NTPC announces interim dividend, net profit rises to ₹3,315 crore in Q3
File photo of an NTPC plant in Gujarat. The firm currently has 2,298MW renewable energy projects under construction.
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NTPC board approved an interim dividend of ₹3 per share for the financial year 2020-21. The date of payment/dispatch of dividend shall be February 26 2021, the company said.
The state-run company today announced a 10% increase in net profit to ₹3315 crore in the December quarter as compared to ₹2,995 crore in the same quarter of the previous year. Its revenue from operations rose to ₹24,509 crore in the quarter ended December 31, 2020, as compared to ₹23,496 crore in the same quarter of the previous year.
State-owned fuel retailers Indian Oil Corporation Ltd (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) had on January 6, resumed daily price revision after nearly a month-long hiatus. Since then, rates have gone up by Rs 2.34 a litre on petrol and Rs 2.36 in case of diesel.
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IOC to monetise pipeline assets, says many investors interested
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IOC to monetise pipeline assets, says many investors interested
PTI / Feb 2, 2021, 14:17 IST
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NEW DELHI: State-owned Indian Oil Corporation (IOC) is likely to sell stakes in one or two of its vast network of crude oil and petroleum product pipelines in the country under the asset-monetisation plan, but won t give up control, its director (finance) Sandeep Kumar Gupta said Tuesday. InvIT could be one model which we may look at but we won t sell 100 per cent. We will remain the operator, he said on a conference call with analysts and investors.
Indian Oil to monetise pipeline assets, says many investors interested
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Last Updated: Feb 02, 2021, 02:34 PM IST
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Finance Minister Nirmala Sitharaman in her Budget for fiscal year beginning April 1, announced monetisation of oil and gas pipeline assets of IOC, gas utility GAIL (India) Ltd and Hindustan Petroleum Corporation Ltd (HPCL).
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IOC also owns two natural gas pipelines - 132-km Dadri-Panipat and 1,421 km Ennore-Tuticorin line, and two LPG lines - 280-km Panipat-Jalandhar and 873-km Paradip-Haldia-Durgapur.
IOC) is likely to sell stakes in one or two of its vast network of crude oil and petroleum product pipelines in the country under the asset-monetization plan, but won t give up control, its Director (Finance) Sandeep Kumar Gupta said Tuesday. InvIT could be one model which we may look at but we won t sell 100 per cent. We will remain the operator, he said on a conference call with analysts and investors.