Home Tag "NTPC"

Discoms’ outstanding dues to power gencos rise nearly 32% to Rs 88,311 cr in January

Distribution companies (discoms) owed a total of Rs 67,012 crore to power generation companies in January 2019, according to portal PRAAPTI (Payment Ratification And Analysis in Power procurement for bringing Transparency in Invoicing of generators). Power producers’ total outstanding dues owed by distribution firms rose nearly 32 per cent to Rs 88,311 crore in January […]

NTPC (BUY): Concludes THDC & NEEPCO acquisitions

NTPC has announced the completion of its acquisition of Government of India’s (GoI) share in THDC (75%) and NEEPCO (100%) for a total consideration of Rs115bn. The consideration translates to 0.87x FY19 stake adjusted P/B (cumulative net-worth is Rs156bn). We believe the deal value is positive for NTPC since market expectations were between Rs130-150bn. We […]