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NTPC resumes power supply after Sikkim govt assures payment

08 Mar 2021 Evaluate

NTPC has restored power supply to Sikkim after the state's assurance of paying the outstanding amount of Rs 89-crore in a time-bound manner. From midnight of March 3, the company had stopped 105 megawatts (MW) of power supply to Sikkim because of non-payment of Rs 89 crore outstanding dues. Despite the requirement of a Letter of Credit, Sikkim was not maintaining the same.

NTPC is the largest power utility company in India and has presence in Coal, Gas, Solar PV, Hydro and Wind Power Generation and Coal Mining.

Peers
Company Name CMP
NTPC 316.70
Tata Power 350.00
Adani Power 196.95
Power Grid Corpn. 254.65
Adani Energy Solut. 1325.50
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