Latest news with #NTPCLtd
Time of India
10 hours ago
- Business
- Time of India
NTPC fundraising: Board clears Rs 18,000 crore bond, NCD plan; postal ballot to follow
NEW DELHI: State-run power major NTPC Ltd on Saturday said its board has approved a proposal to raise up to Rs 18,000 crore through issuance of non-convertible debentures (NCDs) or bonds via private placement in the domestic market. Tired of too many ads? go ad free now According to a regulatory filing, the company's board gave its nod during a meeting held earlier in the day, and also cleared a draft notice for a postal ballot to seek shareholder approval for the fundraising plan, PTI reported. NTPC said the fundraising will be done in one or more tranches, not exceeding 12, during the one-year period from the date of passing the special resolution by shareholders. The company has fixed Friday, June 21, as the cut-off date to determine the names of members entitled to receive the postal ballot notice and exercise voting rights. The proposed NCDs or bonds will be issued on a private placement basis, the company said, without disclosing the exact timing or the utilisation plan for the proceeds.
Business Standard
11-06-2025
- Business
- Business Standard
JSW Energy Ltd Surges 1.29%
JSW Energy Ltd has added 12.23% over last one month compared to 5.15% gain in BSE Power index and 0.05% rise in the SENSEX JSW Energy Ltd gained 1.29% today to trade at Rs 540.05. The BSE Power index is up 0.51% to quote at 7019.61. The index is up 5.15 % over last one month. Among the other constituents of the index, Torrent Power Ltd increased 0.45% and NTPC Ltd added 0.37% on the day. The BSE Power index went down 9.17 % over last one year compared to the 7.87% surge in benchmark SENSEX. JSW Energy Ltd has added 12.23% over last one month compared to 5.15% gain in BSE Power index and 0.05% rise in the SENSEX. On the BSE, 9687 shares were traded in the counter so far compared with average daily volumes of 2.12 lakh shares in the past one month. The stock hit a record high of Rs 804.95 on 24 Sep 2024. The stock hit a 52-week low of Rs 419.1 on 17 Feb 2025.
Mint
10-06-2025
- Business
- Mint
Power ministry announces additional ₹5,400 cr VGF for 30 GWh battery energy storage
New Delhi: Union minister for power Manohar Lal on Tuesday said the government will roll out an additional viability gap funding (VGF) worth ₹ 5,400 crore for setting up 30 GWh of battery energy storage systems (BESS). Addressing journalists, the minister announced several plans to meet rising power demand and achieve India's ambitious net zero target of 2070. The incentive will be over and above the existing incentive worth ₹ 3,700 crore VGF under which 13.2 GWh of BESS is currently under implementation. The initiative will attract investments worth ₹ 33,000 crore, he said. Under the scheme 15 states will receive allocations for 25 GWh of storage capacity and state-run NTPC Ltd will get 5 GWh. The Union minister said the first round of tender for the new VGF will be floated within 3 months. "India is targeting 393 GW of renewable energy capacity (293 GW solar and 100 GW wind) by 2030. But renewable energy is highly intermittent and needs energy storage solutions to ensure round the clock power supply and grid stability. Hence, BESS is essential especially to meet peak demand during non-solar hours," Lal told reporters. Solar and wind are intermittent sources of renewable energy and India is targeting 500 GW of non-fossil capacity by 2030. Storage systems including BESS and pump storage plants (PSP) are expected to play a key role in stabilizing power supply and the grid. According to the India Energy Storage Alliance, an industry grouping, the country's energy storage sector is likely to attract ₹ 4.79 trillion investment by 2032. The CEA estimates a project requirement of 411.4 GWh (175.18 GWh from PSP and 236.22 GWh from BESS) of energy storage systems by FY32. "The first tender under the new VGF allocation would be launched in three months," the minster said. Lal also said that during the recent conflict with Pakistan, the power sector in the country, largely the state load dispatch centres (SLDC) faced a number of cyber-attacks which were thwarted adequately via firewalls in the Indian power system. On 3 May, Mint reported that India has stepped up the security of its national power grid as heightened tensions with Pakistan revive memories of cyberattacks in recent years and the power ministry has tightened security protocols at the load dispatch centres which manage the demand and supply of power. He said that work is underway to set up undersea transmission cables to the UAE and Saudi Arabia with an estimated capex of ₹ 90,000 crore. High-Voltage Direct Current (HVDC) sub-sea transmission cables of 1,400 kilometres and 1,600 kilometres would be established from India to Saudi Arabia and the UAE respectively. India has already signed agreements with both the countries for the inter-connectivity of the power grids. Further, as government aims to boost nuclear energy in the country in order to increase the base load capacity to maintain grid stability amid rising renewable energy capacity, the minister said that the Centre has suggested states, which are not in the Seismic zone 5 (Very High Damage Risk Zone due to earthquake), to set up nuclear power projects. Currently, India has over 8 GW of installed nuclear power capacity and aims to reach 22 GW by 2032 and 100 GW by 2047. In another development, the power minister said that the government has decided to standardize temperatures of air conditioners in the country and mandate a range. "The temperature in ACs will be set between 20 degree celsius and 28 degree celsius," he said, adding that guidelines on this would be released soon. The move is aimed at energy conversation, energy efficiency and curbing climate change. Cooling requirements is a key factor for the country's peak power demand touching record levels in the past three years. Last year, India witnessed its highest-ever peak power demand of 250 GW. This year, it has hit 241 GW so far, on 5 June. The Central Electricity Authority has projected a peak of 270 GW this summer season.
Mint
10-06-2025
- Business
- Mint
Power ministry announces additional ₹5,400 cr VGF for 30 GWh battery energy storage
New Delhi: Union minister for power Manohar Lal on Tuesday said the government will roll out an additional viability gap funding (VGF) worth ₹ 5,400 crore for setting up 30 GWh of battery energy storage systems (BESS). Addressing journalists, the minister announced several plans to meet rising power demand and achieve India's ambitious net zero target of 2070. The incentive will be over and above the existing incentive worth ₹ 3,700 crore VGF under which 13.2 GWh of BESS is currently under implementation. The initiative will attract investments worth ₹ 33,000 crore, he said. Under the scheme 15 states will receive allocations for 25 GWh of storage capacity and state-run NTPC Ltd will get 5 GWh. The Union minister said the first round of tender for the new VGF will be floated within 3 months. "India is targeting 393 GW of renewable energy capacity (293 GW solar and 100 GW wind) by 2030. But renewable energy is highly intermittent and needs energy storage solutions to ensure round the clock power supply and grid stability. Hence, BESS is essential especially to meet peak demand during non-solar hours," Lal told reporters. Solar and wind are intermittent sources of renewable energy and India is targeting 500 GW of non-fossil capacity by 2030. Storage systems including BESS and pump storage plants (PSP) are expected to play a key role in stabilizing power supply and the grid. According to the India Energy Storage Alliance, an industry grouping, the country's energy storage sector is likely to attract ₹ 4.79 trillion investment by 2032. The CEA estimates a project requirement of 411.4 GWh (175.18 GWh from PSP and 236.22 GWh from BESS) of energy storage systems by FY32. "The first tender under the new VGF allocation would be launched in three months," the minster said. Lal also said that during the recent conflict with Pakistan, the power sector in the country, largely the state load dispatch centres (SLDC) faced a number of cyber-attacks which were thwarted adequately via firewalls in the Indian power system. On 3 May, Mint reported that India has stepped up the security of its national power grid as heightened tensions with Pakistan revive memories of cyberattacks in recent years and the power ministry has tightened security protocols at the load dispatch centres which manage the demand and supply of power. He said that work is underway to set up undersea transmission cables to the UAE and Saudi Arabia with an estimated capex of ₹ 90,000 crore. High-Voltage Direct Current (HVDC) sub-sea transmission cables of 1,400 kilometres and 1,600 kilometres would be established from India to Saudi Arabia and the UAE respectively. India has already signed agreements with both the countries for the inter-connectivity of the power grids. Further, as government aims to boost nuclear energy in the country in order to increase the base load capacity to maintain grid stability amid rising renewable energy capacity, the minister said that the Centre has suggested states, which are not in the Seismic zone 5 (Very High Damage Risk Zone due to earthquake), to set up nuclear power projects. Currently, India has over 8 GW of installed nuclear power capacity and aims to reach 22 GW by 2032 and 100 GW by 2047. In another development, the power minister said that the government has decided to standardize temperatures of air conditioners in the country and mandate a range. "The temperature in ACs will be set between 20 degree celsius and 28 degree celsius," he said, adding that guidelines on this would be released soon. The move is aimed at energy conversation, energy efficiency and curbing climate change. Cooling requirements is a key factor for the country's peak power demand touching record levels in the past three years. Last year, India witnessed its highest-ever peak power demand of 250 GW. This year, it has hit 241 GW so far, on 5 June. The Central Electricity Authority has projected a peak of 270 GW this summer season. The minister said the power sector is prepared to meet the projected peak demand.
Yahoo
26-05-2025
- Business
- Yahoo
NTPC Ltd (BOM:532555) Q4 2025 Earnings Call Highlights: Strong Financial Performance Amid ...
Release Date: May 24, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. NTPC Ltd (BOM:532555) achieved a significant milestone with the successful listing of NTPC Green Energy Limited, positioning it as a leader in India's renewable energy landscape. The company added 3,312 megawatts from renewable energy sources in FY 2025, demonstrating a strong commitment to energy transition. NTPC's thermal fleet achieved a plant load factor of 77.44%, outperforming the rest of India's PLF of 67.23%, showcasing operational excellence. The NTPC Group's total income for FY 2025 rose by 5%, with a robust growth in profit after tax by 9%, indicating strong financial performance. NTPC's strategic investments in international ventures and new business horizons are expanding its footprint and creating additional revenue streams. There were delays in capacity additions, particularly in the Khara and Bala projects, due to issues like cooling substation delays and land transfer problems. The company faces challenges in land acquisition and transmission connectivity for renewable projects, which could impact future capacity additions. Despite the increase in renewable capacity, NTPC still relies heavily on coal, with a significant portion of its capacity coming from thermal sources. The acquisition of the Sagra thermal power plant is still under discussion, indicating potential delays or complications in finalizing the deal. The company has not yet signed PPAs for some of its major projects, which could affect future revenue streams and project viability. Warning! GuruFocus has detected 3 Warning Sign with BOM:532555. Q: Can you provide details on NTPC Green Energy Limited's (NGL) renewable capacity addition and PPA status? A: The details are available in the uploaded documents. However, we can provide additional specifics separately. (Director of Finance) Q: What are the commissioning targets for FY 2025-26 and FY 2026-27 for both conventional and renewable energy? A: For FY 2025-26, NTPC expects to add 11,806 MW, including 3,580 MW of thermal, 1,000 MW of hydro, and 7,226 MW of renewable energy. For FY 2026-27, the target is 9,904 MW, with 1,460 MW of thermal, 444 MW of hydro, and 8,000 MW of renewable energy. (Director of Finance) Q: What explains the rise in joint venture income during the quarter? A: The increase in joint venture income to 630 crore is due to contributions from various JVs, including NTCL, BPI PCL, HURL, and others. (Director of Finance) Q: How confident is NTPC in achieving the 6.5 GW renewable energy target for this year, given last year's lower addition? A: We are confident based on the projects under construction. Last year's slippage will be compensated, and we are improving our target to 6.5 GW for FY 2025-26. (Director of Finance) Q: Are there any delays in thermal project tendering or awarding? A: There have been some delays, but major projects like Meja are expected to be awarded by the second week of July. (Director of Projects) For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
