Short Bio
NTPC Limited, formerly known as National Thermal Power Corporation, is an Indian central public sector enterprise that generates electricity and engages in related operations. It is owned by the Ministry of Power, Government of India. The PSU’s corporate headquarters are in New Delhi. The primary duties of NTPC in India are the production and distribution of power to State power Boards. The organisation also works on consulting and turnkey project contracts for engineering, project management, construction management, and power plant operation and management.
Overview
| Company Name: | NTPC Limited |
| Also Know as: | NTPC |
| Type: | Public |
| Industry: | Power Generation |
| Founded: | 1975 |
| Founders: | Government of India |
| Headquarters: | New Delhi, India |
| Area Served: | India |
| Revenue: | INR 98,307 crore (2020-21) |
| Net Income: | INR 12,858 crore (2020-21) |
| Number of Employees | Over 19,000 (2020-21) |
| Website: | https://www.ntpc.co.in/ |
History
The corporation was renamed from “National Thermal Power Corporation Limited” to “NTPC Limited” in October 2005. The company’s entry into nuclear and hydroelectric power generation as well as the backward integration of coal mining were the main drivers of this change. It and the Sri Lankan government came to a deal in 2006 to build two 250 MW units in Trincomalee, Sri Lanka.To grow its power generation industry, NTPC formed joint ventures with BHEL, Bharat Forge, NHPC, Coal India, SAIL, NMDC, and NPCIL between 2008 and 2011. Its installed capacity surpassed 31,000 MW at the year’s conclusion.
In order to participate in coal mining activities, the company teamed up in 2009 with other state-owned businesses Rashtriya Ispat Nigam, Steel Authority of India, Coal India, and National Minerals Development Corporation under a joint venture vehicle called International Coal Ventures Private Limited (ICVL). The Rio Tinto Group sold ICVL a 65 percent ownership in the Benga coal mine in Mozambique in July 2014. The market capitalization of NTPC Limited in December 2022 was Rs. 1,66,249.34 crore.
Services
NTPC is primarily engaged in the generation and sale of electricity. The company operates a diverse portfolio of power plants, including coal-based, gas-based, hydroelectric, and renewable energy projects. NTPC is known for its operational excellence, efficiency, and focus on adopting cleaner and sustainable technologies. The company also provides consultancy services in the power sector and has ventured into related areas such as electric vehicle charging infrastructure.
Founder
NTPC Limited was founded by the Government of India with the objective of developing and operating power projects to meet the country’s growing energy needs. The government played a crucial role in establishing NTPC as a public sector undertaking and providing the necessary resources and support for its growth. Over the years, NTPC has emerged as one of the leading power generation companies in India.
Achievements
NTPC has accomplished a number of landmarks and been recognised for its contribution to the power industry. The business has constantly been listed among the biggest power generation enterprises in the globe. NTPC has received praise for its commitment to corporate social responsibility, environmental sustainability measures, and operational effectiveness. Additionally, the business has been recognised for its outstanding work in the areas of technology adoption, power plant performance, and employee welfare policies.