NTPC Approves Investment Worth Rs.20,922 Crore For Two Power Projects

NTPC Ltd, one of India’s top power-producing companies,  has just approved investments for two of its major thermal power projects amounting to Rs. 20,922 crores, which shall be adequate in increasing the company’s energy capacity by many folds in Odisha and Chhattisgarh.

Investments in Darlipali, Sipat Projects

The NTPC board has agreed to Stage II of the Darlipali Super Thermal Power Project in Odisha which will provide an additional 1×800 MW of power at an estimated cost of Rs.11,131 crore. The company will invest Rs.9,791 crore in stage III of the Sipat Super Thermal Power Project in Chhattisgarh, adding another 1x 800 MW to the grid.

NTPC’s Push: Rs. 10,000 Crore IPO

On the renewables side, the NTPC group is raising Rs.10,000 crore from an initial public offering (IPO) through its wholly-owned subsidiary, NTPC Green Energy Ltd., the fresh issue has no offer-for-sale(OFS) component, which will boost its presence in the green energy space.

Financials: Growth in FY25

It is high tide for NTPC with its latest financial results. The company reported 13.5% growth in Q1FY25, taking it to Rs.44,419 crore. While net profits increased by 11% to Rs.4,511 crore, EBITDA increased 9.5% to R.12,466 crore, which was above market estimates.

Market Response

The shares of NTPC hit an all-time high and settled 2.38% higher on the NSE at Rs.423.95 this week. The stock closed Rs.10.15 or 2.45% higher at Rs.424, yesterday and is trading slightly below Rs.422 today.

Conclusion: With huge investments going into renewable as well as traditional sources of energy, NTPC seems ready to strengthen its position in India’s energy sector. The company’s dual focus on thermal projects and green initiatives shows that the company is coming up with many more.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.