NTPC envisages 3,300 MW capacity addition this fiscal

September 25th, 2009 NEW DELHI - State-owned power utility NTPC has asked the power ministry to ascertain whether the marketing margin levied by Reliance Industries (RIL) on gas from the Krishna Godavari basin was valid. In a Sep 23 letter to the power ministry, NTPC executive director T.K.

September 10th, 2009 NEW DELHI - State-run power utility NTPC Thursday said the government may sell up to 5 percent in the company before March. "The government is looking to dilute between 4.7 to 5 percent.

September 4th, 2009 MUMBAI - State-run power utility NTPC Friday said it was "committed to drawing the allocated gas" from the Krishna-Godavari hydrocarbon basin for projects in the national capital region that includes Delhi, even though it was fighting a legal battle with the contractor, Reliance Industries Ltd (RIL). "NTPC is committed to drawing the allocated gas for its national capital region gas-based power stations at Anta, Dadri and Faridabad, without prejudice to its rights and contentions in the ongoing suit between NTPC and RIL," said the company in a statement to the Bombay Stock Exchange (BSE).

September 2nd, 2009 NOIDA - State-run power utility NTPC will not file a separate plea in the ongoing legal dispute between Reliance Industries and Reliance Natural Resources since the government has already moved an application to protect its own and the navratna firm's interests, a senior government official said Wednesday. "Since the petroleum ministry has come out in support of NTPC, there is no need for NTPC to go to the Supreme Court," Power Secretary H.S.

August 19th, 2009 NEW DELHI - Union Petroleum Ministry on Wednesday assured its support to National Thermal Power Corporation (NTPC) in the legal battle to get natural gas from Mukesh Ambani's Reliance Industries Limited (RIL) as per the rates decided in 2004. The ministry said it would not allow the interest of the NTPC to be compromised.

July 27th, 2009 NEW DELHI - State-run power utility National Thermal Power Corp (NTPC) Monday reported a 27 percent increase in its net profit to Rs.2,193.6 crore (Rs.21,936.2 million) for the first quarter this fiscal, as compared to the Rs.1,726.53 crore it netted in the year-ago period. Its total income surged 24 percent to Rs.12,778.96 crore from Rs.10,256.7 crore, the company said in a regulatory statement.

July 23rd, 2009 RAIPUR - Power utility NTPC Ltd has agreed to provide 35 percent of the electricity produced at its upcoming 500 MW stage-III Korba project to Chhattisgarh, a government statement said Thursday. "NTPC (formerly National Thermal Power Corp) has agreed to provide 175 MW power to Chhattisgarh from its 500 MW stage-III Korba project that will begin generation by February 2010," the statement said.

July 18th, 2009 CHENNAI - Power plant equipment major Bharat Heavy Electricals Limited (BHEL) Saturday dispatched super-critical boiler columns, weighing a total of 100 tonnes, from its boiler plant in Tiruchirappalli to the NTPC-promoted Barh Thermal Project in Bihar. K. Ravikumar and R.S.Sharma, the CMDs of BHEL and NTPC respectively, flagged off the consignment at Tiruchirappalli, 300 km from here.

July 1st, 2009 NEW DELHI - The Government on Wednesday said it would award six shipping projects worth 3,319.14 crore rupees in next 100 days. These would be developed on the public-private-partnership (PPP) mode.

June 23rd, 2009 NEW DELHI - State-run power company NTPC Ltd is willing to buy gas from the Mukesh Ambani-owned Reliance Industries Ltd (RIL) at $4.2 per million British thermal units, but with exceptions, a top official said here Tuesday. R.S. Sharma, chairman and managing director of NTPC, formerly National Power Thermal Corp, told reporters here that the company might sign an agreement with RIL to purchase gas at the market price, but not for the plants under dispute in court.

May 22nd, 2009 NEW DELHI - The state-owned power utility NTPC Ltd, formerly National Thermal Power Corp, posted a net profit after tax of Rs.8,201 crore in 2008-09 against Rs.7,415 crore netted the last fiscal, an increase of Rs.786 crore, the company announced Friday. Total income increased from Rs.40,018 crore 2008-09 to Rs.45,273 crore the previous fiscal, NTPC said in a regulatory statement.

May 14th, 2009 NEW DELHI - State-run power major NTPC Ltd has signed a Rs.8,500-crore ($1.7-billion) loan agreement with State Bank of India (SBI), the country's largest lender, it was announced here Thursday. The agreement was signed by NTPC general manager (finance) M.

April 8th, 2009 NEW DELHI - State-run power generation firm NTPC Ltd Wednesday reported 5.6 percent increase in its provisional net profit for 2008-09. NTPC, formerly known as National Thermal Power Corp, posted Rs.7,827.4 crore ($1.5 billion) as profit for 2008-09, compared to Rs.7,414.8 crore the year before, the company said in a statement.

February 13th, 2009 NEW DELHI - The country's leading power producer NTPC Ltd Saturday signed a memorandum of understanding (MoU) with Nuclear Power Corp of India Ltd (NPCIL) to jointly produce nuclear power plants. As per the proposal, the power majors will set up a joint venture company in which NPCIL will hold 51 percent stake and NTPC will own the rest, a government statement said.

February 8th, 2009 BHOPAL - State-run engineering and manufacturing major Bharat Heavy Electricals Ltd (BHEL) has won four contracts worth Rs.70 billion (Rs.7,000 crore) for the supply and installation of electrical equipment for thermal power projects, the company announced Monday. The projects with a total capacity of 3,250 MW are located in Madhya Pradesh, Uttar Pradesh, Tamil Nadu and Maharashtra.