logo
NTPC's 3,300-MW power plant in Bihar to go fully operational from July 1

NTPC's 3,300-MW power plant in Bihar to go fully operational from July 1

Time of India6 hours ago

New Delhi: State-run power major NTPC on Thursday announced that its 3,300 MW Barh Super Thermal Power Project in Bihar will become fully commercially operational from July 1.
This development comes as the last remaining unit under Stage I, Unit 3 of 660 MW, is set to begin commercial power supply.
"In terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform you that Unit 3 (660 MW) of Barh Super Thermal Power Project, Stage-I (3x660 MW) is declared on commercial operation w.e.f 00:00 Hrs of 01.07.2025," the company said in its stock exchange filing.
"With this, the total installed and commercial capacity of NTPC on a standalone and group basis will become 60,978 MW & 82,080 MW, respectively," it added in the filing.
The Barh project consists of five units of 660 MW each, divided into two stages. Stage I includes three units, while Stage II has two.
With Unit 3 now ready for commercial operation, all five units of the project will be fully functional.
The earlier four units of the plant have already been commissioned over the years.
Units 1 and 2, both of 660 MW under Stage I, were commissioned in November 2021 and July 2023, respectively.
Under Stage II, Unit 4 and Unit 5 were commissioned earlier in November 2014 and February 2016.
According to NTPC's regulatory filing, Unit 3 (660 MW) of the Barh Super Thermal Power Project, Stage I, will officially begin commercial operations from July 1.
With this, the entire 3,300 MW capacity of the Barh project will be contributing to India's power grid.
Following this addition, NTPC's total installed and commercial capacity will rise to 60,978 MW on a standalone basis and 82,080 MW on a group basis.
The Barh Super Thermal Power Project is one of NTPC's key ventures in Bihar and has been developed in phases to ensure a steady boost in power generation capacity in the region.
--IANS
pk/vd

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Best medium duration mutual funds to invest in June 2025
Best medium duration mutual funds to invest in June 2025

Economic Times

time23 minutes ago

  • Economic Times

Best medium duration mutual funds to invest in June 2025

If you are looking for debt mutual fund to park money for four years or more and are ready to take some risk and volatility, you can consider investing in medium duration funds. Synopsis As per Sebi mandate, medium duration funds must invest in debt and money market instruments with Macaulay duration of three to four years. As you can see, these schemes are suitable for investors looking to invest for three to four years or more. However, you should check the portfolio duration of the scheme to ensure that the scheme is in line with your investment horizon. Many investment advisors believe that medium duration funds are better placed to offer superior returns when the interest rates start falling. Debt mutual funds offer attractive returns in a falling interest rate environment. If that interests you, you can learn more about medium duration funds. ADVERTISEMENT Most mutual fund investors stick to liquid funds, ultra short term funds, short term funds, banking & PSU funds, corporate funds, etc. to take care of their short-term needs. Most of them might know about gilt funds. Even though they may not invest in them. However, many investors are not aware of medium duration funds. Chances are that most people will keep hearing about medium duration funds this year because most mutual fund advisors are recommending these schemes to their clients these days. Also Read |Parag Parikh Flexi Cap Fund, Quant Small Cap Fund among 17 mutual funds which deliver over 20% XIRR on SIP investments in 10 years As per Sebi mandate, medium duration funds must invest in debt and money market instruments with Macaulay duration of three to four years. As you can see, these schemes are suitable for investors looking to invest for three to four years or more. However, you should check the portfolio duration of the scheme to ensure that the scheme is in line with your investment mutual fund advisors do not recommend medium and long term debt schemes to regular investors. These schemes are extremely sensitive to changes in the interest rate environment. They suffer when the rates go up. Mutual fund advisors say many conservative investors would find it difficult to handle the volatility faced by these schemes. Also Read | MNC mutual funds struggle to perform, lose 3% in 1 year. What's driving the underperformance? ADVERTISEMENT In short, if you are looking for a debt mutual fund where you can park money for four years or more and are ready to take some risk and volatility, you can consider investing in medium duration funds. Please watch out for monthly updates so that you can keep track of your schemes. Bandhan Bond Fund Medium Term Plan, one of the recommended schemes, has been in the fourth quartile for the last 23 months. The scheme had been in the third quartile earlier. HDFC Medium Term Debt Fund has been in the third quartile for the last 20 months. ADVERTISEMENT MethodologyETMutualFunds has employed the following parameters for shortlisting the debt mutual fund schemes. 1. Mean rolling returns: Rolled daily for the last three years. ADVERTISEMENT 2. Consistency in the last three years: Hurst Exponent, H is used for computing the consistency of a fund. The H exponent is a measure of randomness of NAV series of a fund. Funds with high H tend to exhibit low volatility compared to funds with low H.i)When H = 0.5, the series of returns is said to be a geometric Brownian time series. This type of time series is difficult to H 0.5, the series is said to be mean reverting. ADVERTISEMENT iii)When H0.5, the series is said to be persistent. The larger the value of H, the stronger is the trend of the series 3. Downside risk: We have considered only the negative returns given by the mutual fund scheme for this measure. X =Returns below zeroY = Sum of all squares of XZ = Y/number of days taken for computing the ratioDownside risk = Square root of Z 4. Outperformance: Fund Return – Benchmark return. Rolling returns rolled daily is used for computing the return of the fund and the benchmark and subsequently the Active return of the fund. Asset size: For debt funds, the threshold asset size is Rs 50 crore (Disclaimer: past performance is no guarantee for future performance.) (Catch all the Mutual Fund News, Breaking News, Budget 2024 Events and Latest News Updates on The Economic Times.) Subscribe to The Economic Times Prime and read the ET ePaper online. NEXT STORY

Kerala State Electricity Board to collect 6 paise per unit as fuel surcharge in July
Kerala State Electricity Board to collect 6 paise per unit as fuel surcharge in July

The Hindu

time34 minutes ago

  • The Hindu

Kerala State Electricity Board to collect 6 paise per unit as fuel surcharge in July

The Kerala State Electricity Board (KSEB) will collect 6 paise per unit as fuel surcharge on electricity bills in July. The decision is applicable to customers under monthly and bi-monthly billing systems. The surcharge is aimed at recovering ₹15.75 crore spent additionally on power purchases in May this year. From June 2023, the KSEB has been collecting the surcharge through an automatic recovery mechanism as permitted by the Terms and Conditions for Determination of Tariff (first amendment) Regulations, 2023, issued by the State Electricity Regulatory Commission. To avoid tariff shock, the commission has set 10 paise per unit as the maximum monthly surcharge amount that can be collected under the regulations.

Home furnishing firm Wakefit files DRHP to raise ₹468 crore via fresh issue
Home furnishing firm Wakefit files DRHP to raise ₹468 crore via fresh issue

The Hindu

timean hour ago

  • The Hindu

Home furnishing firm Wakefit files DRHP to raise ₹468 crore via fresh issue

Wakefit Innovations Limited, a D2C home and furnishings firm based in Bengaluru, has filed the draft red herring prospectus (DRHP) with the capital markets regulator SEBI to raise ₹468 crore through an initial public offering (IPO). According to the DRHP, the proposed IPO is a combination of a fresh issue of equity shares aggregating up to ₹468.2 crore and an offer for sale (OFS) of 5,83,99,085 equity shares (5.83 crore shares) by the selling shareholders. As part of the OFS, the promoters, Ankit Garg and Chaitanya Ramalingegowda and Other Selling Shareholders including Nitika Goel, Peak XV Partners Investments VI, Redwood Trust, Verlinvest S.A., SAI Global India Fund I LLP, Investcorp Growth Equity Fund, Investcorp Growth Opportunity Fund and Paramark KB Fund I will be offloading their shares. According to the filing, Wakefit proposes to utilise the net proceeds from the Fresh Issue towards funding of capital expenditure worth ₹82 crore for setting up of 117 new COCO – Regular Stores and one COCO – Jumbo Store; ₹15.4 crore towards capex for purchase of new equipment and machinery; ₹145 crore towards expenditure towards lease, sub-lease rent and license fee payments for existing stores; ₹108.4 crore towards marketing and advertisement expenses for enhancing the awareness and visibility of the brand and the remaining amount will be used for general corporate purposes. The company, in consultation with the BRLMs, may consider a Pre-IPO Placement aggregating up to ₹ 93.6 crore, before filing of the Red Herring Prospectus with the ROC. If the Pre- IPO Placement is undertaken, then the fresh issue will be reduced to the extent of such Pre-IPO placement, it informed. Wakefit, set up in 2016, reported revenue from operations of ₹ 986.3 crore in FY24. Axis Capital Limited, IIFL Capital Services Limited and Nomura Financial Advisory and Securities (India) Private Limited are the Book Running Lead Managers to the issue. The equity shares of the company are proposed to be listed on the BSE and the NSE.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store