Support quality journalism and subscribe to Business Standard. NHPC is engaged in electric power generation by hydroelectric power plants. Later on NHPC expanded its objects to include other sources of energy like Solar, Geothermal, Tidal, Wind etc. is the Chairman and Managing Director of NHPC Ltd. SWOT analysis of NHPC National Hydroelectric Power Corporation analyses the brand/company with its strengths, weaknesses, opportunities & threats. New Delhi: National Company Law Tribunal (NCLT), Hyderabad bench approved NHPC’s Resolution Plan for taking over Jalpower Corporation Limited (JPCL) as going concern vide its order dated 24.12.2020 and uploaded the same on its website on 07.01.2021. NEW DELHI: State-owned NHPC's board has approved a plan of raising Rs 2,000 crore through corporate bonds on a private placement basis. Copyrights © 2021 Business Standard Private Ltd. All rights reserved. The agreement was signed between NHPC, Resolution Professional and Secured Financial Creditors (PFC … Jalpower Corporation Limited is the second company after Lanco Teesta Hydro Power Ltd (LTHPL) to be acquired through NCLT process by NHPC. Team Business Standard, Last Updated at January 14, 2021 09:50 IST, 3i Infotech Ltd Slips 4.99%, S&P BSE IT Sector index Shed 2.14%, NHPC gains on signing agreement for JPCL acquisition, Hindustan Aeronautics Ltd Spurts 11.1%, S&P BSE Capital Goods index Gains 1.1%, HAL spurts after Govt orders 83 light combat aircrafts, Indian Bank raises Rs 2,000 crore by issuing bonds, Infosys Q3 PAT rises 7% QoQ to Rs 5,197 cr, Wipro Q3 PAT rises 20% QoQ to Rs 2,968 cr, Triveni Turbine Ltd leads losers in 'A' group, NHPC rises after NCLT approves resolution plan for Jalpower Corp, NHPC gains on MoU for floating solar energy projects in Odisha, NHPC rallies on inking MoU for execution of hydropower projects in J&K, Access Exclusive content - articles, features & opinion pieces, Weekly Industry/Genre specific newsletters - Choose multiple industries/genres, Access to 17 plus years of content archives, Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box, End of day news alerts on 5 companies (via email). Ministry of Power NHPC signs Definitive Agreement for implementation of Approved Resolution Plan for takeover of 120 MW Rangit-IV HE Project of JPCL in Sikkim Posted On: 13 JAN 2021 7:26PM by PIB Delhi NHPC Limited, India’s premier hydropower company and a PSU under Ministry of Power, has si Bharat Rasayan: A meeting of the Board of Directors will be held on January 12, 2021 to consider the proposal of buyback of equity shares of Rs 10 each fully paid, of the company. NHPC had submitted its Resolution Plan and was declared the successful resolution applicant by Committee of Creditors (CoC) on 24.01. IREDA signs MoU to support NHPC in Green Energy projects for 5 years IREDA will assist NHPC in developing an action plan to create and acquire Renewable Energy projects for the next 5 years. JPCL was executing 120 MW Rangit Stage-IV Hydroelectric Project in Sikkim. As a premium subscriber you get an across device unfettered access to a range of services which include: Welcome to the premium services of Business Standard brought to you courtesy FIS. There have been four important developments in … ), Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. NEW DELHI: The National Company Law Tribunal (NCLT) has approved state-run NHPC’s Rs 165 crore resolution plan for taking over Jalpower Corp as going concern, an official statement said on Thursday. The agreement was signed between NHPC, Resolution Professional and Secured Financial Creditors (PFC and PNB) in presence of Y.K. National Company Law Tribunal (NCLT), Hyderabad bench approved NHPC’s Resolution Plan for taking over Jalpower Corporation Limited (JPCL) as going concern vide its order dated 24.12.2020. NHPC will make upfront payment of Rs 165 crore for the resolution plan of JPCL. Updated: Jan 07, 2021, 10.19 PM IST. Name of the Post: NHPC Limited Trainee Engineer & Officer Result Released Post Date: 19-08-2020 Latest Update: 09-12-2020 Total Vacancy: 86 Brief Information: National Hydroelectric Power Corporation (NHPC) Limited has announced notification for the recruitment of Trainee Engineer & Trainee Officer through GATE 2020 UGC NET–June 2020, CLAT 2020 (for PG) & CA/CMA Score. document.write("");googletag.cmd.push(function(){googletag.defineOutOfPageSlot('/6516239/outofpage_1x1_desktop','div-gpt-ad-1490771277198-0').addService(googletag.pubads());googletag.pubads().enableSyncRendering();googletag.enableServices();}); NHPC will make upfront payment of Rs 165 crore for the resolution plan of JPCL. NHPC has further intimated that the National Company Law Tribunal (NCLT), Hyderabad bench has approved its resolution plan for taking over JPCL as going concern vide its order as on 24 December 2020. NCLT's Hyderabad bench through its order dated December 24, 2020, approved NHPC's resolution plan for taking over JPCL, the statement said. According to the statement, JPCL was executing a 120-MW Rangit Stage-IV Hydroelectric Project in Sikkim. NHPC had submitted its Resolution Plan and was declared the successful resolution applicant by Committee of Creditors (CoC) on 24.01. up-to-date information, please refer to the conference app. The corporate insolvency resolution process was initiated against the company on April 9, 2019. New Delhi, Jan 8 (PTI) The Hyderabad bench of the National Company Law Tribunal (NCLT) has approved state-owned NHPC''s resolution plan for Jal Power Corporation Ltd (JPCL), according to a statement. NCLT approves NHPC's resolution plan for JPCL. NHPC Limited (erstwhile National Hydroelectric Power Corporation)is an Indian Hydropower generation company that was incorporated in the year 1975 with an authorised capital of Rs. This program book was finalized in February 2019, but sometimes plans change. 2020. Corporate Governance Report for period ending 30.09.2017; Notification of CLOSURE OF TRADING WINDOW - 1st August 2017 (5.13 MB) Corporate Governance Report for the quarter 30.06.2017 (163 KB) Dividend Distribution Policy- NHPC Limited (334 KB) Notification for Extension of CLOSURE OF TRADING WINDOW -25th May 2017 (83 KB) The Hyderabad bench of the National Company Law Tribunal (NCLT) has approved state-owned NHPC's resolution plan for Jal Power Corporation Ltd (JPCL), according to a statement.. JPCL is the second company after Lanco Teesta Hydro Power Ltd (LTHPL) to be acquired through the NCLT process by NHPC, NHPC said in the statement on Friday.. NCLT's Hyderabad bench through its order dated … The total cost of the project is estimated as Rs.943.20 Crore. The corporate insolvency resolution process was initiated against the company on April 9, 2019 . Sharing further details, NHPC said it had submitted its resolution plan and was declared the successful resolution applicant by committee of creditors (CoC) on January 24, 2020. Save my name, email, and website in this browser for the next time I comment. NHPC Training & HRD Policy: Yes: Both: HR - Recruitment Section. NHPC Ltd (NHPC), a Government of India Enterprise, is an energy utility that plans, promotes and organizes the development of hydro power plants. 2010-11. NHPC to take over Rangit-IV project in Sikkim New Delhi, Jan 13 (PTI) State-owned NHPC on Wednesday inked a definitive agreement for takeover of Rangit-IV hydro power project in Sikkim. Jalpower Corporation Limited is the second company after … nhpc resolution plan Blogs, Comments and Archive News on Economictimes.com We believe in free, fair and credible journalism. The NHPC provides its members with access to group discounts from companies that offer valuable products and services. NHPC Limited (erstwhile National Hydroelectric Power Corporation) is an Indian Hydropower generation company that was incorporated in the year 1975 with an authorised capital of Rs. NHPC follows the GoI mandated dividend policy (higher of 5 per cent of net worth or 30 per cent of PAT), which translates to over ₹1.5/share. National Company Law Tribunal (NCLT), Hyderabad bench approved NHPC’s Resolution Plan for taking over Jalpower Corporation Limited (JPCL) as going concern vide its order dated 24.12.2020 and uploaded the same on its website on 07.01.2021. Corporate Social Responsibility (CSR) has been an integral part of NHPC’s business philosophy. Hon’ble NCLT approves NHPC’s Resolution Plan for Jalpower Corporation Limited. Cuttack’s Inter-State Bus Terminal to be Named after Netaji, Says Naveen… During the FY 2011-12, a budget of 0.5% of PAT was allocated to CSR activities of NHPC and the target was also set accordingly. Yes: Both: N/A: 2: List of candidates called for written test. In a major bid to open up water resources to investment, the J&K Lieutenant Governor administration on Sunday signed memorandum of understandings (MoUs) with NHPC, as it plans … nhpc resolution plan Latest Breaking News, Pictures, Videos, and Special Reports from The Economic Times. NHPC Corporate Office Phase 2 Location : Faridabad, Haryana Site Area : 23,733 m2 Built up Area : 14,584 m2 (excluding basement) Typology : Residential (excluding auditorium) Air-conditioned Area 2: 13,284 m Non Air- conditioned Area : 1300 m2 2000 million and with an objective to plan, promote and organise an integrated and efficient development of hydroelectric power in all aspects. Jalpower Corporation (JPCL) was executing 120-mw Rangit Stage-IV Hydroelectric Project in Sikkim. NHPC rose 1.01% to Rs 25.05 after the company said it signed a definitive agreement for acquisition of Jalpower Corporation. The announcement was made after market hours yesterday, 13 January 2021. You have entered an incorrect email address! Read more about NHPC rises after NCLT approves resolution plan for Jalpower Corp on Business Standard. NHPC has signed a definitive agreement for the implementation of approved resolution plan for takeover of 120 MW Rangit-IV HE Project of JPCL based out of Sikkim PSU Watch Bureau - January 13, 2021 NHPC to takeover 120 MW Rangit-IV HE Project of JPCL in Sikkim New Delhi: NHPC Limited, India’s premier hydropower company and a PSU under the Ministry of Power has signed a Definitive Agreement on January 13, 2021, for implementation of the Approved Resolution Plan for takeover of 120 MW Rangit-IV HE Project of Jalpower Corporation Limited (JPCL) in Sikkim. All rights reserved. NHPC has adopted a structured Scheme on Corporate Social Responsibility in line with DPE guidelines on CSR initiatives w.e.f. Chaubey, Director (Tech) NHPC, R.P. NCLT approves NHPC’s acquisition plan for Jalpower Corporation Limited Jalpower Corporation Limited (JPCL) is currently undergoing Corporate Insolvency Resolution Process (CIRP) which was initiated on April 09, 2019 vide an NCLT order PSU Watch Bureau - January 07, 2021 Goyal, Director (Finance) NHPC and senior officers from NHPC and PFC. The Hyderabad bench of the National Company Law Tribunal (NCLT) has approved state-owned NHPC's resolution plan for Jal Power Corporation Ltd (JPCL), according to a statement.. JPCL is the second company after Lanco Teesta Hydro Power Ltd (LTHPL) to be acquired through the NCLT process by NHPC, NHPC said in the statement on Friday.. NCLT's Hyderabad bench through its order dated … NHPC has paid an interim dividend of Rs. 840.96 crore to Govt. To get the most . NHPC members also receive special rates for NHPC … NHPC has signed a definitive agreement for the implementation of approved resolution plan for takeover of 120 MW Rangit-IV HE Project of JPCL based out of Sikkim PSU Watch Bureau - January 13, 2021 NHPC to takeover 120 MW Rangit-IV HE Project of JPCL in Sikkim The National Company Law Tribunal (NCLT), Hyderabad bench approved NHPC's resolution plan for taking over JPCL as going concern vide its order on Dece.. We have updated our terms and conditions and privacy policy Click "Continue" to accept and continue with ET LegalWorld. nhpc resolution plan Latest Breaking News, Pictures, Videos, and Special Reports from The Economic Times. NHPC Limited, India’s premier hydropower company and a PSU under Ministry of Power, has signed Definitive Agreement on 13th January 2021 for implementation of the Approved Resolution Plan for takeover of 120 MW Rangit-IV HE Project of Jalpower Corporation Limited (JPCL) in Sikkim. NHPC received Rs 7.34 billion from PFC on account of dues pending from J&K UT through the PFC/REC scheme, under UDAY limit relaxation. The biggest of NHPC’s plans is for a joint venture with another public sector company, Damodar Valley Corporation (DVC), to build a whopping 1,800 MW …