Uttar pradesh power corporation limited

"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/...

The Uttar Pradesh Power Corporation Limited (UPPCL) management has made elaborate arrangements to deal with power employees proposed 72-hour token strike from March 16 night in response to a call by the UP Rajya Vidyut Karmchari Sanyukt Sangharsh Samiti to press its demand for implementation of the December 3, 2022 agreement. Power employees taking out rally in Lucknow on Tuesday. (Deepak Gupta/HT) The agreement that the employees signed with the UPPCL management before ending the strike then, promises of employee welfare and discourages any action related to privatisation. People aware of the development said that the corporation has made preparations to deal with the strike after chief secretary Durga Shankar Mishra held a meeting with the senior officials of the energy department to take stock of the situation here on Monday. Power employees, on the other hand, took out torch processions in various cities on Tuesday as a build-up to the strike after talks between their leaders and energy minister AK Sharma ended in a deadlock. A senior UPPLC official said that commissioners and district magistrates have been alerted and asked to regularly review power supply situation in districts under them in close coordination with power department officials. “Control rooms too have been set up in the Shakti Bahwan and in each discom so that consumers can lodge their complaint regarding power supply and the corporation would also seek services of retired personnel as well as the NTPC...

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....

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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