NTPC, NTPC Green Announces Mega Investment of ₹96,000 Crore for Major Energy Projects in Chhattisgarh

State-owned power giant NTPC Ltd and its subsidiary, NTPC Green Energy, have announced significant investment plans in Chhattisgarh, committing a total of ₹96,000 crore for nuclear, pumped hydro, and renewable energy projects.

The agreements were signed at the Chhattisgarh Energy Investors Summit 2025 in Raipur, reinforcing NTPC’s commitment to advancing India’s clean energy ambitions.

Major Investment in Nuclear Energy

The most substantial project under these agreements is the development of 4,200 MW of nuclear power capacity in Chhattisgarh.

This initiative alone accounts for an estimated investment of ₹80,000 crore, making it one of the largest nuclear energy projects undertaken by NTPC.

Pumped Hydro Storage Project in Gariyaband

In addition to nuclear energy, NTPC is also investing in a 1,200 MW pumped hydro storage project at Sikaser in the Gariyaband district. This project, developed in partnership with the Chhattisgarh State Power Generation Company Limited (CSPGCL), will require an investment of ₹5,876 crore.

Pumped hydro storage plays a crucial role in stabilising grid operations and supporting renewable energy integration.

Renewable Energy Expansion

To further bolster clean energy capacity, NGEL and CSPGCL have formed a joint venture to develop up to 2 GW of renewable energy projects across Chhattisgarh.

This collaboration will see an investment of approximately ₹10,000 crore, contributing to the state’s Renewable Purchase Obligation (RPO) and CSPGCL’s Renewable Generation Obligation (RGO).

These projects are expected to significantly enhance Chhattisgarh’s renewable energy portfolio.

Financial Performance of NTPC

NTPC has continued to show strong financial performance. The company posted a net profit of ₹4,711.4 crore for the third quarter of the financial year 2024-25. This marks a 3.1% year-on-year (YoY) growth from ₹4,571.9 crore in Q3FY24.

Revenue for the quarter stood at ₹41,352.3 crore, registering a 4.8% YoY increase compared to ₹39,455 crore in the same period last year.

Additionally, NTPC’s EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) saw a significant rise of 20.3% YoY, reaching ₹11,960.6 crore from ₹9,941 crore in Q3 FY23.

Stock Performance 

On March 10, 2025, NTPC share price ended 0.06% lower at ₹329.15. NTPC share price reached a 52-week high of ₹448.30, and a 52-week low of ₹292.70. As per BSE, the total traded volume for the stock stood at 2.34 lakh shares with a turnover of ₹7.75 crore.

At the current price, NTPC shares are trading at a price-to-earnings (P/E) ratio of 16.42x, based on its trailing 12-month earnings per share (EPS) of ₹20.4, and a price-to-book (P/B) ratio of 2.05, according to exchange data.

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