Uttar pradesh power corporation

NLC India Limited, previously known as Neyveli Lignite Corporation Limited, is gearing up to meet the increasing demand for power supply. The company is set to commence the operation of its first super critical coal-based thermal power plant shortly. The maiden power plant, Neyveli Uttar Pradesh Power Ltd (NUPPL), is being constructed in Ghatampur Tehsil, Uttar Pradesh. The NUPPL project is being constructed based on engineering, procurement, and construction (EPC) contract mode. It will be handled by a single contractor and the contractor is responsible for all the project's aspects, from procuring equipment to building the infrastructure to developing the power plant itself. Chairman and Managing Director of NLC India Limited, Prasanna Kumar Motupalli said "The work is in full swing at NUPPL and will be commissioned by the end of FY 2023-24," Financial Express. NLC India Limited is executing the project in partnership with Uttar Pradesh Rajya Vidyut Utpadan Nigam Ltd (UPRVUNL). The NUPPL power plant project received the Government of India sanction on 27 July 2016. Piyush Goyal, then the Union Minister of State (MoS) for Power, Coal, New and Renewable Energy and Mines (Independent Charge), laid the foundation stone for the project. Despite the expected completion period of 64 months, the project was delayed due to various reasons, including the COVID-19 pandemic. The NUPPL super critical thermal power project is being developed across a massive area of 1,013.97 hectares....

LUCKNOW Chances of the Uttar Pradesh Power Corporation Ltd (UPPCL) getting refund of more than ₹2,000 crore employees’ provident fund it invested as fixed deposits (FDs) in Dewan Housing Finance Ltd (DHFL) allegedly against investment guidelines are getting thinner, people aware of fresh developments said. Between March 2017 and September 2019, the UPPCL PF Trust invested ₹2631.20 crore in the form of 319 FDs with the DHFL, a Mumbai-based housing finance company, allegedly in violation of the Central government’s investment guidelines (Pic for representation) The corporation has already lost its case in the National Company Law Tribunal (NCLT) in June 2021 and the National Company Law Appellate Tribunal (NCLAT) last week for getting the full refund with interest from the broke DHFL. And now, in a last-ditch attempt, the corporation is gearing up to move the Supreme Court for relief. “On January 27, the NCLAT rejected our plea for full refund of the money deposited in the DHFL. The appellant tribunal refused to interfere with the NCLT’s earlier order in this regard,” a senior UPPCL official said. “As a last resort, we will soon move the Supreme Court after discussing the issue in the board meeting of the UP State Power Sector Employees Trust,” he added. Between March 2017 and September 2019, the UPPCL PF Trust invested ₹2631.20 crore in the form of 319 FDs with the DHFL, a Mumbai-based housing finance company, allegedly in violation of the Central government’s investment gu...

Welcome to our eBook Uttar Pradesh Power Corporation Limited (UPPCL) is the company responsible for electricity distribution within the Indian state of Uttar Pradesh. This module is created with the purpose of making important office orders available to our employees, officers and consumers. One may search them or find them category wise. Let's find them

"We find it the right time to tap the local markets before interest rates start shooting up," said Pankaj Kumar, managing director at UPPCL. "We aim to use proceeds for our working capital requirements. We expect a strong response from a variety of investors in view of the strong debt-servicing mechanism of the proposed issue.” The base size of the issue is pegged at Rs 2,000 crore with an option to retain oversubscriptions up to Rs 6,000 crore. A K Capital, Trust Capital and Tipsons are helping the company to raise bonds. Local rating companies including India Ratings have rated UPPCL paper with A+ (CE). Credit Enhancement or CE reflects backing from the state government. “UPPCL’s unsupported rating continues to be based on the credit profile of the GoUP, its ongoing support and the strength of linkage between the corporation and the state government,” the rating company said in a note. The government of Uttar Pradesh, through budgetary allocation has committed to provide quarterly funding support for servicing of bonds throughout the tenure. Besides, bondholders will have an additional comfort of Debt Service Reserve Account (DSRA), a cash reserve which gives additional comfort to the lender/ investor. It ensures that the borrower will always have funds deposited to cover future debt service. In case of any delay in interest payment or repayments the reserves will be used. The rating is supported by the presence of a debt servicing mechanism to tap into UPPCL’s top line/...

Lucknow (Uttar Pradesh) [India], June 10 (ANI): The preparations for the International Trade Show to be held from September 21 to 25 in Greater Noida have been in full swing, said Uttar Pradesh state authorities. They added that the event will focus primarily on 40 sectors that contribute significantly to the development of the state for achieving the goal of trillion dollar economy. After receiving investment proposals of over Rs 35 lakh crore at the UP Global Investors Summit, the state government is aiming to provide a platform where various sectors related to its products and services can converge. In the course of five days, the show will exhibit a magnificent display of the talent, culture, resources, and capability of the fastest-growing state in the country, wherein a large number of B2B and B2C buyers are expected to participate. The UP government will focus on 40 sectors in the International Trade Show. Various stalls and other information related to the selected sectors associated with the development of the state will be provided to the buyers. The 40 sectors will include the Credit Guarantee Scheme for Micro and Small Enterprises, Digital India Mission, Namami Gange Jal Shakti, Software Technology Park, Infrastructure Development, UP Power Corporation, IT and Smart City Mission, National SC/ST Hub Scheme, Khadi Gramodyog Vikas Yojana, International Corporation Scheme, Education Sector, Defence Corridor, Rural and Urban Development Scheme, UP Police Association...