During Monday’s trading session, the shares of a leading player in India’s power sector moved up by nearly 3.2 percent to Rs. 336.85 on BSE, after commissioning a further 25 MW of Gujarat Solar PV Project.
With a market cap of Rs. 3.25 lakh crores, the shares of NTPC Limited closed in the green at Rs. 336.05, up by around 3 percent, as compared to its previous closing price of Rs. 326.4.
What’s the news
NTPC Limited, in its latest regulatory filings with the stock exchanges, announced that the second phase of the 200 MW Gujarat Solar PV Project in Sadla, Gujarat, has achieved commercial operation status as of 17th January 2025.
This phase, with a capacity of 25 MW, is part of the project developed by NTPC Renewable Energy Limited (NTPC REL), a step-down subsidiary of NTPC Limited, through its subsidiary NTPC Green Energy Limited.
The first phase, with a capacity of 37.5 MW, was declared operational on 21st December 2024. With this, the total installed and commercial capacity of the NTPC Group has now reached 76,733.18 MW.
Previous News
On 10th January 2025, NTPC Limited announced updates on its renewable energy projects.
The second phase of the Bhainsara Solar PV Project in Jaisalmer, Rajasthan, with a capacity of 60 MW out of a total of 320 MW, was declared operational on January 7, 2025, based on a certificate issued by the Solar Energy Corporation of India (SECI) on January 9, 2025.
The first phase of this project, with a capacity of 160 MW, had already achieved commercial operation on August 28, 2024.
Similarly, the second phase of the Shajapur Solar Project (Unit-II) in Madhya Pradesh, with a capacity of 50 MW out of a total of 220 MW, was declared operational on January 10, 2025.
The first phase of this project, also with a capacity of 50 MW, had previously been declared operational on September 30, 2024.
Both projects are part of NTPC Renewable Energy Limited (NTPC REL), a step-down subsidiary of NTPC Limited, managed through its subsidiary NTPC Green Energy Limited.
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Financials
NTPC reported a marginal decline in revenue from operations, experiencing a year-on-year decrease of nearly 0.63 percent, falling from Rs. 44,983 crores in Q2 FY24 to Rs. 44,696 crores in Q2 FY25.
In contrast, the company’s net profit increased from Rs. 4,726 crores to Rs. 5,380 crores over the same period, representing a growth of around 13.8 percent YoY.
Stock Performance
The stock has delivered positive returns of nearly 11 percent of returns in one year, while around 10 percent of negative returns in the last six months. Meanwhile, the shares of NTPC have gained by around 1 percent in the last one month.
About the Company
NTPC Limited is primarily involved in the business of generation and sale of bulk power to State Power Utilities. Other business of the Company includes providing consultancy, project management & supervision, energy trading, oil & gas exploration and coal mining.
Written by Shivani Singh
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