NTPC is venturing into the nuclear energy sector by establishing a new division
Nuclear Energy Sector – State-owned power giant NTPC Ltd announced on Tuesday, January 7th, the establishment of its wholly-owned subsidiary, NTPC Parmanu Urja Nigam Ltd (NPUNL), to lead its nuclear energy initiatives.
In a regulatory filing, NTPC stated that NTPC Parmanu Urja Nigam Ltd was incorporated on January 7, 2025, as a wholly-owned subsidiary of NTPC Limited specifically for the purpose of undertaking Nuclear Energy Business.
NPUNL has been created to oversee the planning, development, and operation of nuclear energy projects for electricity generation and related purposes. The subsidiary’s primary focus will be on constructing, owning, and managing nuclear power stations, advancing research and development, and identifying suitable sites for nuclear facilities.
NTPC reported a significant 19.6% increase in net profit to ₹4,648 crore for the September quarter (Q2), surpassing a CNBC-TV18 poll estimate of ₹4,351 crore. In the same period last year, the state-owned power giant’s net profit was ₹3,885 crore.
During the April-September quarter of this fiscal year, the company’s average tariff was ₹4.67 per unit, compared to ₹4.61 per unit in the previous year. NTPC’s gross electricity generation decreased to 88.46 billion units (BU) in the second quarter from 90.30 BU a year ago.
The coal output from NTPC’s captive mines increased to 9.03 million tonnes (MT) in the quarter from 5.59 MT in the same period last year. Production also rose during April-September of this fiscal year to 18.67 MT from 11.83 MT.
As of September 30, the NTPC Group’s installed power generation capacity was 76,443 MW, up from 73,824 MW in September 2023. The company’s installed capacity also increased on a standalone basis to 59,168 MW from 57,838 MW.
Shares of NTPC Ltd ended at ₹328.85, up by ₹1.40, or 0.43%, on the BSE.
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