Talking to reporters after the meeting, NTPC chairman and managing director Arup Roy Choudhury said the company plans to invest Rs 20,000 crore (Rs 200 billion) in the current fiscal and was confident of the capex plan.
The development holds bilateral significance, as both India and Bangladesh had decided to improve economic ties in a 'win-win' mode during Bangladesh Prime Minister Sheikh Hasina's visit earlier this year.
Under the impact of the global economic downturn, profit making central public sector enterprises are expected to see an average dip of 15-20 per cent in their earnings in 2008-09, SCOPE's chief Arup Roy Choudhury said.
NTPC on Tuesday asked the two BSES utilities to make their payments and said in the event of failure to do so it would be forced to regulate supplies to the state discoms.
Many private players have been under pressure due to factors such as macro-economic issues and delay in receivables from state electricity boards with weak financial health.
The government has constituted a committee headed by NTPC Chairman Arup Roy Choudhury to study the proposal and submit a report in two months time.
'The package is for the distressed farmers who are committing suicide due to the severe drought,' Nitin Gadkari tells Arup Roy Choudhury and Sanjeeb Mukherjee.
Budget forces last minute change in finance minister's plans.
NTPC to be the worst hit, stock slides to five-year low on announcement.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances