NTPC Q2 Results: Net profit grows 14% to Rs 5,380 crore

NTPC Q2 Results: Net profit grows 14% to Rs 5,380 crore

State-owned power giant NTPC Limited on Thursday posted about 14 per cent rise in consolidated net profit to Rs 5,380.25 crore for the September quarter. Its net profit in the year-ago period stood at Rs 4,726.40 crore, a BSE filing said. The total income, however, fell to Rs 45,197.77 crore in the quarter from Rs … Read more

India gets Rs 16.93 lakh cr investment in power, RE since 2014, Rs 17.05 lakh cr in pipeline

India gets Rs 16.93 lakh cr investment in power, RE since 2014, Rs 17.05 lakh cr in pipeline

New Delhi: A whopping investment of Rs 17.05 lakh crore is in the pipeline in power and renewable energy sector, which has attracted around 16.93 lakh crore of investment since 2014, Union minister R K Singh said on Monday. As much as 80 GW of thermal power generation capacity is under construction which we will … Read more

Adani Power promoters sell 8.1% stake for $1 billion

Adani Power promoters sell 8.1% stake for  billion

Mumbai: Two promoter entities of Adani Power Ltd sold shares worth more than ₹8,710 crore (over $1 billion) to US-based investment firm GQG Partners, its co-investors, and others on Wednesday in block deals. Worldwide Emerging Market Holding Ltd and Afro Asia Trade and Investments Ltd, the two promoter entities, together sold 312 million shares translating … Read more