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Time of India
27-06-2025
- Business
- Time of India
NTPC's 3,300-MW power plant in Bihar to go fully operational from July 1
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
Economic Times
10-06-2025
- Business
- Economic Times
Protean eGov Technologies shares in focus after Rs 100 crore order win
Protean eGov Technologies shares are likely to be in the spotlight on Tuesday, June 10, after the company announced it has secured a strategic work order valued at approximately Rs 100 crore from the Bima Sugam India Federation (BSIF). ADVERTISEMENT 'Pursuant to Regulation 30 and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are pleased to inform you that Protean eGov Technologies Limited ('the Company') has been awarded a prestigious and strategically significant work order valued at approximately Rs 100 crore, on June 9, 2025, by the Bima Sugam India Federation (BSIF) through the RFP process,' the company disclosed in a filing to the stock exchanges. The contract was awarded on June 9, 2025, following a competitive RFP (Request for Proposal) process. Under this engagement, Protean will serve as the Technology Solution Provider for the Bima Sugam digital marketplace platform. The scope includes the end-to-end design, development, implementation, support, and maintenance of the platform, with emphasis on platform integrations and marketplace a not-for-profit entity led by key stakeholders in the Indian insurance sector, governs Bima Sugam — a national-scale initiative aimed at creating a unified digital marketplace for insurance products and domestic contract is valid for a period of 72 months from the execution date and reinforces Protean's growing footprint in India's Digital Public Infrastructure (DPI) space. ADVERTISEMENT The company highlighted that the engagement further cements its role as a trusted partner in delivering citizen-centric digital services at scale. Also read: Goldman Sachs, Morgan Stanley, others buy 1.45% stake in Suzlon Energy for Rs 1,309 crore ADVERTISEMENT Over the past one year, Protean eGov Technologies has seen its share price decline by 12.62%. The stock has recorded a 50.82% drop on a year-to-date (YTD) basis and a 50.47% fall over the last six months. In the past three months alone, the stock has slipped 31.73%, while in the last one month, it has registered a sharp decline of 24.87%.On Monday, Protean eGov Technologies shares closed flat at Rs 951.65 on the BSE. ADVERTISEMENT (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Business Upturn
06-06-2025
- Business
- Business Upturn
NTPC's subsidiary THDC India starts commercial operation of 250 MW Tehri PSP unit
NTPC Limited has announced that the first unit of the Tehri Pumped Storage Plant (PSP) of THDC India Limited, its subsidiary, has commenced commercial operation. The unit, with a capacity of 250 MW, started operations effective from 00:00 hours on June 7, 2025. The Tehri PSP project consists of four units, each with 250 MW capacity, totaling 1,000 MW. With this unit now operational, NTPC Group's total installed and commercial power generation capacity increases to 80,515 MW. In the excahgne filingm teh copmany shared, 'In terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that First Unit of 250 MW of Tehri PSP (4×250 MW) of THDC India Limited, a subsidiary of NTPC Limited, is declared on Commercial Operation w.e.f. 00:00 Hrs of 07.06.2025.' In the meantime, today, NTPC Green Energy Limited has declared 110.25 MW of the 1,255 MW Khavda-I Solar PV Project in Gujarat commercially operational as of June 6, 2025. The project is developed by NTPC Renewable Energy Limited, a wholly owned subsidiary of NTPC Green Energy. Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Mint
01-06-2025
- Business
- Mint
Patanjali Foods rejects reports of Centre's notice to Ayurved division: ‘Examining appropriate action'
Patanjali Foods Ltd on Sunday junked reports of Patanjali Ayurved Limited receiving notice from the Ministry of Corporate affairs, saying it has not received any communication. In a stock exchange filing, Patanjali Foods said its sister concern Patanjali Ayurved is not being investigated by the Centre. 'Pursuant to Regulation 30(11) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, based on confirmation from Patanjali Ayurved Limited, we may clarify that Patanjali Ayurved Limited has not received any communication from Ministry of Corporate Affairs('MCA') for the proposed investigation by MCA as appearing in mainstream media,' the filing noted. Patanjali Ayurved is exploring legal options to address the issue, the company said. 'Their legal counsels are examining appropriate action in this regard,' Patanjali Foods said. In a report on May 30, Bloomberg reported that yoga guru Baba Ramdev's company Patanjali Ayurved is under the scrutiny of Centre due to 'suspicious' activities. The Centre has asked Patanjali Ayurved to explain some transactions deemed suspicious, according to the report quoting people familiar with the matter. As per the report quoting unnamed sources, the Union Ministry of Corporate Affairs sent a notice to the company after the federal economic intelligence wing found transactions it said was abnormal and dubious. The sources quoted by Bloomberg did not however reveal the exact amount of transactions involved in the case. They cited early stages of investigation as the reason. The company will have about two months to respond to the notice, according to the report. The corporate affairs ministry will further confirm if the company committed any corporate governance breaches and fund diversion. While Patanjali Ayurved is a closely held company, its unit Patanjali Foods Ltd. is publicly traded. Patanjali's face, Yoga Guru Ramdev, found himself in a soup earlier this year regarding some controversial comments. On May 2, Ramdev gave an undertaking in the Delhi High Court saying he will not issue any disparaging statement or publish on social media, posts similar to his "sharbat jihad" remark against Hamdard's Rooh Afza. A similar undertaking was also tendered by Ramdev's Patanjali Foods Ltd. The court passed the order while dealing with a lawsuit by Hamdard National Foundation India against Ramdev and his Patanjali Foods Ltd over the controversial remarks. Hamdard claimed while promoting Patanjali's "gulab sharbat", Ramdev alleged the money earned from Hamdard's Rooh Afza was used to build madrasas and mosques.
Mint
09-05-2025
- Business
- Mint
SBI to sell 13.19% stake in YES Bank to Sumitomo Mitsui Banking for ₹8,889 crore. Check details
India's largest lender State Bank of India (SBI), and seven other top lenders like HDFC Bank, Kotak Mahindra Bank, ICICI Bank, and Axis Bank, among others, are cumulatively offloading a 20% stake in YES Bank in favour of Japan's Sumitomo Mitsui Banking Corporation (SMBC), the private lender informed exchanges on Friday, May 9. SBI announced that it will sell a 13.19% stake held in YES Bank to SMBC for a consideration of ₹ 8,889 crore. SBI will offload 4,13,44,04,897 equity shares, amounting to a 13.19% stake, of YES Bank to Sumitomo Mitsui Banking Corporation at ₹ 21.50 per equity share. 'Pursuant to Regulation 30 and other applicable provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we advise that the Executive Committee of the Central Board (ECCB) of the Bank, in the meeting held on 9th May, 2025, has accorded approval to divest 4,13,44,04,897 equity shares of YES Bank Limited (YBL), being equivalent to approximately 13.19% of YBL's shares, to Sumitomo Mitsui Banking Corporation (SMBC) at Rs. 21.50 per equity share," SBI said in a filing. The total consideration for this transaction amounts to ₹ 8,888,97,05,285.50 (approximately ₹ 8,888.97 crores), subject to receipt of all regulatory and statutory approvals by the acquirer, it added. SBI held a 23.97% stake in YES Bank as of the March 2024 quarter. Following the deal, its stake in the company would drop to 10.78%. The stake sale is subject to receipt of all regulatory and statutory approvals by the acquirer, it said. The said stake sale is expected to be completed within 12 months from the date of execution, SBI added. Additionally, HDFC Bank, ICICI Bank, Kotak Mahindra Bank, Axis bank, IDFC First Bank, Federal Bank and Bandhan Bank will collectively sell 2,136,830,297 equity shares, representing 6.81% stake, of YES Bank to Sumitomo Mitsui Banking Corporation. ICICI Bank, HDFC Bank, Kotak Mahindra Bank, Axis Bank and Life Insurance Corporation of India together hold an 11.34% stake in Yes Bank. It was first in 2020 that these companies had acquired stakes in YES Bank, as part of RBI's bailout plan to stabilise the troubled private lender. These investments were part of a ₹ 10,000 crore infusion to recapitalise YES Bank and facilitate its restructuring under the RBI's guidance. Mint was the first to report that Japan's SMBC has secured the Reserve Bank of India's (RBI) go-ahead to acquire 51% in Yes Bank. SMBC will either buy less than 26% in YES Bank and do a merger through a share swap, or may buy up to 26% and launch an open offer, Mint had reported. Sumitomo Mitsui Banking Corporation is a Japanese multinational financial services company belonging to the Sumitomo Mitsui Financial Group. It has a market capitalisation of nearly ₹ 7.601 lakh crore. YES Bank shares closed the session nearly 10% higher at ₹ 20 apiece on the BSE ahead of the announcement.
