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The National Stock Exchange paid ?186 crore to 20 advisory banks for its $2.4 billion IPO. At 0.82% of the total issue, the fee structure remains well below India’s market average, despite the IPO drawing strong institutional demand with a 5.7x overall subscription. View More
National Stock Exchange of India Ltd. paid about 1.86 billion rupees ($19.4 million) in fees to the 20 banks that worked on its $2.4 billion initial public offering, according to an exchange filing. The payout amounts to about 0.82% of the issue size, highlighting the relatively modest fees bankers accepted to advise on one of India’s most anticipated IPOs in years. While that was higher than the roughly 0.65% indicated before the offering, it is well below the 1.86% average rate paid by local companies last year, according to data compiled by LSEG. NSE appointed about 20 banks for the offering, with Kotak Mahindra Capital Co., JM Financial Ltd. , Morgan Stanley, HSBC Holdings Plc, Citigroup Inc. and JPMorgan Chase & Co. taking key roles. The IPO was subscribed 5.7 times, and demand was mainly driven by institutional buyers who bid for 12.7 times their allotted portion, according to data on BSE Ltd.’s website. Fees on some of India’s other large listings have varied sharply over the years. Life Insurance Corp. of India and NTPC Green Energy Ltd. paid about 0.58% and 0.54% of their respective issue sizes, while private-sector companies have typically paid more. Hyundai Motor India Ltd. ’s 2024 IPO — the country’s biggest ever — paid about 4.93 billion rupees, or 1.77% of the issue size, while LG Electronics India Ltd. ’s listing paid about 1.94%. .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;width: 100%;box-sizing: border-box} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our ETMarkets WhatsApp channel) (You can now subscribe to our ETMarkets WhatsApp channel)
A sustainable market depends on consumers having enough purchasing power to buy the goods and services businesses produce View More
Amid market volatility, Sumeet Bagadia highlights five stocks to watch—Kaynes Technology, GESHIP, NTPC Green Energy, Eternal, and AAVAS—for bullish signals. Each shows improving technical setups and performance patterns, suggesting further upside potential if key risk levels are maintained. View More
Triveni Turbine said that the credit rating agency ICRA has reaffirmed the company's long-term rating at '[ICRA] AA+' with 'stable' outlook. View More
Growth must translate into better jobs, higher wages and greater economic security for ordinary Indians, CEA Nageswaran says View More
The termination is due to the contractor’s failure to meet its contractual obligations and achieve the required project progress View More
NTPC Ltd has terminated a Rs 413.37 crore contract awarded to GR Infraprojects Ltd (GRIL) for a 400 MWh Battery Energy Storage System (BESS) project at its Mouda Super Thermal Power Station in Maharashtra, citing failure to meet contractual obligations and required project progress. View More
New Delhi: NTPC Ltd has terminated a Rs 413.37 crore contract awarded to GR Infraprojects Ltd ( GRIL ) for a 400 MWh Battery Energy Storage System (BESS) project at its Mouda Super Thermal Power Station in Maharashtra, citing failure to meet contractual obligations and required project progress. According to a release by the company, the contract, awarded in March 2026, was scheduled for completion within 15 months. However, the project faced significant delays in critical activities, and GRIL failed to take the required corrective measures after NTPC issued a contractual notice, the company said in a statement. Also read: Mitsubishi moves to exit NTPC project Following the termination, NTPC has encashed available securities amounting to approximately Rs 91 crore in line with the contractual provisions. NTPC said it has already initiated the process to re-tender the project at the risk and cost of GRIL, with measures being taken on priority to facilitate its early re-award and timely implementation. Live Events The Mouda BESS project is intended to strengthen grid flexibility and support the integration of renewable energy, making timely implementation important for NTPC's broader storage deployment plans. The company said the project is part of its wider efforts to deploy battery energy storage alongside its conventional generation assets. NTPC has been pursuing BESS projects across multiple locations as energy storage assumes a larger role in balancing an increasingly renewable-heavy power system. The termination comes after the project failed to meet the required progress despite the contractual notice seeking immediate remedial action. NTPC said the next focus would be on re-awarding the project and ensuring its timely execution. The company had awarded the project for a total contract value of Rs 413.37 crore in March, with the 400 MWh system planned at the Mouda Super Thermal Power Station. Going ahead, NTPC said it is taking necessary measures to facilitate the early re-award and timely implementation of the BESS project, while the project remains part of its broader effort to expand battery storage alongside its conventional power generation assets. .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;width: 100%;box-sizing: border-box} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our Economic Times WhatsApp channel) (You can now subscribe to our Economic Times WhatsApp channel)
The current commercial capacity of NTPC Green Energy Limited group stands at 10,911.08 MW. With the addition of the above, the total installed capacity of the NTPC Green Energy Group will increase to 10,920.53 MW. View More
CEA V Anantha Nageswaran says business schools must focus on judgement, resilience and deep thinking as AI and geopolitical disruptions reshape management View More
Adani Energy, Coal India, Tata Power, NTPC, and Power Grid are set to benefit from upcoming power transmission projects. According to PL Capital, CESC is expected to deliver the highest return of 54%, while NTPC and Power Grid also have positive outlooks. Check target price View More