Power major National Thermal Power Corporation will list in major stock exchanges on November 5.
State-run utility NTPC plans to more than double its power generation capacity by 2017 from the current 30,000 MW, diversifying further into renewable and nuclear energy.
State-owned NTPC is likely to pick up stake in two coal mines in Indonesia, a move that would help the company secure its raw material requirement.
India is looking at buying coal mines in Australia through two state-owned entities in a bid to bridge the domestic coal supply-demand shortfall, a top government official said on Monday.
NTPC CMD said it will take nearly 3-6 months to put the unit back on track.
The National Thermal Power Corporation is likely to start roadshows, beginning with Mumbai, from the second week of August to lure investors for its maiden initial public offer to raise up to Rs 2,000 crore.
Asked about the plans during the 11th Five Year Plan (2007-2012), which has been pegged at adding 22,000 MW power generation capacity, Sharma said all the projects were on track and running as per schedule. The company, which plans to focus on hydro power generation, would produce its first unit of electricity next year, he said, adding the company has set a target to add 7,000 MW of electricity to its total capacity only through hydro by the end of 2012.
The Public Enterprises Selection Board, which advises and helps government in selection of board members at public sector firms, has started the recruitment process for at least 27 board positions of various PSEs, a number of which have already fallen vacant. Among the Chairman or CMD level vacancies, for which applications are being sought, the positions of HAL Chairman and CMDs at HSL, ECIL, MSTC, STC and BEL would fall vacant between April-June next year.
West Bengal Chief Minister Mamata Banerjee's maiden visit to the financial capital Mumbai drew an enthusiastic response from India Inc with industry captains queuing up to attend the meeting called by her.
Power Minster R K Singh said, "The power supply ramp down and ramp up -- they (officials) handled very smoothly, and I along with my senior officials -- power secretary, POSCO CMD -- were personally monitoring the situation from National Monitoring Centre in the ministry. I congratulate all the engineers of NLDC, RLDC and SLDCs for handling the situation very efficiently especially in huge response to the Prime Minister's call".
Participants are keenly awaiting the rollovers to the next series ahead of the expiry of June F&O.
Investors cheered a sharp decline in the Current Account Deficit, which stands at a 4 year low as exports picked up and gold imports reduced.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances