Power major, NTPC Ltd has said that it has received clearance from the union ministry of environment and forests (MoEF) for the 3x800 MW Kudgi Super Thermal Power Project Stage-I.

The project is being set up in Bijapur district of the southern state of Karnataka. The Board of Directors of the state run company cleared investment proposal amounting to Rs 15,166 crore for the project, it said in a statement.

New Delhi July 8 : State-run power utility major NTPC Friday entered into an agreement with the State Bank of India (SBI) for a loan of Rs. 10,000 crore for its capacity expansion plans.

"NTPC signed the loan (agreement) to surge ahead its capacity expansion plans and to finance the capital expenditure of its ongoing project," the company said in a statement.

The statement further said: "Rupee term loan has a door to door maturity of 12 years with a draw down period of 4 years."

According to reports, the coal ministry has put on hold the five coal acreages, along with the three given to state run generation utility, NTPC stating that the companies displayed lack of seriousness in developing them.

However, NTPC has reacted to the statement, as they said; “the decision was irrational and lacked transparency since the company has completed more work in its blocks than other private firms had done in their mines”.

Mumbai, May 10 : India's top power producer National Thermal Power Corporation (NTPC) Tuesday posted 38 percent increase in its net profit at Rs. 2,781.84 crore for the quarter ended March 31 as against Rs. 2,017.65 crore during the like period of the last fiscal.

Net sales grew 25.62 percent at Rs. 15,518.94 crore during the quarter under review as compared to Rs. 12,353.39 crore during the like quarter of the last financial year, the company said in a regulatory filing.

The company also recommended final dividend of Rs. 0.80 per equity share.

NTPC’s reported PAT remained flat at Rs23.7bn during the quarter. However, its adjusted PAT grew by 11% y-o-y to Rs23.2bn, marginally ahead of our estimate of Rs22.3bn. Generation remained flat at 54.7BU, despite higher capacity, as some of its units had to back down due to low demand schedule. It has tied up over 100GW under long term PPA’s with various SEB’s, thus giving comfort vis-à-vis private IPPs like JSW Energy who have higher exposure to the merchant market. Maintain HOLD with a target price of Rs216.

Continue to gross up by MAT

Technical analyst PK Agarwal of Purpleline Investment has maintained 'buy' rating on NTPC Limited stock with a target of Rs 220.

According to analyst, the investors can buy the stock with a stop loss of Rs 195.

The stock of the company, on December 30, closed at Rs 201.90 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 241.70 and a low of Rs 179.25 on BSE.

Current EPS & P/E ratio stood at 10.10 and 19.86 respectively.

The Unit VII (500 MW) of the company's Korba project in Chhattisgarh attained full capacity on Sunday.

Stock market analyst Kunal Saraogi has maintained 'buy' rating on NTPC Ltd stock a target above Rs 195.

According to analyst, the interested investors can buy the stock with a stop loss of Rs 190.

The stock of the company, on Nov 16, closed at Rs 187 on the Bombay Stock Exchange (BSE).

Current EPS & P/E ratio stood at 10.10 and 18.53 respectively.

The share price has seen a 52-week high of Rs 241.70 and a low of Rs 190.90 on BSE.

Adjusted for one-offs 1) write back of depreciation and AAD (Rs17.6bn), 2) provisions (Rs12.6bn), 3) prior period sales (Rs1.8bn), 4) incentives given to employees (Rs1.2bn) and 5) deferred tax liability arising out of change in accounting policy for depreciation (Rs2.4bn), NTPC's Q2 FY11 adjusted PAT of Rs16.7bn was below our estimate and 22% lower than Q2 FY10. During the quarter it commissioned 490MW at Dadri. As a result, NTPC's generation was higher by 3.7% y-o-y to 52.2BU..

Grossing up the RoE by MAT and one-off's hit PAT

Capacity addition remains muted

CEA estimates 2.5GW to be added during FY11

Stock market analyst Ashwani Gujral has maintained 'buy' rating on NTPC Limited stock with a target of Rs 235.

According to analyst, the interested investors can buy the stock with stop loss of Rs 203.

As per Mr. Gujral, the said target will be achieved in a period of 2-3 weeks.

The stock of the company, on Sep 27, closed at Rs 214.50 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 241.70 and a low of Rs 193 on BSE.

Current EPS & P/E ratio stood at 10.16 and 21.48 respectively.

Under blaze from the coal ministry for slow down in evolving its confined coal mines, state-run cohort utility NTPC has expressed that it will commence production from its Pakri Barwadhi mine in Jharkhand  from the coming next year, company chairman Arup Roy Choudhury stated on Friday.

Further Roy Choudhury also expressed that NTPC will not withdraw from its hydel venture in the stir of the government fragmenting its Lohari Nag Pala project in Uttarakhand on environmental issues.

Stock market analyst Hitesh Chotalia has maintained 'buy' rating on NTPC Ltd stock to achieve an intraday target of Rs 205.

According to analyst, the interested investors can buy the stock with strict stop loss of Rs 191.

The stock of the company, on August 31, closed at Rs 195.75 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 241.70 and a low of Rs 193 on BSE.

Current EPS & P/E ratio stood at 10.16 and 19.36 respectively.

It may have lost a unit, but the things are not taking bad shape for the state-run power company, NTPC. Just two days after the group of ministers scrapped its controversial Loharinag Pala hydro project, there is news that it will be fully compensated for the loss that it faced.

The total capacity of the Pala hydro project was 660 MW and has been betting big on it to make its position stronger in the hydro-power division. Now, the Union Power Minister, Sushil Kumar Shinde has said that he would try his best to get NTPC the full compensation.

Amidst several rounds of controversies that are already hovering on the heads of Kalmadi and his other officials, a threat from NTPC to pull out of the CWG comes as a shock.

It has been learned from the sources that the PSU is saying that it wants absolute clarity on how its funds are being used because it remains answerable to Controller and Auditor General (CAG) and Central Vigilance Commission.

The NTPC 4,000 MW power project, which was an initiative by Manmohan Singh and Rahul Gandhi to develop the under-developed regions of Bundelkhand in Uttar Pradesh, was recently abandoned by NTPC due to non-cooperation by the UP state government.

The UP government apparently flouted the rule of demanding 50% of the electricity generated for the state by asking for the entirety of it.

Following private companies like Tata and other, state-owned power company, NTPC has also decided to move its shop from state of UP and setting it up in MP.

The project is for building up of a plant with a capacity of producing 4,000-MW.

And the reason cited by the company is that there are growing conflicts between the state government of UP and itself which has led to this stage. It has now shifted the plant to Barethi in Madhya Pradesh.

NTPC declared as recent as today that it plans to establish a 1,320 Mw coal-based thermal power plant in the state of Gujarat. The Gujarat government has approved of this project and allowed its setting up on the excess land in Dhuvaran in Gujarat. This will be side by side the already existent plant there under the Gujarat State Electricity Corporation (GSECL),

National Thermal Power Corporation Ltd (NTPC), leading producer of thermal power in the country has seen a fall in profit for the quarterly basis, but an increase in terms of yearly basis.

In both the results announced by the company on Monday, it said that it saw a profit of Rs. 20,176.50 million for the quarter ending March 31, 2010. While profit is there, but it is lesser than Rs. 21,133.50 million profit that it saw in the same period last year.

In a declaration, the company officials said that NTPC will produce another 660 MW by October 2010, commissioning a new facility of its coal-fired power plant at Sipat in Chhattisgarh.

The report said that two divisions of the Sipat facility in Chhattisgarh's Bilaspur district fabricate 1,000 MW.

As part of company's growth plan, NTPC plans to produce 1,980 MW extra power with another three plants having capacity of 660 MW each.

The National Thermal Power Corporation Ltd. has announced that it will invest Rs55,000 crore in Orissa to generate additional 9320Megawatt power. The largest power generation company in the country, NTPC Ltd. has unveiled its ambitious investment plan in the capital of Orissa, Bhubaneswar. It has informed that the investment will be taken place during the 12th plan period.

The state owned National Thermal Power Corporation (NTPC) is still awaiting clearances from the Mayawati's government to set up a 4,000 MW plant in Barghad area of Banda district of the region.

It may be noted here that the interest in the Barghad project was shown after the PSU ruled out a possibility of the JV with the state government for the Lalitpur project wherein the plant was supposed to be of 4,000 MW.