Tag NTPC

Mumbai, 1st July 2024: NTPC Ltd, India’s largest integrated power utility, recorded a generation of 113.87 billion units (BU) in Q1 FY25, at a growth of 9.5% as compared to the corresponding period of previous year.

During the quarter, NTPC coal stations recorded a plant load factor (PLF) of 79.5%.

NTPC has significantly ramped up its power generation, ensuring a steady and reliable supply of electricity as the nation’s electricity demand continues to soar to newer peaks.

NTPC Ltd. is India’s largest integrated power utility, contributing 1/4th of the power requirement of the country. With a diverse portfolio of thermal, hydro, solar, and wind power plants, NTPC is dedicated to delivering reliable, affordable, and sustainable electricity to the nation. The company is committed to adopting best practices, fostering innovation, and embracing clean energy technologies for a greener future.

Mumbai, 1st July, 2024: NTPC Ltd., India’s leading integrated power utility, has reported a growth of 17.15% in coal despatch from its captive mines during Q1 FY25, as compared to the corresponding period of previous year.

The company achieved an impressive coal despatch of 10.194 MMT during Q1 FY25. Whereas, Coal production stood at 9.862 MMT with a growth of nearly 15% by the end of quarter Q1 FY25.

This outstanding performance reflects NTPC’s relentless commitment to enhancing coal production from its captive mines and ensuring efficient supply to meet the country’s energy requirements.

To achieve sustained growth in coal production, NTPC has implemented a range of strategies and technologies. NTPC remains committed to deliver reliable, affordable and sustainable power to the nation. This remarkable growth in coal production and despatch is a testament to NTPC’s dedication to operational excellence and its contribution to meeting India’s energy demands.

Bengaluru, 12th March, 2024: NTPC & NGEL signed two separate non-binding Memorandum of Understanding (MoU) with RVUNL on 10th March 2024, in a MoU signing ceremony at Chief Minister’s Office in Jaipur, Rajasthan.

The MoU between NTPC & RVUNL was signed to explore opportunities for adding supercritical units to the existing Chhabra Thermal Power Plant. Additionally, the Parties aim to implement measures to enhance efficiency and reduce the generation cost of the plant’s existing units. Furthermore, the MoU also includes the undertaking of 15 to 20-year annuity-based Renovation and Modernization (R&M) of old thermal units of RVUNL by NTPC or its affiliates. The MoU was signed by Shri R Sarangapani, Executive Director, BD, IBD & Consultancy, NTPC and Shri Devender Shringi, Chairman and Managing Director, RVUNL.

The MoU between NGEL & RVUNL was signed for development of Renewable Energy Projects and Green Hydrogen Derivatives up to 25 GW and 1 million Ton capacities respectively in the State of Rajasthan.

The MoU was signed by Shri Rajiv Gupta, Chief Executive Officer, NGEL and Shri Devender Shringi, Chairman and Managing Director, RVUNL.

The signing ceremony took place in the esteemed presence of Shri Bhajan Lal Sharma, Hon’ble Chief Minister of Rajasthan, Shri R K Singh, Hon’ble Minister of Power and New and Renewable Energy, Govt of India, Shri Pralhad Joshi, Hon’ble Minister of Coal & Mines, Govt of India (both connected virtually), Smt. Diya Kumari, Hon’ble Deputy Chief Minister of Rajasthan, Shri Heeralal Nagar, Hon’ble Minister of State for the Energy Department, Government of Rajasthan, Shri Amrit Lal Meena, Secretary Coal, Govt of India, Shri Sudhansh Panth, Chief Secretary of Rajasthan.

On behalf of NTPC Ltd, Shri Gurdeep Singh, Chairman and Managing Director, Shri D.K Patel, Director (HR) and Shri Vivek Gupta, Independent Director along with other senior officials, were also present to grace the occasion.

NTPC Limited is India’s largest integrated power utility having 75+ GW installed capacity that contributes 25% of total electricity demand in India. By 2032, NTPC is looking to expand its non-fossil based capacity to 45-50% of the company’s portfolio that will include 60 GW RE capacity with a total portfolio of 130 GW.

Mumbai, 31th January, 2024: NTPC Limited, India’s largest integrated power utility, today signed a non-binding MoU with Numaligarh Refinery Limited (NRL), a subsidiary of Oil India Ltd engaged in the business of Refining and Marketing of petroleum products, for partnership opportunities in the proposed bamboo-based Bio-Refinery at NTPC Bongaigaon and other Green projects.

The two CPSEs, through this MoU, intend to enhance their footprint in green chemicals and foray into sustainable solutions to advance the efforts towards achieving the nation’s Net-Zero targets and be partner in development of North-East Region.

The MoU was signed in the august presence of Shri Gurdeep Singh, CMD NTPC, Dr Ranjit Rath, CMD OIL & Chairman NRL, and Shri Bhaskar Jyoti Phukan, MD NRL.

NTPC is committed to achieve 60 GW of Renewable Energy capacity by 2032 and be a major player in Green Hydrogen and Energy Storage domain. The company is taking up several initiatives towards decarbonization such as Green Hydrogen, Biofuels, Carbon Capture & Hydrogen Mobility.

The Country’s largest power generator – NTPC Ltd., with a present group installed capacity of almost 74 GW, declared unaudited financial results for third Quarter and Nine Months ending 31 December 2023.

NTPC Group generated 315 Billion Units in 9M FY24 as compared to 295 Billion Units in 9MFY23. NTPC’s standalone gross generation in 9MFY24 is 268 Billion Units as compared to 255 Billion Units in the corresponding previous period.

NTPC Coal stations achieved a Plant Load Factor of 76.40% as against the National Average of 68.51 % during 9M FY24.

On standalone basis, the Total Income of NTPC for 9M FY24 is ₹ 1,21,486 crore as against the corresponding previous period total income of ₹ 1,24,685 crore. Profit After Tax (PAT) for 9MFY24 is ₹ 12,523 crore as against ₹ 11,524 crore in the corresponding previous period, registering an increase of 8.67%.

On consolidated basis, the Total Income of the group for 9M FY24 is ₹ 1,32,349 crore as against the corresponding previous period total income of ₹ 1,33,231 crore. Profit After Tax (PAT) of the group for 9MFY24 is ₹ 14,842 crore as against ₹ 12,250 crore in the corresponding previous period, registering an increase of 21.16%.

The Board of Directors has approved Second interim dividend for FY24 @ 22.5% of paid-up share capital i.e. ₹2.25 per equity share of face value of ₹10/- each.