The NTPC share price will be the focus of tomorrow’s trading session, as the group plans to invest Rs. 96,000 crore in Chhattisgarh. The share price of NTPC Ltd closed at 329 in today’s trading session, down 0.05%.
The state-owned power generation and distribution giant “Maharatna” NTPC informed exchanges that, In a major boost to sustainable energy solutions while strengthening Govt of India’s efforts towards energy transition and Net Zero goals, NTPC Limited along with its subsidiary NTPC Green Energy Ltd (NGEL) today signed multiple agreements worth Rs 96,000 crore with the Govt. of Chhattisgarh at Chhattisgarh Energy Investors Summit-2025 held at Raipur.
The company said that the above agreements include Nuclear, Pump Hydro, and Renewable projects based on Solar/Wind/Hybrid sources in the state.
Details of the agreement
- The first MOU was signed between NTPC Ltd. and the Government of Chhattisgarh for setting up a 4200 MW Nuclear Capacity in Chhattisgarh, which is estimated to require an investment of Rs. 80,000 Crores.
- The second MoU was signed between Chhattisgarh State Power Generation Company Limited (CSPGCL) & NTPC, about an intent to invest approximately Rs 5876 crores in setting up 1200 MW of Pumped Hydro Storage Project at Sikaser in Gariyaband district of the state.
- The third Joint Venture Agreement (JVA) was signed between NGEL and CSPGCL for setting up Renewable Energy projects up to 2 GW in the state, at an approx investment of Rs 10,000 Crore which will help in meeting Renewable Generation Obligation (RGO) of CSPGCL as well as Renewable Purchase Obligation (RPO) of Chhattisgarh DISCOM.
The agreements were signed in the presence of the Hon’ble Chief Minister of Chhattisgarh, Shri Vishnu
Deo Sai; Chief Secretary Shri Amitabh Jain; Principal Secretary to Chief Minister and Energy Shri
Subodh Kumar Singh; MD CSPGCL Shri Sanjiv Kumar Katiyar & other state officials.
Team NTPC was represented by RED WR- II & Ash NI Shri Pradipta Kumar Mishra; ED (Nuclear) Shri
Prasenjit Pal, GM Hydro Shri J C Kakoti, and AGM (NGEL) Shri Bimal Gopalachari.
NTPC Q3 FY2025 performance
NTPC Ltd posted a good set of numbers in Q3
- Standalone total income: ₹42,303 crore (up 5% YoY from ₹40,288 crore).
- Profit after tax (PAT) for Q3 FY25: ₹4,711 crore (up 3% YoY from ₹4,572 crore).
- Nine-month total income: ₹1,28,601 crore (up 6% YoY from ₹1,21,486 crore).
- Nine-month PAT: ₹13,871 crore (up 11% YoY from ₹12,523 crore).
- In terms of capacity addition, NTPC Ltd added 640 MW commercial renewable energy (RE) capacity in 9M FY25. The total commercial capacity as of 31 December 2024 stands at 59,168 MW (standalone) and 76,598 MW (group wise).
The company is experiencing strong Capex. At the group level, Capex for 9M FY25 was₹31,133 crore (up from ₹21,642 crore YoY). While the Standalone Capex was at ₹16,305 crore (up from ₹11,963 crore YoY).
NTPC share price performance
NTPC’s share price has increased by 5% in one month but has fallen more than 17% in the last six months. The stock has fallen as the overall weakness in the market in the previous few months, but analysts/ experts are bullish on the stock. In the last year, 7 experts have covered the stock, and all have a ‘BUY’ call on the stock and they give a consensus price target of 439, approximately 33% upside from here.
Technically, the stock is seeing good buying interest recently, and it has outperformed the benchmark index Nifty 50. The immediate resistance will be in the 370-375 zone for the stock, which is also the 200 DMA. Above that zone, the stock will gain strength. Not a piece of trading advice: Please contact a registered investment advisor before any buy sell decision.
