At least 16 people died, and scores suffered severe burn injuries after a boiler exploded at NTPC’s Unchahar plant in Uttar Pradesh’s Rae Bareli district. Chief Minister Yogi Adityanath announced Rs 2 lakh compensation for the families of those killed and Rs 50,000 for the grievously injured.
State-run NTPC has signed a non-binding agreement with Rajasthan Rajya Vidyut Utpadan Nigam Ltd and Rajasthan Urja Vikas Nigam Ltd for takeover of Chhabra Thermal Power Plant. The MoU was signed between NTPC, Rajasthan Rajya Vidyut Utpadan Nigam Ltd. and Rajasthan Urja Vikas Nigam Ltd. in the presence of Chief Minister Vasundhara Raje at her residence.
New Delhi, Feb 24 (ANI): India's sale of a five percent stake in top power producer NTPC Ltd. received bids for 80 percent more shares than were on offer for institutional investors on Tuesday, setting the government on course to raise about $730 million. Retail investors, for whom a fifth of the NTPC issue is reserved, can place bids on Wednesday, after which the final price and total proceeds will be ascertained. Unsubscribed shares from the retail portion will be allocated to the funds.