NTPC Limited has informed the NSE that: “A Memorandum of Understanding has been signed on 9th November 2009 at New Delhi amongst Government of Madhya Pradesh, NTPC Limited and Madhya Pradesh Power Trading Company Ltd for setting up of 4×660 MW (2640 MW total installed capacity) coal based thermal power project in Narsinghpur District Madhya Pradesh, by NTPC as a regional project of NTPC, subject to establishment of its techno-commercial viability.” Continue reading NTPC Signs MOU With Madhya Pradesh Power Trading Company For 2640 MW Thermal Power Project
Grasim Industries Results Q2 2009
Grasim Industries Ltd has announced the following Unaudited results for the quarter ended September 30, 2009:
The Company has posted a net profit of Rs 6742.50 million for the quarter ended September 30, 2009 where as the same was at Rs 4195.00 million for the quarter ended September 30, 2008. Total Income is Rs 31269.20 million for the quarter ended September 30, 2009 where as the same was at Rs 27864.70 million for the quarter ended September 30, 2008. Continue reading Grasim Industries Results Q2 2009
Indian Power Sector Growth Plan
To enhance power supply in cost effective ways is one of the top priorities for the country. During the quarter April-June 2009, the energy and peaking shortages in the country were 9.8% and 12.3% respectively.
The Compound Annual Growth Rate (CAGR) of power demand for the last five years has been 6.80% as against power supply CAGR of 5.88%. The CAGR of your Company’s power generation has been higher at 6.79%. Strong appetite for electricity consumption in the country translates into robust growth outlook for power players like NTPC. Continue reading Indian Power Sector Growth Plan