Nifty futures were trading 71.50 points or 0.5 per cent up at 14,785.50 on Singaporean Exchange, suggesting a gap-up start for BSE Sensex and Nifty 50 on Wednesday
RGPPL was incorporated on July 8, 2005, and is promoted by NTPC Ltd and GAIL (India) Ltd. The company was set up to take over and revive the assets of Dabhol Power Company Project.
Nifty futures were seen trading 35.75 points or 0.25 per cent higher at 14,075.50 on Singaporean Exchange, hinting a fresh record high opening for BSE Sensex and Nifty 50 on Wednesday
Brokerage and research firm JM Financial, in a recent report, said that their analysis has highlighted a disconnect between PSU valuations and operational performance both vis-à-vis historical averages and the broader market
Frequent stake sale by the government, FII selling, and major earnings hit have been cited as the reasons behind the stark underperformance of PSU stocks.
Alstom Bharat Forge Power, a joint venture of GE and Bharat Forge, has signed a contract worth USD 219 million (about Rs 1,495 crore) with NTPC for supply of steam turbine generators.
State-owned NTPC today said that right now it has no plans to buy back shares. "As of now we don't have any formal communication nor there is any further buyback from our side," company's Chairman and Managing Director Gurdee
Moody's Investors Service today said NTPC's 2015-16 results were in line with its projections and the company's financial position is likely to remain within its rating expectation over the next 12-18 months.
NTPC Q4 results: Total standalone income of the company has dipped from Rs 19,879.38 crore in the fourth quarter of 2014-15 to Rs 18,560.70 crore during the period under review.
Delhi Congress today hit out at the AAP government and the BJP-led Centre over the power woes in the national capital, saying the situation was due to generation of less than installed capacity of the power plants.
Coal India said it has entered into a pact with power PSU NTPC for setting up of a joint venture firm to revive fertiliser plants at Sindhri and Gorakhpur.
According to the latest available generation data from the Central Electricity Authority (CEA) – the Tentative monthly generation report for Feb 2016...
Having estimated that the new environmental norms for coal-based power units would inflate their capital costs by over a quarter or R1.25-1.5 crore/megawatt, state-run NTPC...
LIC, which had 9.08 per cent stake earlier, hiked its shareholding in the company to 12.98 per cent by buying shares between July 25, 2014, and February 24, 2016, NTPC said in a filing to the BSE.
With Life Insurance Corporation having subscribed to around 41% of NTPC's issue of shares on Tuesday, the power producer's offer for sale (OFS) sailed through attracting a total subscription of 1.8 times.
NTPC shares declined as much as 3 per cent after government started selling 5 per cent stake in India's largest power producer at a floor price of Rs 122 per share to raise Rs 5,029 crore.
Mahindra CIE Automotive shares ended the day 8.32 per cent down at Rs 176.90 after the company on Monday reported 62.24 per cent fall in its net profit figures to Rs 4.97 crore for the quarter ended December 2015.