NTTC meaning in Business ?

Answer:

What is National Thermal Power Corporation mean?

NTPC Limited, formerly known as National Thermal Power Corporation Limited, is an Indian statutory corporation. It engaged in generation of electricity and allied activities. It is a statutory corporation incorporated under the Companies Act 1956 and is under the jurisdiction of Ministry of Power, Government of India. The headquarters of the company is situated at New Delhi. NTPC's core function is the generation and distribution of electricity to State Electricity Boards in India. The body also undertakes consultancy and turnkey project contracts that involve engineering, project management, construction management, and operation and management of power plants.

The body has also ventured into oil and gas exploration and coal mining activities. It is the largest power company in India with an electric power generating capacity of 62,086 MW . Although the company has approx. 16% of the total national capacity, it contributes to over 25% of total power generation due to its focus on operating its power plants at higher efficiency levels (approx. 80.2% against the national PLF rate of 64.5%).NTPC currently produces 25 billion units of electricity per month.

NTPC currently operates 55 power stations (24 Coal, 7 combined cycle gas/liquid fuel, 2 Hydro, 1 Wind, and 11 solar projects). Further, it has 9 coal and 1 gas station, owned by joint ventures or subsidiaries.

It was founded by Government of India in 1975, which now holds 54.74% of its equity shares on 30 June 2016 (after divestment of its stake in 2004, 2010, 2013, 2014, 2016, & 2017)
In May 2010, NTPC was conferred Maharatna status by the Union Government of India, one of the only four companies to be awarded this status. It is ranked 400th in the Forbes Global 2000 for 2016.

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