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NTPC Ltd is India's largest power utility company with an installed capacity of 72,254 MW including joint ventures. It is primarily engaged in the generation and sale of bulk power to state utilities. The company operates 92 power stations across India through its own facilities and joint ventures. NTPC's core business is thermal power generation, but it has diversified into hydro, nuclear, and renewable energy sources as well as coal mining and oil exploration. The company aims to reach 130 GW capacity by 2032. NTPC has several subsidiaries involved in various aspects of the power sector. The Government of India holds a majority stake in the company. NTPC has been expanding its renewable energy portfolio and has commissioned several solar and wind power projects in recent years. It is also exploring new technologies like floating solar plants and waste-to-energy facilities.
In the news

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NTPC shares gain 2.14% to ₹349.15 on strong Q1 FY27 results

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NTPC approves ₹20,457 cr investment for Lara Stage-III project
Company insights, generated from the most recent coverage.
Potential OFS overhang may cause short-term price pressure (5-8% decline), but long-term benefits include improved liquidity and institutional interest.
While NTPC saw a 5.46% reduction in average coal costs in Q2 FY25, 'hand-to-mouth' operations limit the ability to fully capitalize on these savings due to reduced operational flexibility.
NTPC's Plant Availability Factor (PAF) remains robust at 91.93% (Q4 FY26), indicating strong asset health even with 'hand-to-mouth' coal operations.
The Quarter story
The two most recent quarterly results, compared side-by-side.
NTPC moves construction projects to operational status, though quarterly profits remain unstable.
Under construction capacity falls from 30,853 MW in Q1 FY26 to 35.70 MW in Q1 FY27, signaling projects moving to operational status.
Profit for the period drops from ₹23,953 Cr in Q1 FY26 to ₹5,343 Cr in Q1 FY27, reflecting unstable quarterly earnings.