The shares of the integrated power company gained up to 2 percent after the company and the International Solar Alliance signed tripartite agreements with seven African nations for a solar energy project.
Price movement
With a market capitalization of Rs 3.40 lakh crore, the shares of NTPC Ltd were trading at Rs 349.10 per share, decreasing around 0.51 percent as compared to the previous closing price of Rs 352.95 apiece.
Matter explanation
The International Solar Alliance (ISA) and NTPC are set to sign tripartite agreements with seven African nations for major solar projects. Plans include a 30 MW floating solar plant in Mauritius, 800 MW in Guinea, 400 MW in Ethiopia, 100 MW each in Malawi and Zambia, and 50 MW each in Mali and Niger.
Moreover, NTPC, acting as a project management consultant, will conduct viability studies for solar projects across Mauritius, Ethiopia, Guinea, Malawi, Niger, Mali, and Zambia. Discussions with Ethiopia and Guinea are in advanced stages. NTPC may also tailor business models to expand solar adoption, particularly in Zambia, and is expected to design the bid process for selecting project developers.
Furthermore, according to the ISA, a significant portion of solar modules for African projects is sourced from India, supported by a strong presence of Indian power developers in renewable energy implementation. While India’s solar module exports are rising, China remains the dominant global supplier. To mitigate risks from supply chain uncertainties, the ISA is working to diversify sourcing strategies.
Financial Performance
The company reported a plummeted of 5.2 percent YoY in revenue from operations from Rs 42,820 crore in Q3FY24 to Rs 45,053 crore in Q3FY25. Their Net profits fell by 0.7 percent YoY from Rs 5,209 Crore to Rs 5,170 crore over the same period.
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Operational Highlights
In 9M FY25, NTPC added 640 MW of commercial RE capacity, with total commercial capacity reaching 59,168 MW (standalone) and 76,598 MW (group). Generation rose 4 percent YoY to 327 BU (group). Coal PLF stood at 76.20 percent, with Rihand and Singrauli ranked 7th and 8th nationally.
Capacity Expansion
NTPC has approved investment for 8 GW thermal capacity at an estimated Rs 1 lakh crore. Currently, 30 GW is under construction, including 17.56 GW thermal, 2.2 GW hydro, and 10.3 GW renewable energy. The company also plans to increase coal production capacity from 40 MMT in FY25 to 67 MMT by FY29.
Guidance on Future Capacity
The company projects renewable capacity additions of 3,088 MW in FY25, 5 GW in FY26, and 8 GW in FY27, reflecting strong growth plans. Additionally, it is focusing on brownfield projects to expand thermal capacity, ensuring a balanced approach to future energy development across both renewable and conventional sources.
Company Profile
NTPC Limited is an India-based power-generating company. The Company is primarily involved in the generation and sale of bulk power to State Power Utilities. Its segments include Generation and Others. Its generation segment is engaged in the generation and sale of bulk power to state power utilities.
Written by Abhishek Singh
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