NTPC Forms Wholly-Owned Subsidiary for Nuclear Energy Business

State-run power giant NTPC Ltd has announced the incorporation of its wholly-owned subsidiary, NTPC Parmanu Urja Nigam Ltd (NPUNL), to spearhead its nuclear energy ventures. The subsidiary was formally established on January 7, 2025, and marks a significant step in NTPC’s efforts to diversify its energy portfolio.

NPUNL to Focus on Nuclear Energy Projects

According to NTPC’s regulatory filing, NPUNL will focus on the planning, development, and operation of nuclear energy projects for electricity generation and related purposes. The subsidiary aims to:

• Build, own, and manage nuclear power stations.
• Promote research and development in nuclear technology.
• Identify and develop suitable sites for nuclear facilities.

The incorporation of NPUNL follows approvals from the Ministry of Power, Department of Investment and Public Asset Management (DIPAM), and NITI Aayog. NTPC has subscribed to 50,000 equity shares of NPUNL at a face value of ₹10 each, giving it 100% ownership.

Q2 FY25 Performance

In its Q2 FY25 NTPC reported a net profit of ₹4,648 crore. The company’s net profit in the same quarter last year was ₹3,885 crore.

Key highlights of NTPC’s Q2 performance:

• Average Tariff stood at ₹4.67 per unit during the April-September period, up from ₹4.61 in the previous fiscal.
• Gross Electricity Generation: Declined to 88.46 billion units (BU) from 90.30 BU in the previous year.
• Coal Production: Increased from captive mines to 9.03 million tonnes (MT), up from 5.59 MT in the same quarter last year. For the April-September period, production rose to 18.67 MT from 11.83 MT.

Installed Capacity Expands

As of September 30, 2024, NTPC Group’s installed power generation capacity grew to 76,443 MW, up from 73,824 MW in September 2023. On a standalone basis, NTPC’s installed capacity increased to 59,168 MW from 57,838 MW during the same period.

Stock Performance 

On January 08, 2025, NTPC share price traded 1.63% lower at ₹323.50, while the BSE benchmark Sensex is down by 600.06 points to 77,599.05. NTPC share price reached a 52-week high of ₹448.30 on September 30, 2025, and a 52-week low of ₹296.55 on January 18, 2024. As per BSE, the total traded volume for the stock stood at 2 lakh shares with a turnover of ₹6.52 crore.

At the current price, NTPC shares are trading at a price-to-earnings (P/E) ratio of 16.53x, based on its trailing 12-month earnings per share (EPS) of ₹19.89, and a price-to-book (P/B) ratio of 2.04, according to exchange data.

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