Ntpc

NTPC plans to set up nuclear power project in Bihar, says CMD Gurdeep Singh

Power giant NTPC has plans to set up a nuclear project in Bihar, a move which will increase its non fossil energy portfolio, the company's Chairman and Managing Director (CMD) Gurdeep Singh said on Thursday. NTPC has also requested the state government for a land parcel at a suitable location to take forward its nuclear plans, he said addressing a session at the 'Bihar Business Connect 2024' summit here. "Looking at the future of the energy sector, nuclear (energy) is expected to become extremely important for the energy sector, 20-30 years down the line. I want to share that NTPC is now entering the nuclear energy space," Singh said. Without sharing any further details, he said NTPC will conduct a study before taking ahead the plans to set up the nuclear project in the state. On September 11, the Indian government gave its approval to the Anushakti Vidhyut Nigam Ltd (ASHVINI), a joint venture of Nuclear Power Corporation of India Ltd NPCIL (51 per cent) and NTPC (49 per cent) to

Mutual funds go big on fresh issuances in November, shows data

Most of the MF investments in the three companies (Swiggy, Zomato and NTPC) are likely to have happened in the primary market, with mutual funds being major investors during the IPO anchor allotments

Meja Urja Nigam board approves first dividend of Rs 350 cr for FY25

UP-based Meja Urja Nigam Pvt Ltd (MUNPL) on Wednesday said its board has approved the first interim dividend of Rs 350 crore for the current financial year. The dividend will be paid in ratio of 50:50 to promoter entities NTPC Ltd and Uttar Pradesh Rajya Vidyut Utpadan Nigam Ltd (UPRVUNL) by this week, the company said in a statement. "The Board of Directors on Tuesday approved the payment of an interim dividend of Rs. 0.96 per ordinary share of Rs 10 each, totalling Rs 350 crore for the current 2024-25 fiscal year," MUNPL said. CEO Kamlesh Soni said the company is actively pursuing a significant capacity addition of 5600 megawatt (MW). MUNPL recently inaugurated an ash brick plant to produce 12 lakh environment-friendly ash bricks annually to meet the plant's in-house requirements. CFO Amit Rautela said,"This is the first interim dividend for the running financial year. It will build the promoters' and all stakeholders confidence in the company, which is a result of the strong ..

Better execution needed to justify valuation for NTPC Green Energy

If we project forward to FY28, NGEL's current portfolio of ongoing projects with 17GW will contribute fully to earnings, with around 55 per cent annual growth in operating profit over FY2024-28

NTPC Green freezes at 10% upper circuit; surges 32% over issue price

With 4,294MW of operational solar and wind capacity supported by 25-year power purchase agreements (PPAs), NTPC Green aims to add 16GW of renewable energy in the next three years

Stocks to Watch, Nov 27: Wipro, NTPC Green, JSW Steel, SAIL, Angel One

From NTPC to Wipro here is a list of stock that will be on investors' radar today

Ahead of IPO, NTPC Green Energy sets up joint venture with MSPGCL

State-owned NTPC on Tuesday said its arm has set up a 50:50 joint venture with Maharashtra State Power Generation Company Ltd. The two parties have launched MAHAGENCO NTPC GREEN ENERGY PRIVATE LIMITED (MNGEPL), which will develop, operate and maintain renewable energy parks in Maharashtra. According to a regulatory filing, the MNGEPL was incorporated on November 25, 2024, as a 50:50 joint venture of NTPC Green Energy Ltd (NGEL), a wholly-owned subsidiary of NTPC Ltd and Maharashtra State Power Generation Company Ltd (MAHAGENCO), a Government of Maharashtra owned company. The JV will be engaged in the business of developing, operating and maintaining renewable energy parks in Maharashtra under UMREPP and allot parks for development of Renewable Energy Projects, it added. The NGEL has subscribed 50,000 equity shares at the face value of Rs 10 each.

NTPC Green Energy's Rs 10,000 cr IPO gets fully subscribed on final day

The initial public offering of NTPC Green Energy Ltd, the renewable energy arm of NTPC, got fully subscribed on the third day of the share sale on Friday. The Rs 10,000-crore share sale received bids for 60,68,16,774 shares, as against 59,31,67,575 shares on offer, translating into 1.02 times subscription, as per NSE data till 11:27 hours. The portion for Retail Individual Investors (RIIs) got subscribed 2.70 times. The quota for Qualified Institutional Buyers (QIBs) fetched 75 per cent subscription, while the non-institutional investors part got subscribed 42 per cent. NTPC Green Energy has mobilised Rs 3,960 crore from anchor investors. The initial share sale is entirely a fresh issuance of equity shares with no offer-for-sale (OFS) component. The issue has a price band of Rs 102-108 per share. Proceeds from the IPO to the tune of Rs 7,500 crore will be used to repay or prepay part or all of its subsidiary NTPC Renewable Energy Ltd's (NREL) outstanding loans and a portion will b

Stocks to watch, Nov 22, 2024: Adani Group stocks, Tata Power, NTPC, LIC

Stocks to watch on November 22, 2024: Here is a list of stocks from Infosys to Hyundai Motor India which will be on radar today

​Should you dump Adani Green stock for NTPC Green IPO? What analysts say

Vneet Jaain, former chief executive officer at Adani Green Energy along with Adanis, prosecutors said, raised over $3 billion in loans and bonds by hiding their corruption from lenders and investors

Moderated NTPC Green IPO price band with changing market sentiment: CMD

Company officials pointed at the impact of US election results on the Indian markets and the subsequent slump of benchmark indices

NTPC Green allots shares worth Rs 3,960 crore to anchor investors

Anchor allotment is made to marquee investors a day before the IPO to instil confidence and provide cues to other investors

NTPC Green Energy IPO subscribed 33% on Day 1; retail portion fully booked

The initial public offer of NTPC Green Energy Ltd, the renewable energy arm of NTPC, got subscribed 33 per cent on the first day of share sale on Tuesday. The share sale received bids for 19,46,53,968 shares against 59,31,67,575 shares on offer, according to data available with the NSE. The portion for Retail Individual Investors (RIIs) fetched 1.33 times subscription while the category for non-institutional investors got subscribed 15 per cent. NTPC Green Energy has mobilised Rs 3,960 crore from anchor investors. The Rs 10,000-crore initial share sale is entirely a fresh issuance of equity shares with no offer-for-sale (OFS) component. The issue, with a price band of Rs 102-108 per share, will be available for public subscription from November 19 to 22. Proceeds from the IPO to the tune of Rs 7,500 crore will be used to repay or prepay part or all of its subsidiary NTPC Renewable Energy Ltd's (NREL) outstanding loans and a portion will be utilised for general corporate purposes.

Share Market Today: NTPC Green IPO; Waaree Energies Q2 nos & Fund Flows

In the previous session, Sensex fell 0.31 per cent to end at 77,339.01, while the Nifty slipped 0.34 per cent to settle at 23,453

Stocks to watch, Nov. 19: NTPC, Waaree Energies, Bajaj Fin, ITI, SpiceJet

Here is a list of stocks that will be in the limelight for November 19 session

Analysts bullish on NTPC Green Energy IPO; eye long-term potential

NTPC Green Energy's IPO opens for public subscription from Tuesday, November 19, 2024, to Friday, November 22, 2024. Brokerages have weighed in on the offering, with recommendations as follows

NTPC pays Rs 2,424 crore as interim dividend to shareholders for FY25

State-owned NTPC on Monday said it has paid Rs 2,424 crore as an interim dividend to its shareholders. The company paid its first interim dividend of Rs 2,424 crore for the financial year 2024-25 on November 18, representing 25 per cent of the company's paid-up equity share capital, NTPC said in a statement. NTPC CMD Gurdeep Singh, along with the Board of Directors of the company, presented the "payment advice of Rs 1,238.84 crore, representing the government's share to the Minister of Power Manohar Lal, Power Secretary Pankaj Agarwal", it added. On October 24, the Board of Directors of NTPC approved the first interim dividend of Rs 2.50 on the face value of shares of Rs 10 each for the financial year 2024-25. This marks the 32nd consecutive year that NTPC has distributed dividends to its shareholders. In a separate statement, NTPC said it is setting up a plant at Simhadri in Andhra Pradesh to produce green hydrogen from seawater. "For seawater processing, NTPC has implemented an

IPO-bound NTPC Green targets to invest Rs 1 trn in solar, wind assets

IPO-bound NTPC Green Energy is aiming to invest up to Rs 1 lakh crore in solar and wind assets by FY27, a top official said on Wednesday. Assuming about 20 per cent of the investment to come from equity, it will need Rs 20,000 crore of its own funds for the expansion, its chairman and managing director Gurdeep Singh told reporters here, adding that Rs 10,000 crore of funds will be coming through the upcoming initial public offering. The company will be able to raise the remaining resources through internal accruals, he added. For the debt part, the company enjoys a very good credit rating from multiple agencies courtesy the strong parentage in India's biggest power producer NTPC, Singh said, stressing that this enables it to land debt at softer rates when compared to rivals. NTPC Green Energy, which has an installed capacity of 3,220 MW right now, is aiming to take up the same number to 6,000 MW by March 2025, 11,000 MW by March 2026 and 19,000 by March 2027, Singh said, adding tha

NTPC Green targets $10.8 billion valuation in IPO, analysts flag concerns

Some analysts flagged concerns over NTPC Green's valuation, including on a price-to-earnings (PE) basis

NTPC Green targets $10.8 billion valuation in IPO, analysts flag concerns

Some analysts flagged concerns over NTPC Green's valuation, including on a price-to-earnings (PE) basis