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)
Nuclear Power Corp of India Ltd Signs Agreement With NTPC Limited, NALCO In Proposed Nuclear Plants-India Investment News
India Investment News reported that Nuclear Power Corp of India Ltd has started talks with Life Insurance Corp of India Ltd to raise funds, as part of its debt raising program to finance its investment plan of INR3 trillion in the Five-year Plan period (2012-17), starting April 1. The nuclear plant operator has also selected 10 out of 100 foreign overseas banks to source its foreign funding. The Company, which has already roped in the state-run power financier Power finance Corp Ltd, plans to raise about 70% (or INR 2.1 trillion) of its proposed investment through debt. The investment plan is aimed at funding expansion. The Company is also planning to enhance its equity base by taking on board various state-run companies, like oil marketing firms, to acquire stake in different proposed power projects. The Company has already signed agreement with the NTPC Ltd and National Aluminium Company Limited to buy equity holding in its proposed nuclear plants and hopes to close a similar deal with Indian Oil Corp Ltd within the next two weeks, he said. Besides, it is also holding discussions with energy explorer Oil and Natural Gas Corp Ltd to sign a pact, as energy companies are aggressively eying at investing in nuclear power programs in the country. Full Article
NTPC Limited Signs Joint Venture Agreement With Bangladesh Power Development Board
NTPC Limited announced that it has signed a Joint Venture Agreement with Bangladesh Power Development Board (BPDP) on January 29, 2012 with the objective of setting up and implementing 1320 MW coal based power plant(s) in Bangladesh to cater to the growing power requirements of Bangladesh. This project will be developed through a 50:50 Joint Venture Company between NTPC Limited and BPDP on Build, Own and Operate basis." Full Article
NTPC Limited Declares Interim Dividend
NTPC Limited announced that the Board of Directors of the Company at meeting held on January 27, 2012, inter alia, have decided, to pay interim dividend at the rate of 35% (INR3.50 per share) on the face value of paid-up equity shares of INR10 each for the financial year 2011-12. The date of payment / despatch of dividend shall be February 09, 2012. Full Article
NTPC Limited Fixes Record Date For Interim Dividend
NTPC Limited announced that February 01, 2012 as the Record Date for the purpose of ascertaining the eligibility of the shareholders for payment of interim dividend, if declared by the Board. The dividend on equity shares, subject to the provisions of Section 206A of the Companies Act, 1956, if declared at the Board Meeting, will be paid on February 09, 2012. Full Article
NTPC Limited And Bharat Heavy Electricals Limited's JV To Begin Operations Next Fiscal-Business Line
Business Line reported that NTPC-BHEL Power Projects Pvt Ltd (NBPPL), a 50:50 joint venture (JV) of NTPC Limited and Bharat Heavy Electricals Limited (BHEL), for manufacturing power equipment, will start operations next fiscal. It will start manufacturing plant equipment such as transformers, switchgears, meters and automation systems from its facility in Andhra Pradesh. NBPPL will supply equipment for the 100-MW Namrup Power Station in Assam and 726-MW combined cycle power plant Palatana of ONGC Tripura Power Corporation. Full Article
NTPC Limited To Offer Maintenance Services In Bangladesh-The Economic Times
The Economic Times reported that NTPC Limited signed an agreement with Electricity Generation Company of Bangladesh Ltd for providing operation and maintenance services for 240-mw gas based Siddhirganj power plant near Dhaka. NTPC would offer services like operation and maintenance, recruitment and training, quality and environment management to EGCB for a period of six years. Full Article
NTPC Limited May Join Coal Logistics JV of Coal India Limited, Shipping Corporation of India-The Economic Times
The Economic Times reported that NTPC Limited is likely to join the coal logistics joint venture proposed by Coal India Limited and Shipping Corporation of India (SCI). Coal India and SCI are banking on NTPC, a major buyer of imported coal. A firm commitment will help the coal major to finalise import contracts with suppliers. NTPC aims to import 16 million tonnes of coal during the current year to meet its feedstock requirement. Full Article
Nuclear Power Corp of India Ltd, Indian Oil Forms JV For Establishing Nuclear Power Plants; Inks JV With NTPC Limited And Others-India Energy News
India Energy News reported that Indian Oil Corporation Limited along with Nuclear Power Corp of India Ltd (NPCIL) has incorporated a joint venture (JV) company NPCIL-Indian Oil Nuclear Energy Corporation Ltd. Earlier on November 4, both the companies had signed a memorandum of understanding (MoU) to establish nuclear power plants in the country for the generation of electricity and any other area as mutually agreed. The JV company has been established to explore options in the nuclear energy sector in the coming years. Oil & Natural Gas Corporation Limited is also planning to form a joint venture with NPCIL to establish one of its proposed nuclear power plants in the country. Nuclear Power Corp has already inked JV agreement with state power utility NTPC Limited, Indian Oil Corp (IOC) and National Aluminium Company Limited for its proposed projects. The Company is also in talks with Bharat Petroleum Corporation Limited (BPCL) and Steel Authority of India Limited (SAIL). Full Article
NTPC Limited's JV ICVL To Tie-up With Virginia For Coal Mining-Business Line
Business Line reported that International Coal Ventures Ltd (ICVL) will forge a strategic relationship with the Commonwealth of Virginia, US. ICVL held discussions with Governor of Commonwealth of Virginia on Monday for facilitating acquisition of coking coal assets and companies for ICVL. Also the discussions focused on facilitating business between ICVL and small and medium mining companies in Virginia by forming joint ventures, besides exploring opportunities for greenfield locations. The ICVL consortium consists of Steel Authority of India Limited, Coal India Limited, NTPC Limited, National Mineral Development Corp. Ltd and Rashtriya Ispat Nigam Ltd. Full Article
NTPC Limited Announces Update On Joint Venture
NTPC Limited announced that the Joint Venture Company under the name 'Pan-Asian Renewables Private Ltd' has been incorporated on October 14, 2011 amongst NTPC Ltd. (NTPC), Asian Development Bank (ADB) and Kyuden International Corporation, a wholly owned subsidiary of Kyushu Electric Power Company Inc. (Kyushu) NTPC, ADB and Kyushu shall initially contribute in the ratio of 50:25:25 In the equity share capital of the Company. The Company has been incorporated to develop renewable energy projects and initially establish over a period of three years a portfolio of about 500 MW of Renewable Power Generation resources in India. 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)
Earnings vs. 
Estimates
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.
