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NTPC FPO presentation on Dec 15

Source : BUSINESS_STANDARD
Last Updated: Mon, Dec 10, 2012 03:58 hrs

pThe department of disinvestment DoD will make a presentation to the government on December 15 for the proposed follow-on public offering FPO of NTPC Ltd targeting to raise around Rs 13000 croreppAnnouncing this on the sidelines of the PanIIT Global conference here today NTPC Chairman and Managing Director Arup Roy Choudhury expressed optimism that the FPO would be completed within MarchppOn November 22 the government had approved sale of 95 per cent stake in the country&rsquos largest power producerppMeanwhile Coal India and NTPC which were locking horns over the clauses in draft fuel supply agreement FSA will hold a crucial meeting tomorrow to sort out differencesppThe Kolkata-based coal major has signed only 33 FSAs till now despite a deadline set to power companies by the Prime Minister&rsquos Office to sign the pacts by November end even if they don&rsquot have binding pacts for power salesppChoudhury confirmed the developmentppThe Cabinet Committee on Economic Affairs CCEA at its meeting that day gave the green signal for NTPC disinvestment by way of offer for sale through stock exchangesppAfter the disinvestment government of India&rsquos shareholding in the company would come down to 75 per centppReferring to the 1320-Mw coal-fired power project being set up in Bangladesh by NTPC at a cost of 15 billion Choudhury said the project was on schedulep


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