Coal-fired power plants of Odisha Power Generation Corporation (OPGC), the only state owned thermal power producer and National Thermal Power Corporation (NTPC) are battling critical coal stock.
Global rating agency Fitch today revised its outlook on Issuer Default Ratings of seven state-owned firms, including GAIL, IOC and NTPC, to stable from negative.
NTPC Ltd, India's state-owned and largest power generator, takes pride in the rapid pace at which it has added generation capacity, largely thermal, over the past five years.
NTPC, India’s largest power generator, reported a 69 per cent jump in net profit for the quarter ended March, owing to the settlement of past dues of power sales.
State-owned power generator NTPC Ltd's plan to spend around Rs 9,600 crore to revive its old power plants might help revive the ailing power equipment sector as well.
The 3,000 Mw super thermal power station of NTPC Ltd at Kaniha near Talcher has started receiving coal from newly linked Kaniha coal mines of Mahanadi Coalfields Ltd (MCL).
The Central Electricity Regulatory Commission (CERC) has dismissed a petition filed by private power companies that claims state-run generator NTPC Ltd “abused its dominant position&" in the sector by entering into long-term purchase deals with
Electricity regulator CERC has ruled that state-run NTPC did not abuse its dominant position in signing power purchase agreements, as alleged by private power producers.
Instances of corruption and irregularities involving embezzlement of funds in NTPC have been brought to the notice of government and various measures are being taken to prevent recurrence of such incidents, Parliament was informed.
Power Minister Jyotiraditya Scindia today efforts were being made to resolve the "contentious" issue of coal quality between NTPC and Coal India and said his Ministry will hold meetings with the Coal Ministry on the matter.
Power Minister Jyotiraditya Scindia will meet Coal minister Sriprakash Jaiswal on Thursday to discuss coal quality issues affecting state-run NTPC and Coal India.
An analysis of shareholding data of Nifty companies shows foreign investors increased holdings in power major NTPC most, followed by private sector lenders Axis Bank and IndusInd Bank.
After days of intense stand-off over quality of fuel with NTPC, Coal India Ltd today said it will resume full supplies even as the power producer continued to raise the quality issue.
