NTPC Group is actively pursuing further capacity expansion through the approval of new thermal projects and an increased focus on renewable energy sources
As part of their comprehensive capacity expansion plan, the NTPC Group has approved investments for 8 GW of thermal capacity during the current fiscal year, totaling an estimated cost of Rs 1 lakh crore. Sanjay Bharadwaj, the Chief Financial Officer of NTPC Limited, announced that with this approval, the total thermal capacity under construction has now reached 17.56 GW. He made these statements during an earnings call following NTPC Ltd’s Q3 earnings announcement, revealing that the total capacity under construction for the NTPC Group has surpassed 30 GW.
Furthermore, Bharadwaj mentioned that NTPC is actively considering awarding an additional 7.2 GW of thermal capacity by the end of FY26-27 on a standalone basis. Currently, the hydro and renewable energy (RE) capacity under construction stands at 2.2 GW and 10.3 GW, respectively.
During the first nine months of FY25, NTPC Group added 640 MW of commercial capacity to its portfolio, including commercial RE capacity. As of December 31, 2024, the commercial capacity of NTPC stands at 59,168 MW on a standalone basis and 76,598 MW for the group. In the current quarter, the group added 135 MW of RE capacity.
The management also announced that 660 MW of coal capacity from its subsidiary, THDC India Limited, will become operational from January 26. NTPC is also focusing on enhancing its fuel security measures, aiming to increase the NTPC Group’s coal production from 14 Mt in FY25 to an estimated 67 Mt by FY29.
In addition to these efforts, NTPC is advancing in nuclear energy to support clean energy transitions. Bharadwaj emphasized that NTPC is positioned to make significant contributions to the energy transition through clean base load generation technologies such as nuclear power. Notably, NTPC has established Anushakti Vidyut Nigam Limited, a joint venture company between NTPC and the Nuclear Power Corporation of India Limited has been established to commission pressurized heavy water reactor nuclear projects.
“We have recently signed a supplementary joint venture agreement with NPCIL for the transfer of the 2,800 MW Mahi Banswara Rajasthan Atomic Power Plant project from NPCIL to Anushakti,” noted the spokesperson.
Furthermore, NTPC Paramanu Urja Nigam Limited has been established as a wholly owned subsidiary of NTPC Limited to focus on the nuclear energy business. Site studies are planned at multiple locations, with permission already granted for four locations in MP, Bharadwaj stated.
In their commitment to expansion, the power corporation emphasized their dedication to various environmental initiatives, such as increasing generation and reducing GHG intensity.
The company is also making progress on Flue Gas Desulfurization (FGD) systems. Over the next three years, FGD systems will be commissioned for the entire operational capacity, resulting in a significant reduction in SOx emissions. Currently, 16.48 GW has been commissioned, with work on FGD packages for a cumulative capacity of 52 GW in progress, according to Bharadwaj.
The group reported a healthy growth in generation, with Group generating 327 billion units in the first nine months of FY25, a 4% increase from the same period in FY24. NTPC’s standalone generation also grew by 4% to 278 billion units in the corresponding previous period, Bharadwaj highlighted.
During the first nine months of FY25, NTPC Green Energy added 550 MW of commercial RE capacity to its portfolio, Bharadwaj added.
As of December 31, 2024, company regulated equity stood at Rs. 1,05,854 crores, a 5% increase from the previous fiscal year. It reported a net profit of Rs. 4,711.4 crores, a 3.1% increase compared to the same period last year.
The company experienced a 4.8 percent increase in revenue, reaching Rs. 41,352.3 crores compared to Rs. 39,455 crores year-over-year. EBITDA also saw significant growth, rising by 20.3 percent to Rs. 1,960.6 crores from Rs. 9,941 crores year-over-year. This improvement led to an increase in the EBITDA margin to 28.9 percent from 25.2 percent year-over-year. Furthermore, the company announced an interim dividend of Rs. 25 per share.
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