NTPC Ltd Share Price – NSE /  BSE

Power Generation & Distribution, Mid Cap

The joint venture company will undertake the development of 10 gigawatt (GW) of renewable energy parks and projects in Maharashtra or in any other state in India.

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

Shares of NTPC were lower 0.37% to Rs 435.15 on the BSE.

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The power generation firm informed that its board approved investment in Darlipali Super Thermal Power Project, Stage-II (1x800 MW) at an appraised current estimated cost of Rs 11130.98 crore.

Further, the board of directors has also accorded investment approval for Sipat Super Thermal Power Project, Stage-III (1x800 MW) at an appraised current estimated cost of Rs 9790.87 crore.

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

Shares of NTPC fell 1.42% to Rs 418 on the BSE.

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NTPC Green Energy (NGEL), a subsidiary of NTPC, has filed a draft red herring prospectus (DRHP) dated 18 September, 2024, with the Securities and Exchange Board of India, BSE and National Stock Exchange of India in respect of its proposed initial public offer (IPO) of equity shares, subject to receipt of requisite approvals, market conditions and other considerations.

NGEL is proposing to undertake an IPO of its equity shares of face value of Rs.10/- each (Equity Shares), comprising a fresh issue of Equity Shares aggregating up to Rs. 10,000 crore.

The IPO includes a reservation for subscription by eligible shareholders of NTPC and eligible employees of NTPC and the subsidiaries of NGEL.

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NPCIL will hold 51% stake in the JV and the remaining 49% stake would be owned by.

The JV would build, own & operate nuclear power plants in India, in accordance with provisions of the Atomic Energy Act.

Additionally, the Government of India has approved transfer of Mahi Banswara Rajasthan Atomic Power Project (MBRAPP) 4x700 MWe based on indigenous PHWR technology, from NPCIL to the JV company ASHVINI.

The government has also approved exemption to NPCIL to invest more than Rs 500 crore and exemption to NTPC to invest more than Rs 5000 crore in a single JV/subsidiary company. This will enable adequate financing for accelerated nuclear power capacity addition in India.

In addition to MBRAPP, ASHVINI shall also pursue other nuclear power projects in different parts of the country.

NTPC is India's largest energy conglomerate. It has presence in the entire value chain of the power generation business. As on 30 June 2024, the Government of India holds 51.10% 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 rose 0.11% to currently trade at Rs 416.75 on the BSE.

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