NTPC Limited

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NTPC Limited
Government-owned corporation
Public company
Traded as BSE532555
NSENTPC
BSE SENSEX Constituent
CNX Nifty Constituent
Industry Electric Utility
Founded 1975
Headquarters New Delhi, India
Key people
Arup Roy Choudhury
(Chairman & MD)[1]
Products electrical power
natural gas
Services Electricity generation and distribution
natural gas exploration, production, transportation and distribution
Revenue Increase INR 73904 Crores (US$ 12.34 billion) (2013-14)[2]
Increase INR 13834 Crores (US$ 02.31 billion) (2013-14)[2]
Number of employees
25,484 (March 2013)
Website www.ntpc.co.in

NTPC Limited (also known as 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. 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 involve 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 42,964 MW.[3] 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%).[3]
It was founded by Government of India in 1975, which held 75% of its equity shares on 31 March 2013[3] (after divestment of its stake in 2004, 2010 and 2013).
In May 2010, NTPC was conferred Maharatna status by the Union Government of India.[4] It is ranked 424th in in the Forbes Global 2000 for 2014.[2]

History[edit]

1975 to 1994[edit]

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.[5] 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.[6] By the end of 1994, its installed capacity crossed 15,000 MW.

1995 to 2004[edit]

In 1995, it took over the Talchar Thermal Power Station from Orissa State Electricity Board.[5] 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.[5] 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.[5]
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.[7] In the same year its installed capacity crossed 20,000 MW.[5]
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.[8] On the day of listing, it become the third largest company in India in terms of market capitalisation.[9] NTPC

2005 to present[edit]

In October 2005, the company's name was changed from "National Thermal Power Corporation Limited" to "NTPC Limited".[5] 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.[5] 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.[5][6] By the end of 2010, its installed capacity crossed 31,000 MW.[5]

The company in 2009 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 percent stake in the Benga coal mine in Mozambique from the Rio Tinto Group[10]

Operations[edit]

NTPC operates from 55 locations in India, one location in Sri Lanka and 2 locations in Bangladesh.
Headquarters: In India, it has 8 headquarters (HQ):

Sr. No. Headquarters City
1 NCRHQ Delhi
2 ER-I HQ Patna
3 ER-II HQ Bhubaneshwar
4 NRHQ Lucknow
5 SR HQ Secunderabad
6 WR-I HQ Mumbai
7 WR-II HQ Raipur
8 Hydro HQ Delhi

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 capacity[edit]

The total installed capacity of the company is 43,803 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.

Coal based Thermal Power Plants[edit]

Sr. No. Project State Capacity MW Units Status
1 Singrauli Super Thermal Power Station Uttar Pradesh 2,000 5x200 MW, 2x500 MW All units functional
2 NTPC Korba Chhattisgarh 2,600 3x200 MW, 4x500 MW All units functional
3 NTPC Ramagundam Telangana 2,600 3x200 MW, 4x500 MW All units functional
4 Farakka Super Thermal Power Station West Bengal 2,100 3x200 MW, 3x500 MW All units functional
5 NTPC Vindhyachal Madhya Pradesh 4,760 6x210 MW, 7x500 MW 6x210 MW, 6x500 MW Units functional,1×500 Under Construction
6 Rihand Thermal Power Station Uttar Pradesh 3,000 6x500 MW All units functional
7 Kahalgaon Super Thermal Power Station Bihar 2,340 4x210 MW, 3x500 MW All units functional
8 NTPC Dadri Uttar Pradesh 1,820 4x210 MW, 2x490 MW All units functional
9 NTPC Talcher Kaniha Odissa 3,000 6x500 MW All units functional
10 Feroze Gandhi Unchahar Thermal Power Plant Uttar Pradesh 1,550 5x210 MW 1×500 MW 5x210 Units functional,1×500 MW Unit Under Construction
11 Talcher Thermal Power Station Odissa 460 4x60 MW, 2x110 MW All units functional
12 Simhadri Super Thermal Power Plant Andhra Pradesh 2,000 4x500 MW All units functional
13 Tanda Thermal Power Plant Uttar Pradesh 1,760 4x110 MW 2×660 MW 4x110 MW Units functional,2×660 MW Unit Under Construction
14 Badarpur Thermal Power Station Delhi 705 3x95 MW, 2x210 MW All units functional
15 Sipat Thermal Power Plant Chhattisgarh 2,980 2x500 MW, 3x660 MW All units functional
16 Mauda Super Thermal Power Station Maharashtra 2,320 2x500MW,2x660MW Two units functional [11]
17 Barh Super Thermal Power Station Bihar 3,300 3×660 MW 2x660 MW (2x660 MW) Functional, Three more units of 660 MW under construction [12][13]
18 Kudgi Super Thermal Power Project Karnataka 2,400 3x800 MW Under construction. One unit is expected to be commissioned by 2015 December.[14]
19 NTPC Bongaigaon Assam 750 3x250 MW Under construction. One unit is expected to be commissioned in 2014.[15]
20 LARA Super Thermal Power Project Chhattisgarh 4,000 2x800 MW, 3x800 MW Under construction. One unit is expected to be commissioned by 2015 December.

[16]

21 Solapur Super Thermal Power Station Maharashtra 1,320 2x660 MW Under construction.
22 Gadarwara Super Thermal Power Plant Madhya Pradesh 3,200 2×800MW,2×800 MW Under Construction
23 North Karanpura Thermal Power Station Jharkhand 1,980 3×660 MW Under Construction
24 Darlipali Super Thermal Power Plant Odissa 1,600 2×800 MW Under Construction

Coal Based (Owned through JVs)[edit]

Sr. No. Name of the JV Location 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 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 BRBCL Joint venture with Indian Railways. Nabinagar Bihar 1000
7 Aravali Power CPL JV with HPGCL & IPGCL Jhajjar Haryana 1500
8 NTECL JV with NTPC & TNEB Chennai Tamil Nadu 1500
9 Meja Thermal Power Station JV with NTPC & UPRVUNL Allahabad Uttar Pradesh 1320
Total 6904

Gas based Thermal Power Plants[edit]

Sr.No. Power Project State Capacity MW
1 Anta Rajasthan 419.33
2 Auraiya Uttar Pradesh 663.36
3 Kawas Gujrat 656.20
4 Dadri Uttar Pradesh 829.78
5 Jhanor-Gandhar Gujrat 657.39
6 Kayamkulam Kerala 359.58
7 Faridabad Hariyana 431.59
Total 4,017.23

Gas Based (Owned through JVs)[edit]

  1. Ratnagiri Gas & Power Private Limited (RGPPL) is joint venture project with GAIL in Indian state of Maharastra. It's installed capacity is 1967.08 MW

Hydro-Electric Power Plants[edit]

The company has also stepped up its hydroelectric power (hydel) projects implementation. Some of these projects are:

  1. 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.
  2. Tapovan Vishnugad 520MW Hydro Power Project by NTPC Ltd: In Joshimath town. The project is under construction.
  3. Lata Tapovan 130MW Hydro Power Project by NTPC Ltd: is further upstream to Joshimath. This project is under environmental revision.
  4. Koldam Dam Hydro Power Project 800 MW in Himachal Pradesh (130 km from Chandigarh )This project is under advanced stage of construction.
  5. Rupasiyabagar Khasiabara HPP, 261 MW in Pithoragarh, Uttarakhand State, near China Border. This project is yet to be given investment approval.
  6. Singrauli CW Discharge (Small Hydro) 8 MW is under construction on discharge canal of Rihand Thermal Power Station in Uttar Pradesh.[17]
  7. Rammam Hydro 120 MW run of the river is under construction project on Rammam river at approx 150 km from Bagdogra / Siliguri in Distt. Darjeeling in West Bengal.The Darjeeling town is 50 km form the project.[18]

Solar Photovoltaic Power Plants[edit]

Sr.No. Project State/UT Capacity
1 Dadri Solar PV Uttar Pradesh 05 MW
2 Portblair Solar PV Andaman & Nicobar Island 05 MW
3 Ramagundam Solar PV Telangana 10 MW
4 Talcher Kaniha Solar PV Odissa 10 MW
5 Faridabad Solar PV Hariyana 05 MW
6 Unchahar Solar PV Uttar Pradesh 10 MW
7 Rajgarh Solar PV Madhya Pradesh 50 MW
8 Singrauli Solar PV Uttar Pradesh 15 MW
Total 110 MW

Future Goals[edit]

NTPC Limited is on an expansion spree to meet the power requirements of the country – it has targeted to add 14,058 MW in 12th Plan (From FY13 to FY 17) of which it had already added 4,170 MW in the year 2012-13 and 1,780 MW from April to 26 March 2014. 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.

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) 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. NTPC also developing a joint venture coal based power plant 1,320 MW (2x660) with Bangladesh Power Development Board known as Bangladesh India Friendship Power Company in Bangladesh.

NTPC has also been allotted coal blocks namely, Pakri Barwadih, Chatti Bariatu and Kerandari in Jharkhand, Talipalli, Chattisgarh and Dulanga, Odisha. Besides these recently Ministry of Coal has vide its press release dated 3 July 2013 has allotted 4 more blocks namely, Banai and Bhalmuda in Chattisgarh, Chandrabila and Kudanli Laburi in Odisha. All these mines are having estimated Geological Reserves of 5.7 Billion Tonnes. The Company has also incurred a cumulative expenditure of INR 18,360 million on these mines till December 2013. As per the MOU dated 22 February 2014, signed between NTPC, BSPGCL (Bihar State Power Holding Company Limited) and LBCPL (Lakhisarai Bijlee Company Private Limited) NTPC will develop a 1,320 MW (2x660) Thermal Power Project at Kajra Lakhisarai, Bihar.[19]

Listings and shareholding[edit]

The equity shares of NTPC are listed on the Bombay Stock Exchange,[20] where it is a constituent of the BSE SENSEX index,[21] and the National Stock Exchange of India,[22] where it is a constituent of the S&P CNX Nifty.[23]

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.[24] Life Insurance Corporation of India is the largest non-promoter shareholder in the company with 7.66% shareholding.[25]

Shareholders Shareholding[24]
Promoters: Government of India 75.00%
Foreign Institutional Investors 10.24%
Financial Institutions/Banks 08.58%
Individual shareholders 01.93%
Mutual Funds/UTI 01.33%
Others 02.92%
Total 100.0%

Employees[edit]

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.[3] The attrition rate for the FY 2012-13, including the trainee employees and employees working for subsidiaries and JVs, was 1.46%.[3] 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.[3]

Awards and recognitions[edit]

  • NTPC was ranked 62nd among the 250 largest Power Producers and Energy Traders in the world by Platts in 2012.[26]
  • In 2009, it received ICSI National Award for Excellence in Corporate Governance.[27]

Criticism[edit]

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.[28][29] Two villagers agitating against land acquisition were shot dead by police in July 2013.[30][31][32] 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.[33]

See also[edit]

References[edit]

  1. ^ "NBCC's Arup Roy Choudhury is NTPC chairman". Times of India. 29 July 2010. Retrieved 16 October 2013. 
  2. ^ a b c "NTPC Limited". www.forbes.com. Forbes. May 2014. Retrieved 17 February 2015. 
  3. ^ a b c d e f "NTPC's Annual Report 2012-13". BSE India. 2 August 2013. Retrieved 12 October 2013. 
  4. ^ "4 PSUs get maharatna status – Indian Express". Retrieved 2012-08-17. 
  5. ^ a b c d e f g h i "History of NTPC". NTPC Limited. Retrieved 12 October 2013. 
  6. ^ a b "Company History - NTPC Ltd.". Economic Times. Retrieved 12 October 2013. 
  7. ^ "Chairman's statement in 27th Annual Report". NTPC. 24 September 2003. Retrieved 12 October 2013. 
  8. ^ "NTPC does a power listing". Times of India. 5 November 2004. Retrieved 12 October 2013. 
  9. ^ "Power major NTPC lists at premium". The Hindu. 6 November 2004. Retrieved 12 October 2013. 
  10. ^ "Indian JV to acquire Rio Tinto's Riversdale coal assets in Mozambique". India Gazette. Retrieved 31 July 2014. 
  11. ^ http://www.moneycontrol.com/news/announcements/ntpc-commissions-unit-ii500-mwmouda-super-thermal-power-project_844948.html
  12. ^ http://www.telegraphindia.com/1140329/jsp/bihar/story_18130376.jsp#.U0rYVfmSw9o
  13. ^ http://economictimes.indiatimes.com/industry/energy/power/ntpc-commissions-fifth-unit-of-barh-thermal-project-in-bihar/articleshow/46465706.cms
  14. ^ http://www.thehindu.com/news/national/supreme-court-stays-ngt-order-on-bijapur-ntpc-project/article5863157.ece
  15. ^ http://www.telegraphindia.com/1140206/jsp/northeast/story_17902655.jsp#.U0r34PmSw9q
  16. ^ http://www.hindustantimes.com/india-news/pm-dedicates-ntpc-power-plant-in-chhattisgarh/article1-1124296.aspx
  17. ^ http://cdm.unfccc.int/filestorage/2/i/7DQGOXY6C45FMJ80Z1LKIHWUATVN92.pdf/PDD_NTPC.pdf?t=ZWl8bmo1N2NsfDCbQfX_n1NIEzCJKeCkMmaE
  18. ^ http://www.ntpc.co.in/index.php?option=com_content&view=article&id=341&Itemid=119&lang=en
  19. ^ http://pib.nic.in/newsite/erelease.aspx
  20. ^ "NTPC LTD.". BSEindia.com. Retrieved 12 October 2013. 
  21. ^ "Scripwise Weightages in S&P BSE SENSEX". BSE India. Retrieved 11 October 2013. 
  22. ^ "NTPC Limited". NSE India. Retrieved 11 October 2013. 
  23. ^ "Download List of CNX Nifty stocks (.csv)". NSE India. Retrieved 12 October 2013. 
  24. ^ a b "Shareholding Pattern as on 30 June 2013". MoneyControl.com. Retrieved 12 October 2013. 
  25. ^ "Public and holding more than 1% of the Total No.of Shares". MoneyControl.com. Retrieved 12 October 2013. 
  26. ^ "Top 250 companies - NTPC Limited". Platts. Retrieved 12 October 2013. 
  27. ^ "ICSI National Awards for Excellence in Corporate Governance for 2009". ICSI. 21 December 2009. Retrieved 12 October 2013. 
  28. ^ "Jairam: forcible land acquisition by PSUs led to Naxal problem". The Hindu. 9 September 2013. Retrieved 16 October 2013. 
  29. ^ "Government forms two member committee to probe Keredari police firing". Times of India. 26 July 2013. Retrieved 16 October 2013. 
  30. ^ "Government forms two member committee to probe Keredari police firing". Times of India. 26 July 2013. Retrieved 16 October 2013. 
  31. ^ "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. 
  32. ^ "Jharkhand: JMACC condemns Keredari Police Firing". indiaresists.com. 23 July 2013. Retrieved 16 October 2013. 
  33. ^ "Pro-biz but anti-force, says CM". The Telegraph. 1 August 2013. Retrieved 16 October 2013. 

External links[edit]