NTPC Ltd. – Unaudited Financial Results for Q3 & 9M of Financial Year 2017-18

31st Jan, 2018

The Country’s largest power generator - NTPC Ltd. having installed capacity of 51383 MW declared the financial results for the third quarter and nine months of financial year 2017-18.

For 9M FY18, NTPC generated 197.239 Billion units against 186.544 Billion units generated in the corresponding period of the previous year, registering an increase of 5.73%. For Q3 FY18, NTPC recorded double-digit generation growth of 10.40% over the Q3 FY17 generation, represented by 6.386 Billion units. NTPC has posted highest quarterly generation of 67.782 Billion unis during Q3 FY18, surpassing previous highest quarterly generation of 65.047 Billion units during Q2 FY18. For the 9M FY18, NTPC Coal stations achieved PLF of 77.50% as against National average of 59.68%.

Total Income of Rs. 61,590.12 crore for 9M FY18 showed an increase of 5.36% against the Total Income of Rs. 58,455.45 crore reported for the previous corresponding period. For 9M FY18, Profit before Tax is Rs. 9,272.93 crore as compared to Rs. 9,379.95 crore declared in the corresponding period of previous year. The Profit after Tax, for 9M FY18, is Rs. 7,417.58 crore compared to Rs. 7,305.86 crore in the corresponding period of previous year, registering an increase of 1.53%.

The Total Income of Rs. 21,087.84 crore for the quarter registered an increase of 7.34% against Total Income of Rs. 19,646.09 crore in the Q3 FY17. For Q3 FY18, Profit before Tax is Rs. 2,584.78 crore and the Profit after Tax is Rs. 2,360.81 crore.


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NTPC establishes its USD 6.0 Billion MTN programme on India’s international exchange

31st Jan, 2018

NEW DELHI, Jan 30 - India’s largest power producer NTPC has listed its USD 6 billion (about Rs 40,000 crore) MTN programme (debt instrument) on India International Exchange at IFSC, GIFT City (India INX). While doing so, NTPC became India’s first quasi-sovereign company to list at India INX. The Listing was done on 24th January 2018 on the Global Securities Market of India INX; India’s first international exchange.

The listing will help NTPC raise funds at lower costs from international investors and also allow foreign investors to access good quality Indian debt paper.

This is NTPC’s first listing at India International Exchange and we are very happy to be part of India INX at IFSC, GIFT City. Now, for the first time in India, we have the opportunity to reach out to international investors to raise funds using a wide variety of products and currencies, in a similar manner, as available in other international markets. We are excited with this new development and look forward to partnering with India INX in years to come,” said Mr. Gurdeep Singh, Chairman and Managing Director, NTPC Ltd.

Mr. V. Balasubramaniam, MD & CEO at India INX, extended a warm welcome to NTPC’s MTN programme on the GSM Platform.

As an exchange, our endeavour is to offer a transparent, robust, cost effective and efficient capital-raising platform to both global investors as well as Indian issuers. We treasure and value this partnership with NTPC,” Mr. Balasubramaniam added.

About India International Exchange, IFSC, GIFT City:

India International Exchange (India INX) was inaugurated by Prime Minister Narendra Modi in January 2017, setting forth a vision that the International Exchange at GIFT should become a listing destination for issuers from India and the region. It is one of the world’s most advanced technology platforms with a turn-around time of 4 micro seconds and operates for 22 hours a day to allow international investors and Non Residents Indians to trade from anywhere across the globe.

The exchange being located in IFSC, GIFT City, provides competitive advantage in terms of tax structure and supportive regulatory framework. The Global Securities Market (GSM) of India INX went live on 8 Dec, 2017 with publication of its debt listing framework by India INX.


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NTPC felicitates 18 brave hearts for their exemplary acts of courage

25th Jan, 2018

New Delhi, January 25, 2017: With an endeavour to acknowledge, salute and applaud heroic acts of courage, NTPC, India’s largest power utility company, felicitated India’s 18 brave hearts who will be conferred with the esteemed National Bravery Award 2017 on Republic Day, tomorrow. Out of the courageous seven girls and eleven boys who were honoured at a function held at NTPC's Power Management Institute three brave souls were felicitated posthumously.

Congratulating the award winners on behalf of NTPC, Mr. Ajit Bhatnagar, Executive Director (PMI), said “The courage and compassion showcased by these children is commendable. Their bravery, valour and sacrifice serves as an inspiration for all Indians to dutifully perform their responsibilities towards humanity. We salute them and wish them all luck and success for their future endeavours.

Emerging as one of the leading integrated power majors, NTPC strongly believes in supporting and encouraging acts that have a positive impact on the society at large.

The children, hailing for different geographical locations, received the National Bravery Award from the Prime Minister and will be part of the parade on Republic Day.


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NTPC SIGNS PACT WITH JABALPUR ADMINISTRATION FOR PROVIDING E-MOBILITY SOLUTIONS

31st Jan, 2018

India’s largest power generator to develop charging infrastructure for all segments of E-Vehicles

Marking its entry into Electric Vehicle arena as new business venture, NTPC has signed up Jabalpur City Transport Service for setting up the charging infrastructure for all segments of EVs across the city.

India’s largest power generator has signed a tripartite Memorandum of Understanding (MOU) with Jabalpur Smart City Limited and Jabalpur City Transport Services Limited for the city’s foray in the e-mobility.

The MoU was signed by Shri Ved Prakash, Commissioner, Municipal Corporation of Jabalpur & Managing Director, Jabalpur City Transport Services Limited, Shri Gajendra Singh Nagesh, CEO Smart City Jabalpur and Shri Praveen Saxena, General Manager, NTPC.

On this occasion Shri Ved Prakash, Commissioner, Jabalpur Municipal Corporation said “Reducing the dependence on fossil fuels & greenhouse gases emissions is need of the hour and switching over to Electric Mobility will definitely help to achieve the cause. Jabalpur intends to become the model city by adopting the electric mobility for segments of electric vehicles and lead other cities to replicate Jabalpur model. Going ahead the charging of EVs shall be done by Renewable Energy sources making the initiative complete green.

Shri Praveen Saxena, General Manager, NTPC said “NTPC is committed to develop the charging infrastructure for Electric Vehicles across the country. NTPC shall design the optimum charging infrastructure required for the city based on inputs received from Jabalpur administration. At present, the electricity connection shall be secured from Discoms, however, NTPC intends to bring its own Power at its charging stations for making the input electricity cost affordable for EV owners.

The MoU plans to cover all major activities in value chain from planning and designing the complete ecosystem to making investment and operating the charging infrastructure using cloud based system. This is the first major step taken by NTPC where a complete city shall be taken up for developing charging infrastructure for all segments of Electric Vehicles which will support and boost Government of India plans on e-mobility.


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Anand based Solex Energy Limited (SEL), an existing, profit making company engaged into manufacturing of renewable energy products/ solar based products, plans to open its initial public offering (IPO) on 22 January, 2018. The Public issue will be of 13,80,000 equity shares of face value of Rs. 10 each for cash at a price of Rs. 52 per equity share aggregating Rs. 717.60 lakhs. Of these, 72,000 shares will be reserved for subscription by market maker. The net issue will constitute 26.48% of the fully diluted post-issue paid up equity share capital of the Company. The shares would be listed on NSE SME Platform i.e. NSE EMERGE. The IPO will close on 25 January, 2018. Swastika Investmart Limited is the Lead Manager to the Issue and Beeline Broking Limited is the Market Maker to the Issue. Company will utilized the IPO proceed to meet the working capital requirement and General Corporate purpose.
 
Solex Energy Limited was incorporated in year 2014. It is Anand, Gujarat based company. Company is involved in the business to provide Renewable Energy Solutions. Specially company provides Solar Power Plant, Solar Rooftop System & Solar Photovoltaic Module, Solar CFL /LED Street lighting system, Solar Lantern, Solar Petrol Station, Solar Mobile Tower, Solar Water Pumping system-Surface, Solar Water Pumping System Submersible, Solar Water Heater (ETC), Gas Fired Water Heater etc. products in the market. Promoter of Company is Mr. Kalpeshkumar Ramanbhai Patel, who is having experience of more than 24 years in the renewable energy industry.
 
The Company’s strengths include providing solar products, Delivery of Large volumes, process managed by high end technology and standardized ISO 14001:2015 Certification, ISO 9001:2015 Certification, OHSAS 18001:2007 and CE MARK CERTIFIED offering systems of high quality and reliability. Solex modules are TUV certified & tested by the UL India Pvt. Ltd. and comply in accordance with the standards.
 
SEL, based on its Financial Statements, has achieved the revenues from operations of Rs. 3449.60 lakhs and Rs. 4662.14 lakhs and net profit was Rs. 91.64 lakhs and Rs. 38.64 lakhs for the financial years ended 2017 and 2016 respectively. The Company has achieved Revenue of Rs. 635.49 Lakhs and PAT of Rs. 30.87 Lakhs during 4 months ended July 31, 2017. 

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Shri S.K.Roy appointed Director (Projects), NTPC

19th Jan, 2018

Shri Susanta Kumar Roy has been appointed as Director (Projects), NTPC with effect from afternoon of 19th January, 2018. Prior to this , Shri Roy held the post of Executive Director(Projects), NTPC

Shri S.K.Roy, a Mechanical Engineering Graduate from REC, Durgapur joined NTPC in 1981 as Executive Trainee. He is having more than 36 years of experience in large size coal power Stations in the area of operation, maintenance and project construction. He was associated in managing largest station of the country at Vindhyachal. Shri Roy has worked at Korba, Unchahar, Singrauli, Rihand and Vindhyachal stations.

Shri Roy’s experience in power sector include 10 years of senior management level as O&M Head and Business Unit Head of NTPC’s largest stations at Korba and Vindhyachal. He has also worked as Executive Director (Operation Services) at Corporate Centre . Shri Roy has a rich experience and exposure of entire life cycle from concept to commissioning of projects.

Shri Roy during his stint at NTPC has been deputed for overseas managerial, leadership development and technical training programmes to enhance strategic leadership qualities.


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E-mobility is much more than just the clean mobility solution of the future. When electric vehicles are fueled by solar power, it also drives the deployment of photovoltaics forward. Intersolar Europe, the world’s leading exhibition for the solar industry, and Power2Drive Europe, the new exhibition for e-mobility and charging infrastructure, held June 20–22, 2018 in Munich, Germany under the umbrella of The smarter E Europe, will thus showcase the diverse prospects created for the environment by the combination of PV and e-mobility.

 

This press release features multimedia. View the full release here: http://www.businesswire.com/news/home/20180117005988/en/

 
Solar Power generates mobility (Photo: Solar Promotion GmbH)

Solar Power generates mobility (Photo: Solar Promotion GmbH)

Electric vehicles can be driven and charging stations can be fed with electricity from PV systems, making e-mobility a driver of the PV market. Ideally, electric vehicles are charged with solar power directly from the owner’s roof. For example, a PV system with a capacity of 3 kilowatts peak in a single-family home in Germany can provide enough power annually for electric vehicle owners to drive around 14,000 kilometers (8,700 miles) emission free. This is particularly profitable for PV systems with a capacity of up to ten kilowatts, as these are now exempt from the EEG levy on self-consumption in Germany.

 

New business models

 

New business models are also opening up for PV companies and system owners, who can profit from solar filling stations, for example. Installers too are expanding their business activities and making the transition to automobile sales. For example, solar technology suppliers are cooperating with manufacturers to offer electric vehicles for sale or lease.

 

Where energy and mobility interact

 

This development makes a platform that combines the industrial fields of automobiles and energy even more important. With Intersolar and Power2Drive Europe, The smarter E Europe closes the gap between the two fields. The combination of PV and e-mobility also plays a significant role in the presentations at the Intersolar Europe Conference and Power2Drive Europe Conference. Visitors here can learn all about the most important topics in the industry – from innovative charging solutions to technologies for PV systems.

 

The smarter E Europe

 

The smarter E Europe, the innovative platform for new energy solutions, forms an umbrella for events and topics that drive the new energy world by bringing together four energy exhibitions: Intersolar Europe, ees Europe, Power2Drive Europe and EM-Power.

 

 

 

 
MULTIMEDIA AVAILABLE :
http://www.businesswire.com/news/home/20180117005988/en/
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