Coal news and updates

Apply for coal mine for power plant in Telangana: Govt to NTPC

The government has asked state-run NTPC to apply for coal block for its proposed 4,000 MW thermal power plant in Telangana during the next round of allotment of mines. "Requests for grant of long-term linkages for proposed 4,000 MW... NTPC TPP (thermal power plant) and 3 TPPs of 5,880 MW capacity being set up by Telangana State Power Generation Corporation Ltd (TSGENCO) in the state have been received," Coal and Power Minister Piyush Goyal said in a written reply to Rajya Sabha. However, long term linkage/Letter of Assurance (LoA) have not been granted to any of the sectors since 2010 due to coal availability constraints, the minister said. "In view of the above, NTPC has been advised to apply for allocation of coal block for proposed 4,000 MW thermal power plant in Telangana... during the next round of allotment of coal blocks," he added. With 18 coal-based power stations, NTPC is the largest thermal power generating company in the country. It has a coal-based installed capacity of 34,425 MW, according to NTPC's website. NTPC stock price On August 11, 2015, at 10:25 hrs NTPC was quoting at Rs 129.80, down Rs 1.5, or 1.14 percent. The 52-week high of the share was Rs 164.70 and the 52-week low was Rs 126.80. The company's trailing 12-month (TTM) EPS was at Rs 12.40 per share as per the quarter ended June 2015. The stock's price-to-earnings (P/E) ratio was 10.47. The latest book value of the company is Rs 116.56 per share. At current value, the price-to-book value of the company is 1.11.

source: http://www.moneycontrol.com