NTPC Limited

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National Thermal Power Corporation Limited
राष्ट्रीय ताप विद्युत निगम लिमिटेड
PSU
Public company
Traded as BSE532555
NSENTPC
BSE SENSEX Constituent
CNX Nifty Constituent
Industry Electric Utility
Founded 1975
Headquarters New Delhi, India
Key people
Gurdeep Singh (NTPC)[1]
(Chairman & MD)[2]
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)[3]
Increase INR 13834 Crores (US$ 02.31 billion) (2013-14)[3]
Number of employees
24,546 (April 2015)[4]
Website www.ntpc.co.in

NTPC Limited (previously known as National Thermal Power Corporation Limited) is an Indian PSU Public Sector Undertaking, 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 45,548 MW.[5] Although the company has approx. 16% of the total national capacity it contributes to over 25% of total power generation due to its focus on operating its power plants at higher efficiency levels (approx. 80.2% against the national PLF rate of 64.5%).[5]
It was founded by Government of India in 1975, which now holds 74.96% of its equity shares on 30.09.2015 [6] (after divestment of its stake in 2004, 2010, 2013, and 2014)
In May 2010, NTPC was conferred Maharatna status by the Union Government of India.[7] It is ranked 424th in the Forbes Global 2000 for 2014.[3]

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 Shaktinagar (named National Thermal Power Corporation Private Limited Singrauli) in Uttar Pradesh.[8] 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.[9] 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.[8] 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.[8] 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 Himachal Pradesh.[8]
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.[10] In the same year its installed capacity crossed 20,000 MW.[8]

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.[11] On the day of listing, it become the third largest company in India in terms of market capitalisation.[12]

2005 to present[edit]

In October 2005, the company's name was changed from "National Thermal Power Corporation Limited" to "NTPC Limited".[8] 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.[8] 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.[8][9] By the end of 2010, its installed capacity crossed 31,000 MW.[8]

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[13]

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 regional 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 dispatch: The Scheduling and Dispatch of all the generating stations owned by National Thermal Power Corporation is done by respective Regional Load Dispatch Centres which are the apex body to ensure integrated operation of the power system grid in the respective region. All these Load Dispatch Centres come under Power System Operation Corporation Limited (POSOCO).

NTPC Plants and their capacity[edit]

The total installed capacity of the company is 45548 MW (including JVs) with own 18 coal-based and 7 gas-based stations and 6 coal based and 1 gas based in JV/ Subsidiary Companies, located across the country.[14]

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 4,200 3x200 MW, 4x500 MW ,2x800 MW 3x200 MW, 4x500 MW units functional,2x800 MW Unit's under construction
4. Farakka Super Thermal Power Station West Bengal 2,100 3x200 MW, 3x500 MW All units functional
5 Vindhyachal Super Thermal Power Station Madhya Pradesh 4,760 6x210 MW, 7x500 MW All Units functional.Largest Thermal Power Station of India
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 Talcher Super Thermal Power Station Odisha 3,000 6x500 MW All units functional
10 Feroze Gandhi Unchahar Thermal Power Station Uttar Pradesh 1,550 5x210 MW 1×500 MW 5x210 MW Units functional,1×500 MW Unit Under Construction
11 Talcher Thermal Power Station Odisha 460 4x60 MW, 2x110 MW All units functional
12 Simhadri Super Thermal Power Station Andhra Pradesh 2,000 4x500 MW All units functional
13 Tanda Thermal Power Station 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 Station Chhattisgarh 2,980 2x500 MW, 3x660 MW All units functional
16 Mauda Super Thermal Power Station Maharashtra 2,320 2x500 MW,2x660 MW 2x500 MW,1x660 MW units functional [15]1x660MW are under cunstruction.
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 [16][17]
18 Kudgi Super Thermal Power Station Karnataka 2,400 3x800 MW Under construction.
19 NTPC Bongaigaon Assam 750 3x250 MW 1x250 MW Unit functional 2x250 MW Unit Under construction.
20 LARA Super Thermal Power Station Chhattisgarh 4,000 2x800 MW, 3x800 MW Under construction.
21 Solapur Super Thermal Power Station Maharashtra 1,320 2x660 MW Under construction.
22 Gadarwara Super Thermal Power Station 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 Station Odisha 1,600 2×800 MW Under Construction
25 Khargone Super Thermal Power Station Madhya Pradesh 1,320 2×660 MW Under construction[18]

Coal Based (Owned through JVs)[edit]

Sr. No. Name of the JV SAIL 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 610
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
10 PUVNL(Patratu) Patratu Jharkhand 325
Total 9049

Gas based Thermal Power Plants[edit]

Sr.No. Power Project State Capacity MW
1 Anta Rajasthan 413.33
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 and Power Private Limited (RGPPL) is joint venture project with GAIL in Indian state of Maharashtra. Its 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 ).All unit of this project are under commercial operation w.e.f. 18 July 2015.
  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 Singrauli Super Thermal Power Station in Uttar Pradesh.
  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.[19]

Solar Photovoltaic Power Plants[edit]

NTPC has drafted its business plan of capacity addition of about 1,000 MW through renewable resources by 2017. In this endeavour, NTPC has already commissioned 310 MW Solar PV Projects. 50 MW Solar PV at Anantpur in Andhra Pradesh, 260 MW Solar PV at Bhadla in Rajasthan and 250 MW Solar PV at Mandsar in Madhya Pradesh are under implementation.[20]

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 Odisha 10 MW
5 Faridabad Solar PV Haryana 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
9 Ananthpuram Solar PV (200 MW COMMISSIONED & 50 MW UNDER CONSTRUCTION)[21] Andhra Pradesh 250 MW
10 Bhadla-Solar PV (under construction) Rajasthan 260 MW
11 Mandsor-Solar PV (under construction) Madhya Pradesh 250 MW
12 Total 310MW commissioned 560 MW under implementation

Future Goals[edit]

The Company has developed a long term plan to become 128000 MW company by the year 2032. 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, 1835 MW in the year 2013-14 1290 MW in the year 2014-15 and 1150 MW from April 2015 to 30 November 2015.

As on 30 November 2015, the Company has 23004 MW under construction. NTPC is diversifying its capacity mix with lots of emphasis on renewable energy. As on 30.11.2015, NTPC has 110 MW Solar PV capacity under operation, 250 MW under construction and 1260 MW under tendering. The Company intends to add 10000 MW of Solar PV capacity in next 5 years. On 18.07.2015, NTPC declared commercial its first Hydro Power plant at Koldam in the State of Himachal Pradesh. By the year 2032, Company has a long term plan to reduce its fossil fuel capacity mix to 56%.

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, Chhattisgarh and Dulanga, Odisha. Except Pakri Barwadih all other blocks were cancelled by a decision of Supreme Court of India on 24 September 2014. However, the Company was again allotted cancelled block under Section 5 of Coal Mines (Special Provision Act 2015) [22] Besides these blocks, Ministry of Coal has vide its press release dated 3 July 2013 has allotted 4 more blocks namely, Banai and Bhalmuda in Chhattisgarh, Chandrabila and Kudanli Laburi in Odisha. Two more blocks namely Mandakini- II and Banhardih are expected to be allotted to NTPC soon. All these mines are having estimated Geological Reserves of 6.7 Billion Tonnes. NTPC has appointed Mining Cum Development Operator (MDO) for its Pakri Barwadih mine.[23]

Listings and shareholding[edit]

The equity shares of NTPC are listed on the Bombay Stock Exchange,[24] where it is a constituent of the BSE SENSEX index,[25] and the National Stock Exchange of India,[26] where it is a constituent of the S&P CNX Nifty.[27]

As of 30, Sep. 2015, Government of India held around 74.96% equity shares in NTPC. Over 680,000 individual shareholders hold approx. 1.92% of its shares.Life Insurance Corporation of India is the largest non-promoter shareholder in the company with 10.03% shareholding.[28]

Shareholders Shareholding[29]
Promoters: Government of India 74.96%
Foreign Institutional Investors 9.19%
Financial Institutions/Banks 11.07%
Individual shareholders 01.92%
Mutual Funds/UTI 01.8%
Others 1.06%
Total 100.0%

[30]

Employees[edit]

As on 31 March 2015, the company had 24,067 employees. The attrition rate for the FY 2014-15, including the trainee employees and employees working for subsidiaries and JVs, was 1.35%. Man MW Ratio of the Company has fallen from 0.77 in the FY11 to 0.61 in FY 15. NTPC has been awarded continuously as great places to work for in PSUs category [5]

Awards and recognitions[edit]

  • NTPC was ranked 2nd among the 250 largest Power Producers and Energy Traders in the world by Platts in 2015. On overall basis NTPC ranked 56th amongst Platts 250 Companies. [31]
  • In 2009, it received ICSI National Award for Excellence in Corporate Governance.[32]

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.

See also[edit]

References[edit]

  1. ^ http://www.thehindu.com/news/national/other-states/gurdeep-singh-appointed-as-cmd-of-ntpc/article8163366.ece
  2. ^ "Chairman's page". NTPC Limited official website. Retrieved 17 September 2015. 
  3. ^ a b c "NTPC Limited". www.forbes.com. Forbes. May 2014. Retrieved 17 February 2015. 
  4. ^ http://www.ntpc.co.in/en/about-us/human-resources.  Missing or empty |title= (help)
  5. ^ a b c http://www.ntpc.co.in/en/about-us/ntpc-overview.  Missing or empty |title= (help)
  6. ^ http://www.ntpc.co.in/en/investors/shareholding-pattern
  7. ^ "4 PSUs get maharatna status – Indian Express". Retrieved 2012-08-17. 
  8. ^ a b c d e f g h i "History of NTPC". NTPC Limited. Retrieved 12 October 2013. 
  9. ^ a b "Company History - NTPC Ltd.". Economic Times. Retrieved 12 October 2013. 
  10. ^ "Chairman's statement in 27th Annual Report" (PDF). NTPC. 24 September 2003. Retrieved 12 October 2013. 
  11. ^ "NTPC does a power listing". Times of India. 5 November 2004. Retrieved 12 October 2013. 
  12. ^ "Power major NTPC lists at premium". The Hindu. 6 November 2004. Retrieved 12 October 2013. 
  13. ^ "Indian JV to acquire Rio Tinto's Riversdale coal assets in Mozambique". India Gazette. Retrieved 31 July 2014. 
  14. ^ "Installed Capacity". Retrieved 26 June 2016. 
  15. ^ http://www.moneycontrol.com/news/announcements/ntpc-commissions-unit-ii500-mwmouda-super-thermal-power-project_844948.html
  16. ^ http://www.telegraphindia.com/1140329/jsp/bihar/story_18130376.jsp#.U0rYVfmSw9o
  17. ^ http://economictimes.indiatimes.com/industry/energy/power/ntpc-commissions-fifth-unit-of-barh-thermal-project-in-bihar/articleshow/46465706.cms
  18. ^ "Archived copy". Archived from the original on 10 June 2015. Retrieved 10 June 2015. 
  19. ^ http://www.ntpc.co.in/index.php?option=com_content&view=article&id=341&Itemid=119&lang=en
  20. ^ http://www.ntpc.co.in/en/power-generation/renewable-energy-and-distributed-generation
  21. ^ http://www.thehindubusinessline.com/companies/ntpc-commissions-200-mw-solar-unit-in-ap/article8555685.ece
  22. ^ http://www.indiacode.nic.in/acts-in-pdf/2015/201511.pdf
  23. ^ http://www.coalpost.in/thriveni-sainik-appointed-as-mdo-for-ntpcs-pakri-barwadih-coal-block-of-jharkhand/
  24. ^ "NTPC LTD.". BSEindia.com. Retrieved 12 October 2013. 
  25. ^ "Scripwise Weightages in S&P BSE SENSEX". BSE India. Retrieved 11 October 2013. 
  26. ^ "NTPC Limited". NSE India. Retrieved 11 October 2013. 
  27. ^ "Download List of CNX Nifty stocks (.csv)". NSE India. Retrieved 12 October 2013. 
  28. ^ http://www.ntpc.co.in/download/shareholdig-pattern-31032015-ntpc
  29. ^ "Shareholding Pattern as on 30 June 2013". MoneyControl.com. Retrieved 12 October 2013. 
  30. ^ http://www.ntpc.co.in/en/investors/shareholding-pattern
  31. ^ http://top250.platts.com/Top250Rankings/2015/Region/IndependentPowerProducersandEnergyTraders
  32. ^ "ICSI National Awards for Excellence in Corporate Governance for 2009". ICSI. 21 December 2009. Retrieved 12 October 2013. 

External links[edit]