#1
19th March 2016, 09:05 AM
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History of National Thermal Power Corporation
Can you provide me the history of NTPC Limited (National Thermal Power Corporation Limited)? Also provide me the contact detail of NTPC Limited (National Thermal Power Corporation Limited)?
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#2
19th March 2016, 09:06 AM
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Re: History of National Thermal Power Corporation
NTPC Limited (National Thermal Power Corporation Limited) is an Indian Central Public Sector Undertaking (CPSU) under the Ministry of Power, Government of India, engaged in the business of generation of electricity and allied activities. History 1975 to 1994 The National Thermal Power Corporation was founded in November 1975 as "National Thermal Power Corporation Private Limited" and started work on its first thermal power project in 1976 at Singrauli in Uttar Pradesh. In 1975 only, its name was changed to "National Thermal Power Corporation Limited". In 1983, it began commercial operations (of selling power) and earned profits of INR 4.5 crores in FY 1982-83. By the end of 1985, it had achieved power generation capacity of 2000 MW. In 1986, it completed synchronisation of its first 500 MW unit at Singrauli. In 1988, it commissioned two 500 MW units, one each in Rihand and Ramagundam. In 1989, it started a consultancy division. In 1992, it acquired Feroze Gandhi Unchahar Thermal Power Station (with 2 units of 210MW capacity each) from Uttar Pradesh Rajya Vidyut Utpadan Nigam of Uttar Pradesh. By the end of 1994, its installed capacity crossed 15,000 MW. 1995 to 2004 In 1995, it took over the Talchar Thermal Power Station from Orissa State Electricity Board. In the year 1997, Government of India conferred it with "Navratna" status. In the same year it achieved a milestone of generation of 100 billion units of electricity in a year. During 2000, it commenced construction of its first hydro-electric power project, with 800 MW capacities, in Himachal Pradesh. In 2002, it incorporated 3 subsidiary companies: "NTPC Electric Supply Company Limited" for forward integration by entering into the business of distribution and trading of power; "NTPC Vidyut Vyapar Nigam Limited" for meeting the expected rise in energy trading; "NTPC Hydro Limited" to carry out the business of implementing and operating small and medium hydro-power projects. It got listed on BSE and NSE on 5 November 2004. Against the issue price of INR 62 per share, it closed the first day of listing with INR 75.55 per share. On the day of listing, it becomes the third largest company in India in terms of market capitalization. 2005 to Present In October 2005, the company's name was changed from "National Thermal Power Corporation Limited" to "NTPC Limited". In 2006, it entered into an agreement with Government of Sri Lanka to set up two units of 250 MW each in Trincomalee in Sri Lanka. During 2008 and 2011, it entered into Joint Ventures with BHEL, Bharat Forge, NHPC, Coal India, SAIL, NMDC and NPCIL to expand its business of power generation. By the end of 2010, its installed capacity crossed 31,000 MW. In 2009, it joined forces with other state enterprises Rashtriya Ispat Nigam, Steel Authority of India, Coal India, National Minerals Development Corporation and National Thermal Power Corporation to invest in coal mining operations through a joint venture vehicle named International Coal Ventures Private Limited (ICVL). In July 2014 ICVL acquired a 65% stake in the Benga coal mine in Mozambique from the Rio Tinto Group |