Key Developments: NTPC Ltd (NTPC.NS)

NTPC.NS on National Stock Exchange of India

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Latest Key Developments (Source: Significant Developments)

NTPC Ltd Fixes Record Date For Interim Dividend
Monday, 18 Feb 2013 01:57am EST 

NTPC Ltd announced that the Company has fixed March 04, 2013 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, if declared by the Board will be paid on March 12, 2013.  Full Article

NTPC Ltd Offer For Sale Floor Price Set At INR145 Per Share-CNBC-TV18
Wednesday, 6 Feb 2013 07:01am EST 

CNBC-TV18 reported that the government has set the NTPC offer for sale (OFS) floor price at INR145 per share, 4.5% discount to its February 06, 2013 close. The Empowered Group of Ministers (EGoM) had approved the OFS which will be held on February 7, 2013. The divestment secretary had said that the government is looking to raise INR12000 crore (INR120 billion) from the NTPC stake sale. The government will sell a 783.26 million shares or 9.5% stake in NTPC through the single-day auction.  Full Article

NTPC Ltd Announces Term Loan Agreement
Wednesday, 6 Feb 2013 12:07am EST 

NTPC Ltd announced that the Company has signed on January 29, 2013, a term loan agreement for USD250 million with State Bank of India, New York Branch and Mizuho Corporate Bank, Limited., Singapore Branch as Arrangers and Lenders. The proceeds of the loan shall be utilized towards capital expenditure for procurement of goods and services for the ongoing and new projects and renovation and modernization of stations of the Company. The loan carries a floating rate of interest linked to LIBOR and has a door to door maturity of seven years.  Full Article

NTPC Ltd Stake Sale On February 7; Price Likely To Be At INR145 Per Share-CNBC-TV18
Tuesday, 5 Feb 2013 11:18am EST 

CNBC-TV18 reported that the government will sell 9.5% stake in power producer NTPC on February 07, 2013 at a likely price of INR145 per share, nearly 7% discount to the current market price. The NTPC disinvestment, is expected to garner about INR12,000 crore (INR120 billion) for the exchequer. Sources said that price for stake sale is likely to be fixed at INR145 per share. This would be a discount of nearly 7% to February 05, 2013 closing price of INR155.60 apiece on BSE.  Full Article

EGoM To Decide On NTPC Ltd Stake Sale-CNBC-TV18
Monday, 4 Feb 2013 05:39am EST 

CNBC-TV18 reported that Empowered Group of Ministers (EGoM) chaired by Finance Minister P Chidambaram is expected to meet here on February 05, 2013 to decide on time and price of 9.5% stake sale in power major NTPC which could fetch INR12,000 crore (INR120.0 billion) to the exchequer. The Department of Disinvestment (DoD) had successfully completed 10% stake sale in Oil India (OIL) through the auction route last week raising over INR3,113 crore (INR31.13 billion) for the government.  Full Article

India Shortlists Goldman Sachs Group Inc, Citigroup Inc And Others For NTPC Ltd Share Sale-Reuters
Sunday, 6 Jan 2013 02:17am EST 

Reuters reported that India has shortlisted six banks, including Goldman Sachs Group Inc, Citigroup Inc and Morgan Stanley, for a selldown of state shares worth $2.3 billion in power producer NTPC Ltd. Others shortlisted by the Indian government's department of disinvestment for the NTPC Ltd offering are Deutsche Bank AG and India's SBI Capital Markets and Kotak Mahindra Capital. India's cabinet approved a 9.5% stake sale in NTPC in November to help rein in its ballooning fiscal deficit. At current market price, the sale could raise as much as $2.3 billion for the government. The NTPC stake sale is likely to be completed by the end of this month.  Full Article

NTPC Ltd Aims To Raise Up To $750 Million Through Overseas Bond Sale In FY 2013-Reuters
Friday, 21 Sep 2012 03:27am EDT 

Reuters reported that NTPC Ltd aims to raise $500 million to $750 million by selling bonds overseas during the current financial year to March 2013 to fund capacity additions, Finance Chief A.K. Singhal told reporters.  Full Article

NTPC Ltd Recommends Final Dividend
Tuesday, 18 Sep 2012 07:38am EDT 

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
Thursday, 16 Aug 2012 11:07am EDT 

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
Wednesday, 15 Aug 2012 05:54pm EDT 

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

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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