NTPC net profit up 5.6 percent

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 may sign an agreement to buy natural gas from Mukesh Ambani-run Reliance Industries (RIL) at the government-approved rate of $4.20 per unit for plants other than Kawas and Gandhar, Power Secretary H.S. Brahma said Thursday.

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 11th, 2009 RAIPUR - India's largest power producer NTPC, formerly National Thermal Power Corp, Sunday signed an agreement with the Chhattisgarh government for setting up a 4,000 MW coal-fired power plant on an investment of Rs.20,000 crore. Power Minister Sushilkumar Shinde, who was present during signing of the pact, said the plant would be set up in the coal-rich Raigarh district.

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-owned power generation major NTPC will generate an additional 3,300 MW in 2009-10, but only about 2,000 MW of this will be available for commercial use this fiscal, a top official said here Wednesday. NTPC has planned a capacity addition of 22,430 MW by 2012.

February 8th, 2009 AIZAWL - A 460 MW hydroelectric project will be set up by state-run National Thermal Power Corporation (NTPC) in Mizoram, officials said here Monday. A Memorandum of Understanding (MoU) was signed between NTPC and the Mizoram government to commission the Rs.30 billion power project in Sahia and Lawngtlai districts of southern Mizoram.

January 19th, 2009 KOLKATA - India's largest coal producer Coal India Limited (CIL) and the largest power producer NTPC Ltd have decided to sign an agreement to always maintain 75 percent fuel supply for the power entity, a central minister said here Tuesday. 'The matter is more or less solved.