super Thermal Power Station Stage III was signed by S K Kar, Additional General Manager (Commercial) on behalf of NTPC Limited and P K Dutta, Chief General Manager (Commercial) on behalf of APDCL. Presently, APDCL is allocated 144 MW power from unallocated capacity of NTPC Eastern Region stations namely Farakka Super Thermal Power Station Stage I and II, Kahalgaon Super Thermal Power Station Stage I and II and Talcher Super Thermal Power Station Stage I and 381 MW from Bongaigaon Thermal Power Project. Full Article
Steel Authority of India Ltd, NTPC Limited And Others JV, ICVL Set To Buy Coal Blocks Abroad-Economic Times
The Economic Times reported that Steel Authority of India Ltd (SAIL) is close to acquiring coal blocks abroad as part of the International Coal Ventures (ICVL) consortium. ICVL, a joint venture (JV) between SAIL, Coal India Ltd (CIL), Rashtriya Ispat Nigam Ltd (RINL), NMDC Ltd and NTPC Ltd, was conceptualized in 2009 by the steel ministry for securing coking coal and thermal coal assets in overseas territories. Full Article
NTPC Ltd Plans To Sell $1 Billion Overseas Bonds-The Economic Times
The Economic Times reported that NTPC Ltd is planning to raise $1billion through an overseas bond offering. Barclays Capital, Citigroup, Deutsche Bank and RBS were the bookrunners on the offering. Full Article
NMDC Ltd On Lookout For Coal Mines While Staying In NTPC Limited And Others' IVCL Fold-CNBC TV-18
CNBC TV-18 reported that NMDC Ltd is on the lookout for coking coal mine acquisition on its own, both in India and abroad, even as it continues to stay in the International Coal Ventures (ICVL) fold. For coal mines acquisition abroad, ICVL was incorporated in May 2009 as a joint venture between five state-run firms. Steel Authority of India Ltd (SAIL) and Coal India Ltd (CIL) each hold 28% stake and Rashtriya Ispat Nigam Ltd (RINL), NMDC and NTPC Limited (NTPC) 14% each in ICVL. Full Article
NMDC Ltd Looks Set To Exit ICVL After NTPC Ltd And Coal India Ltd Quit-Business Standard
Business Standard reported that after NTPC Ltd and Coal India Ltd (CIL), NMDC Ltd too may exit from International Coal Ventures Ltd (ICVL) and has begun scouting for overseas coking coal assets acquisition on its own, putting a question mark on the venture's survival itself. NTPC has already expressed its intention to go out of the ICVL fold as the consortium's focus is more on coking coal and the need of the power major is of thermal coal. For coal mines acquisition abroad, ICVL was incorporated in May 2009 as a joint venture (JV) between five state-run firms. Steel Authority of India Ltd (SAIL) and CIL each hold 28% stake and Rashtriya Ispat Nigam Ltd (RINL), NMDC and NTPC 14% each in ICVL. Full Article
India's NTPC Limited To Raise Up To INR10 Billion Rupees Via Bonds-Reuters
Reuters reported that India's NTPC Ltd has invited bids from banks and financial institutions to raise up to INR10 billion via bonds, three sources with knowledge of the deal said. The power producer will issue 10 year bonds and 15 year bonds with separately tradable redeemable principal parts, with redemptions starting from the 11th year to the 15th year, said the sources. Full Article
NTPC Limited Announces fixed interest rate term loan of EUR72.5
NTPC Limited announced that the Company has signed a Commercial Interest Reference Rate (CIRR) based fixed interest rate term loan facility backed by Euler Hermes of EUR72.5 million with KfW, Germany on March 22, 2012. The loan shall be utilized to fund the capital expenditure on Barh, Stage-II project located in the state of Bihar. The loan has a door to door maturity of 14 years. Full Article
NTPC Limited Signs Loan Facility Of USD100 Million With Mizuho Corporate Bank Ltd
NTPC Limited announced that NTPC Ltd has signed a loan facility of USD100 million with Mizuho Corporate Bank Ltd. on March 16, 2012. The proceeds of the loan shall be applied towards capital expenditure for procurement of goods and services for the ongoing and new projects, coal mining projects and renovation and modernization of stations. The loan has a door to door maturity of seven years. Full Article
Aquila Resources Limited In Talks To Sell Australian Coal Asset To NTPC Limited And Others India's ICVL Consortium-Reuters
Reuters reported that Aquila Resources Limited is in advanced talks to sell its Washpool coking coal project to Indian state consortium International Coal Ventures (ICVL), a sale the miner needs to help fund its iron ore ambitions. Analysts have estimated the Washpool hard coking coal project in Queensland could fetch around AUD300 million ($324.14 million). ICVL is made up of utility NTPC Limited, Steel Authority of India Limited, National Mineral Development Corp. Ltd (NMDC), Coal India Limited and steelmaker Rashtriya Ispat Nigam Ltd. Full Article
CORRECTED-NTPC's 1,980 MW eastern India plant wins cabinet approval
(Corrects Feb 20 story in paras 1, 5 to say approval is for three power plant units)
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