NTPC Ltd Share Price – NSE /  BSE

Power Generation & Distribution, Mid Cap

NTPC announced the incorporation of ONGC NTPC Green on 18 November 2024 as a 50:50 joint venture of NTPC Green Energy (NGEL), a wholly-owned subsidiary of NTPC and ONGC Green (OGL), a wholly-owned subsidiary of Oil and Natural Gas Corporation.

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NTPC announced the cessation of the following independent directors on completion of their term on 11 November 2024:

1. Vidyadhar Vaishampayan
2. Sangitha Varier
3. Vivek Gupta
4. Jitendra Jayantilal Tanna

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The said agreement was sign on 4 November 2024. Under the terms of the agreement, both companies will form a 50:50 partnership to own and operate the existing 2,320 MW Chhabra Thermal Power Plant, located in Rajasthan. The plant is divided into two stages, Stage 1 includes 4 units of 250 MW each and Stage 2 includes 2 units of 660 MW each.

The JV will also explore opportunities for the plant's capacity expansion in the future. Both NTPC and RVUNL will have equal rights to appoint directors to the JV company, although management control will remain with NTPC. As per the agreement, NTPC will have the right to appoint key executives, including the Chief Executive Officer (CEO), Chief Financial Officer (CFO), and Chief Operating Officer (COO).

Additionally, the agreement includes a Right of First Refusal provision, which allows the other party the first opportunity to purchase shares in the event of a sale.

NTPC is India's largest energy conglomerate. It has presence in the entire value chain of the power generation business. As on 30 September 2024, the Government of India holds 51.10% stakes in NTPC.

The state-run power major’s consolidated net profit increased 12.33% to Rs 5,474.14 crore on 12.64% rise in revenue from operations to Rs 48,520.57 crore in Q1 FY25 over Q1 FY24.

The scrip shed 0.70% to Rs 398.05 on the BSE.

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NTPC has signed a Joint Venture Agreement with Rajasthan Rajya Vidyut Utpadan Nigam (RVUNL) for Chhabra Thermal Power Plant on 4 November 2024.

RVUNL has 2320 MW (Stage-1: 4x250 MW Units & Stage-2: 2x660 MW Units) plant at Chhabra and both Parties have mutually agreed to form a 50:50 partnership JV Company which will own and operate the said power plant and also explore opportunities for its capacity expansion.

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