Shares of India’s largest thermal power utility firm gained 4.7 percent to a 52-week high price of ₹ 357.90 per share on Monday after the company’s board approved an investment of ₹17,195 crores for the development of the Singrauli Super Thermal Power Project.
At 11:45 a.m., NTPC Ltd. shares were trading at ₹356.25 per share, up 4.21 percent from the previous close price on the National Stock Exchange. The stock belongs to the large-cap category, with a market capitalization of ₹3,46,026 crores.
The company’s Board of Directors approved the investment for the Singrauli Super Thermal Power Project, Stage-III (2×800 MW) at an appraised current estimated cost of ₹17,195.31 crore. The company reported this in its exchange filing.
Consequently, BHEL Ltd. witnessed a 12% increase in its shares, attributed to being the sole bidder for the construction of the Singrauli plant.
BHEL’s order book at the end of the first half of the financial year 2024 stood at ₹1.14 lakh crore, while order inflow till the first half was ₹33,000 crore.
Further, on March 4, Prime Minister Narendra Modi will lay the foundation for NTPC’s various projects worth ₹ 30,023 crore.
Encompassing Unit-2 (800 MW) of NTPC’s Telangana Super Thermal Power Project (Stage-I) situated in the Peddapalli district of Telangana, this initiative involves a capital infusion of ₹8,007 crore. Leveraging ultra-supercritical technology, the project aims to achieve maximum power generation efficiency while concurrently making substantial reductions in CO2 emissions.
Furthermore, NTPC’s year-on-year revenue declined by 4%, rising from ₹44,602 crore in Q3 FY23 to ₹42,820 crore in Q3 FY24. Concurrently, the net profit also experienced a 7.3% increase, ascending from ₹4,854 crore to ₹5,209 crore during this period.
NTPC shares have gained 51 percent in the last six months, and a multibagger return of 101 percent in a year.
NTPC is an energy company. It has a presence in the entire value chain of the power generation business. The company produces electricity and sells it to state power utilities on a wholesale basis.
NTPC generates electricity using coal, gas, liquid fuel, hydro, and other renewable sources. It also provides consultancy, e-mobility solutions, project management and supervision; holds interests in coal mining blocks; and carries out energy trading, oil, and gas exploration, training of power professionals, rural electrification, ash utilization, and coal mining. NTPC is headquartered in New Delhi, India.
NTPC’s plant load factor, or capacity utilization, of coal-based thermal power plants increased to 75.95% in the quarter, up from 68.85% a year ago. During the October-December quarter, domestic coal supply rose to 60.23 million metric tonnes (MMT), compared to 52.45 MMT in the same period last fiscal year.
The company’s average tariff stood at Rs 4.57 per unit for April-December in the current fiscal, showing a decrease from Rs 4.96 per unit a year ago. NTPC’s gross electricity generation saw a growth, reaching 89.467 billion units (BU) during the third quarter, up from 78.646 BU in the corresponding period last year.
Written by Omkar Chitnis
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