NTPC Ltd Crossed Mark of 400 Billion Units (BU) of Total Electricity Generation

On March 14, 2024, the Ministry of Power announced that National Thermal Power Corporation (NTPC) Ltd, a Central Public Sector Enterprise (CPSE) had crossed the mark of 400 Billion Units (BU) of total electricity generation till March 13, 2024, in FY24. However, in FY23, the company had generated 399.3 BU. This milestone has been achieved with an average Plant Loading Factor (PLF) of 77.06% for NTPC’s coal stations till March 13, 2024, in the current financial year, i.e. FY24.

The highest-ever single-day power generation of 1,428 million units was recorded by NTPC on September 01, 2023. The outstanding performance of NTPC units is a credit to the company’s operation and maintenance procedures, systems, and engineering skills.

Although NTPC has an installed power capacity of 75.4 GW, an additional 18 GW, comprising 5 GW of renewable energy, is now being constructed. By 2032, NTPC is seeking to strengthen its non-fossil-based capacity to 45-50% of the company’s portfolio, which will include 60 GW RE capacity with a total portfolio of 130 GW.

In addition to producing electricity, NTPC has dabbled in a number of other markets, including e-mobility, waste-to-energy, and green hydrogen solutions. It has also taken part in the Union Territories power distribution bidding process.

On March 15, 2024, the share price of NTPC Ltd opened at ₹323.20 and touched the day high of ₹326.00 at 12:10 PM.

On March 10, 2024, NTPC and NTPC Green Energy Ltd (NGEL) inked two separate non-binding Memorandum of Understanding (MoU) with Rajasthan Rajya Vidyut Utpadan Nigam Ltd (RVUNL) to explore opportunities for adding supercritical units to the existing Chhabra Thermal Power Plant. Additionally, all the parties to the agreement aim to implement measures to enhance efficiency and reduce the generation cost of the plant’s existing units.

During Q3 FY24, NTPC recorded a rise of ~10.2% on a QoQ basis in net consolidated profit to ₹5,209 crore. In addition, its net profit rose by 7% on a YoY basis.

About NTPC Ltd

NTPC Limited is one of the leading integrated power utility companies in India, contributing 1/4th of the electricity requirement of the country. NTPC is committed to delivering reliable, affordable, and sustainable electricity to the nation with a diverse portfolio of thermal, hydro, solar, and wind power plants.

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