|Traded as||BSE: 532555
BSE SENSEX Constituent
CNX Nifty Constituent
|Headquarters||New Delhi, India|
|Key people||Arup Roy Choudhury
(Chairman & MD)
|Services||Electricity generation and distribution
natural gas exploration, production, transportation and distribution
|Revenue||INR 72,540 Crores (US$ 12.8 billion) (2012-13)|
|Net income||INR 16,611 Crores (US$ 2.9 billion) (2012-13)|
|Employees||25,484 (March 2013)|
NTPC Limited (formerly known as National Thermal Power Corporation Limited) is a Central Public Sector Undertaking (CPSU) under the Ministry of Power, Government of India, engaged in the business of generation of electricity and allied activities. It is a Company incorporated under the Companies Act 1956 and a "Government Company" within the meaning of the Act. The Headquarters of the Company is situated at New Delhi. NTPC's core business is generation and sale of electricity to state-owned power distribution companies and State Electricity Boards in India. The company also undertakes consultancy and turnkey project contracts that comprise of engineering, project management, construction management and operation and management of power plants. The company has also ventured into oil and gas exploration and coal mining activities. It is the largest power company in India with an electric power generating capacity of 42,454 MW. Although the company has approx. 18% of the total national capacity it contributes to over 27% of total power generation due to its focus on operating its power plants at higher efficiency levels (approx. 83% against the national PLF rate of 78%).
It was founded by Government of India in 1975, which held 75% of its equity shares on 31 March 2013 (after divestment of its stake in 2005, 2009 and 2012).
In May 2010, NTPC was conferred Maharatna status by the Union Government of India. It is listed in Forbes Global 2000 for 2012 at 384th rank in the world.
- 1 History
- 2 Operations
- 3 NTPC Plants and their installed capacity
- 4 Future Goals
- 5 Listings and shareholding
- 6 Employees
- 7 Awards and recognitions
- 8 Criticism
- 9 See also
- 10 References
- 11 External links
1975 to 1994
The company was founded in November 1975 as "National Thermal Power Corporation Private Limited". It started work on its first thermal power project in 1976 at Singrauli in Uttar Pradesh. In the same year, its name was changed to "National Thermal Power Corporation Limited". In 1983, NTPC 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. In 1998, it commissioned its first naptha-based plant at Kayamkulam with a capacity of 350 MW. In 1999, its plant in Dadri, which had the highest plant load factor (PLF) in India of 96%, was certified with ISO-14001. During 2000, it commenced construction of its first hydro-electric power project, with 800 MW capacity, in Himanchal 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. In the same year its installed capacity crossed 20,000 MW.
Listing:NTPC 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 become the third largest company in India in terms of market capitalisation.
2005 to present
In October 2005, the company's name was changed from "National Thermal Power Corporation Limited" to "NTPC Limited". The primary reason for this change was the company's foray into hydro and nuclear based power generation along with backward integration by coal mining. 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, NTPC 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.
NTPC operates from 55 locations in India, one location in Sri Lanka and 2 locations in Bangladesh.
Headquarters: In India, it has 8 head quarters (HQ):
Scheduling and generation despatch: The Scheduling and Despatch of all the generating stations owned by National Thermal Power Corporation is done by respective Regional Load Despatch Centres which are the apex body to ensure integrated operation of the power system grid in the respective region. All these Load Despatch Centres come under Power System Operation Corporation Limited (POSOCO).
NTPC Plants and their installed capacity
The total installed capacity of the company is 41,794 MW (including JVs) with 17 coal-based and seven gas-based stations, located across the country. In addition under JVs (joint ventures), six stations are coal-based, and another station uses naphtha/LNG as fuel.
|Sr. No.||Project||State||Installed Capacity|
|1||Singrauli Super Thermal Power Station||Uttar Pradesh||2,000|
|3||NTPC Ramagundam||Andhra Pradesh||2,600|
|4||Farakka Super Thermal Power Station||West Bengal||2,100|
|5||NTPC Vindhyachal||Madhya Pradesh||4,260|
|6||Rihand Thermal Power Station||Uttar Pradesh||3,000|
|7||Kahalgaon Super Thermal Power Station||Bihar||2,340|
|8||NTPC Dadri||Uttar Pradesh||1,820|
|9||NTPC Talcher Kaniha||Orissa||3,000|
|10||Feroze Gandhi Unchahar Thermal Power Plant||Uttar Pradesh||1,050|
|11||Talcher Thermal Power Station||Orissa||460|
|12||Simhadri Super Thermal Power Plant||Andhra Pradesh||2000|
|13||Tanda Thermal Power Plant||Uttar Pradesh||440|
|14||Badarpur Thermal Power Station||Delhi||705|
|15||Barh Super Thermal Power Station||Bihar||3300|
|16||Sipat Thermal Power Plant||Chhattisgarh||2980|
|17||Mauda Super Thermal Power Station||Maharashtra||1,000|
Coal Based (Owned through JVs)
|Sr. No.||Name of the JV||City||State||Inst.Capacity in Megawatt|
|1||NSPCL. Joint venture with SAIL.||Durgapur||West Bengal||120|
|2||NSPCL. Joint venture with SAIL.||Rourkela||Orissa||120|
|3||NSPCL. Joint venture with SAIL.||Bhilai||Chhattisgarh||574|
|4||Nabinagar Power Generating Co. Pvt. Ltd. NPGC. Joint venture with Bihar State Electricity Board.||Aurangabad||Bihar||1980|
|5||Muzaffarpur Thermal Power Station (MTPS). Joint venture with Bihar State Electricity Board.||Kanti||Bihar||110|
|6||Bhartiya Rail Bijlee Company Limited. Joint venture with Indian Railways.||Nabinagar||Bihar||1000|
|7||Aravali Power CPL JV with HPGCL & IPGCL||Haryana||1500|
|8||NTECL JV with NTPC & TNEB||Chennai||1500|
|Sr. No||Project||State||Installed Capacity in Megawatt|
|1||NTPC Anta||Rajasthan – Baran||413|
|2||NTPC Auraiya||Uttar Pradesh||652|
|4||NTPC Dadri||Uttar Pradesh||817|
|8||RGPPL (JV)||Maharashtra - Ratnagiri||1940|
The company has also stepped up its hydroelectric power (hydel) projects implementation. Some of these projects are:
- Loharinag Pala Hydro Power Project by NTPC Ltd: Loharinag Pala Hydro Power Project (600 MW i.e.150 MW x 4 Units) is located on river Bhagirathi (a tributary of the Ganges) in Uttarkashi district of Uttarakhand state. This is the first project downstream from the origin of the Ganges at Gangotri. Project was at advance stage of construction when it was discontinued by Government of India in August 2010 .
- Tapovan Vishnugad 520MW Hydro Power Project by NTPC Ltd: In Joshimath town.
- Lata Tapovan 130MW Hydro Power Project by NTPC Ltd: is further upstream to Joshimath. This project is under environmental revision.
- Koldam Dam Hydro Power Project 800 MW in Himachal Pradesh (130 km from Chandigarh )
- Rupasiyabagar Khasiabara HPP, 261 MW in Pithoragarh, Uttarakhand State, near China Border.
- Amochu in Bhutan 600 MW
The National Thermal Power Corporation Ltd is on an expansion spree to meet the power requirements of the country – it has adopted a multi-pronged growth strategy to become a 50,000-mW plus company by 2012. NTPC envisages 75,000 mW plus installed capacity by 2017 which includes a significant addition of hydro capacity and forays into non-conventional and nuclear power generation. Dr. Arup Roy Choudhury, Chairman and managing director, NTPC, said that capacity addition through greenfield projects, expansion of existing stations, joint ventures and takeover of SEB stations were on the cards. Disclosing NTPC’s future plans, Dr. Arup Roy Choudhury said that the nuclear agreement with the US would provide flexibility on the acquisition of technology for nuclear energy. A 2,000-mW nuclear power plant will come up in the middle of the 11th Five-Year Plan and another 2,000 mW at the end of the plan. The power major has also signed MoUs with the Arunachal Pradesh government for implementation of the 4,000-mW Etalin hydel power plant, the country’s largest hydro power project, and the 500-mW Attunli HEP project. NTPC also plans to go global. The public sector company has signed a memorandum of agreement with the Government of Sri Lanka and Ceylon Electricity Board for setting up a 500-mW (2x250 mW) coal-based thermal power plant in the island nation. An MoU has also been signed with Kyushu Electric Power Co. Inc., Japan, for establishing an alliance for exchange of information and experts from different areas of the business. The company is also in the process of finalising an MoU with Nigeria for setting up power plants against allocation of LNG on long-term basis for NTPC plants in India. Despite the major shortfall in the power ministry’s 10th plan capacity addition programme, NTPC has all reason to be pleased with its performance of a total addition of 7,155 mW power during the period. The company’s Vindhyachal super thermal power plant has become the country’s largest thermal generation plant with a total installed capacity of 3,200 mW. Apart from the commissioned projects, NTPC has reported good progress in its ongoing projects. At present, NTPC has a total of 11,360 mW capacity under construction. Its foray into hydro power has also gathered momentum with the 800-mW Koldam, 600-mW Loharinag Pala and 520-mW Tapovan Vishnugad moving ahead at a good pace. To ensure fuel supply for its upcoming thermal projects, NTPC has entered into agreements with Coal India Ltd and Singareni Collieries Company Ltd for jointly undertaking the development, operation and maintenance of the coal blocks. The coal ministry has also recently approved NTPC’s Pakri Barwadih coal mining project which will be the largest mining capacity plan in India with estimated reserves of 15 million tonnes per annum. As per the MOU dated 22 February 2014, signed between NTPC, BSPGCL (Bihar State Power Generation Company Limited) and LBCPL (Lakhisarai Bijlee Company Private Limited) NTPC will develop a 1320 MW (2 X 660 MW) Thermal Power Project at Kajra (Lakhisarai district), Bihar.
The equity shares of NTPC are listed on the Bombay Stock Exchange, where it is a constituent of the BSE SENSEX index, and the National Stock Exchange of India, where it is a constituent of the S&P CNX Nifty.
As on 30 June 2013, Government of India held around 75% equity shares in NTPC. Over 740,000 individual shareholders hold approx. 1.93% of its shares. Life Insurance Corporation of India is the largest non-promoter shareholder in the company with 7.66% shareholding.
|Promoters: Government of India||75.00%|
|Foreign Institutional Investors||10.24%|
As on 31 March 2013, the company had 23,865 employees (out of which 1,467 were women (6%) and 472 were employees with disabilities (2%)) and its subsidiaries and JVs had 1,619 employees, totaling to an employee strength of 25,484. The attrition rate for the FY 2012-13, including the trainee employees and employees working for subsidiaries and JVs, was 1.46%. As per the Employee Cost summary provided by the company in its Annual Report for FY 2012-13, it had approx. 23,938 employees during the year to whom it paid an annual remuneration of approx. INR 15,77,000 per employee and spent approx. INR 284,000 per year per employee on other employee related costs like subsidised transport, canteen, medical facilities, school facilities, township and welfare expenses.
Awards and recognitions
- NTPC was ranked 62nd among the 250 largest Power Producers and Energy Traders in the world by Platts in 2012.
- In 2009, it received ICSI National Award for Excellence in Corporate Governance.
Land acquisition in tribal areas: The company (and other PSUs in India) has been allotted land for setting up power plants and related infrastructure in rural/tribal areas across the country by Central Government and various state governments. Some of these lands have been allotted to NTPC (and other PSUs in India) through Land Acquisition Acts passed by Central/State Governments. Wherever a land acquisition law is enacted, it also places a liability on the PSUs/governments to take actions for proper rehabilitation of displaced residents of that rural/tribal area. Governments/PSUs are criticised if they do not fulfill their liability towards displaced residents. In many areas where land acquisition is proposed through land acquisition laws, local residents oppose the forcible acquisition as they are not sure of proper rehabilitation. In one such incident in Keredari block of Jharkhand's Hazaribagh district, the local residents were opposing the land acquisition. NTPC had to take police help for getting the land acquired for local residents. Two villagers agitating against land acquisition were shot dead by police in July 2013. This incident led to severe criticism of PSUs and Governments for not understanding the needs of residents and not taking their prior consent before acquiring the lands.
- "NBCC's Arup Roy Choudhury is NTPC chairman". Times of India. 29 July 2010. Retrieved 16 October 2013.
- "NTPC's Annual Report 2012-13". BSE India. 2 August 2013. Retrieved 12 October 2013.
- "ForBbes 'Global 2000' 2013:NTPC". Forbes. May 2013. Retrieved 10 October 2013.
- "4 PSUs get maharatna status – Indian Express". Retrieved 2012-08-17.
- "History of NTPC". NTPC Limited. Retrieved 12 October 2013.
- "Company History - NTPC Ltd.". Economic Times. Retrieved 12 October 2013.
- "Chairman's statement in 27th Annual Report". NTPC. 24 September 2003. Retrieved 12 October 2013.
- "NTPC does a power listing". Times of India. 5 November 2004. Retrieved 12 October 2013.
- "Power major NTPC lists at premium". The Hindu. 6 November 2004. Retrieved 12 October 2013.
- [dead link]
- "NTPC LTD.". BSEindia.com. Retrieved 12 October 2013.
- "Scripwise Weightages in S&P BSE SENSEX". BSE India. Retrieved 11 October 2013.
- "NTPC Limited". NSE India. Retrieved 11 October 2013.
- "Download List of CNX Nifty stocks (.csv)". NSE India. Retrieved 12 October 2013.
- "Public and holding more than 1% of the Total No.of Shares". MoneyControl.com. Retrieved 12 October 2013.
- "Top 250 companies - NTPC Limited". Platts. Retrieved 12 October 2013.
- "ICSI National Awards for Excellence in Corporate Governance for 2009". ICSI. 21 December 2009. Retrieved 12 October 2013.
- "Jairam: forcible land acquisition by PSUs led to Naxal problem". The Hindu. 9 September 2013. Retrieved 16 October 2013.
- "Government forms two member committee to probe Keredari police firing". Times of India. 26 July 2013. Retrieved 16 October 2013.
- "Government forms two member committee to probe Keredari police firing". Times of India. 26 July 2013. Retrieved 16 October 2013.
- "One Person Killed In Police Firing in a clash amongst villagers followed by charges of snatching of police's weapon who had gone to site and requesting villagers for peace In Hazaribagh.". countercurrents.org. 23 July 2013. Retrieved 16 October 2013.
- "Jharkhand: JMACC condemns Keredari Police Firing". indiaresists.com. 23 July 2013. Retrieved 16 October 2013.
- "Pro-biz but anti-force, says CM". The Telegraph. 1 August 2013. Retrieved 16 October 2013.
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