NTPC to Generate 248 Billion Units of Power

KOLKATA, India - July 19, 2016 - PRLog -- State-owned NTPC on Tuesday said it would strive to generate 248 billion units during the current financial year. NTPC has stated in a statement that the company has signed a Memorandum of Understanding (MoU) with Government of India for the year 2016-17. According to the signed MoU, NTPC shall make every effort to generate 248 billion units during the year under "excellent" category. Further, NTPC also stated that the company has a capital expenditure target of Rs 30,000 crore under 'Excellent' category.

Moreover, parameters associated with operational efficiency, projects monitoring, and financial performance are also the elements of signed pact in line with MoU guidelines of Department of Public Enterprises. The MoU was signed by the Power Secretary Pradeep Kumar Pujari and NTPC CMD Gurdeep Singh.

NTPC satisfies power needs of the country through 18 coal-based, seven gas-based, one hydro-based, nine renewable energy projects and nine JVs/subsidiaries. The company has a total installed capability of 47,178 MW at present.

Subsidiaries of NTPC:

NTPC Electric Supply Company Ltd. (NESCL): It is a wholly owned subsidiary company of NTPC and was formed on August 21, 2002. Its entry into power distribution was by forming a 50:50 JV company 'KINESCO Power and Utility Private Ltd.' with Kerala Industrial Infrastructure Development Corporation (KINFRA).

NTPC Vidyut Vyapar Nigam Ltd. (NVVN): it's a wholly owned subsidiary to tap the potential of power trading in the country. The company carries the highest category 'I' trading license from CERC.

Kanti Bijlee Utpadan Nigam Limited: To acquire the Muzaffarpur Thermal Power Station (2*110MW), a subsidiary company named 'Vaishali Power Generating Company Limited (VPGCL)' was formed on September 6, 2006, with NTPC contributing 51% of equity and the balance equity was added by the Bihar State Electricity Board. The company was rechristened as 'Kanti Bijlee Utpadan Nigam Limited' on April 10, 2008.

Bharatiya Rail Bijlee Company Limited (BRBCL): A subsidiary of NTPC under the name of 'Bharatiya Rail Bijlee Company Limited' was formed on November 22, 2007, with 74:26 equity contribution from NTPC and Ministry of Railways, Govt. of India respectively.

NTPC share price (https://www.dynamiclevels.com/en/ntpc-share-price) had been trading at Rs. 156.20 with 0.39% rise. The stock has been identified as top 500 performing share from among the 1700 stocks by dynamic levels. The company has not incurred any loss in last two quarters. The Lifetime high and low value of NTPC share price are Rs. 290.75 and Rs. 70 respectively. Check support and resistance of NTPC at NTPC share price forecast (https://www.dynamiclevels.com/en/ntpc-share-price-forecast)page.