NTPC Ltd. has signed a foreign currency loan agreement worth $ 750 million with the IFSC Banking Units (IBUs) of Bank of Baroda and HDFC Bank, located in GIFT City, Gandhinagar. A NTPC statement said this unsecured, syndicated External Commercial Borrowing (ECB) facility comprises a base amount of $ 500 million and a greenshoe option … Read more
MUMBAI – State-owned power producer NTPC Ltd has received board approval to hive off its coal mining operations into a wholly-owned subsidiary NTPC Mining Ltd. The coal mining business generated revenue of Rs 4,012 crore in FY23, and contributed 2.25% to NTPC’s total revenue during the period. NTPC Mining is a 100% subsidiary of NTPC … Read more
MUMBAI – State-owned power producer NTPC Ltd reported a 9.4% year-on-year (YoY) rise in net profit for the quarter ended June to Rs 4,066 crore. Revenue from operations, however, declined 2.3% YoY to Rs 39,122.25 crore. Total expenses for the quarter was Rs 33,528.14 crore, compared to Rs 35,598.4 crore a year ago. Operating profit, … Read more