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Informist, Saturday, May. 23, 2026

By Sunil Raghu and Afra Abubacker

AHMEDABAD/NEW DELHI – NTPC Ltd. said coal position at its power plants across the country is comfortable and enough for 18 days. The company management Saturday reiterated to analysts in a call after the March quarter and 2025-26 (Apr-Mar) earnings that the ongoing war in West Asia is not having any direct impact on power generation or operations. They maintained that they were confident of meeting the electricity needs of the country.

"...with nearly 80% of our coal requirement being met through captive mines, fuel security for our stations is more assured than ever before. Our limited dependence on gas-based generation also insulates our gas plants from pressure from volatility in the global gas market," the company official told analysts. He was talking in context of rising demand for electricity in the country, which saw a record peak demand of over 271 gigawatts on May 21.

The electricity major, which at a group level has crossed power generation capacity of 90 gigawatt, proposes to spend nearly INR 6.32 trillion by 2032, including INR 3 trillion on renewables. Of this, it proposes to spend INR 358 billion on capacity addition of green power through its subsidiary NTPC Green Energy Ltd. NTPC holds an 89% stake in NTPC Green and the rest is held by the public. NPTC Green has a target to add 8 GW of new renewable power generation capacity for FY27 and FY28 each.

In FY26, NTPC group added 4,738 megawatts of renewable capacity. Of this, NTPC Green added 4,225 megawatts, compared with 2,977 megawatts added in FY25. At the group level, NTPC has spent INR 490.68 billion in capex during FY26, up from INR 446.36 billion in FY25. The NTPC group currently has over 34 gigawatts of capacity under construction, comprising 16.5 gigawatts of coal-based capacity, about 2.6 gigawatts of hydro capacity, and 15 gigawatts of renewable energy.

For FY27, NTPC is planning around 9,557 megawatts of capacity addition, including 1,017 megawatts of thermal power, 250 megawatts of hydropower, and 8,237 megawatts of renewable power capacity. For FY28, the total planned capacity addition is 10,039 megawatts, including 8,135 megawatts of green power.

Talking about nuclear power, the company official said that in the long term, NTPC sees nuclear power as an "important pillar for growth". In the short term, they expect the first unit in Mahi Banswara nuclear power plant to achieve synchronisation by November 2032. Other than this project, NTPC management is exploring 30 locations across India for project expansions.
 
NTPC reported its earnings on Saturday, when the markets were closed. NTPC's net profit for the March quarter rose nearly 6% on year to INR 87.47 billion on revenue of INR 431.11 billion from core operations. NTPC Green posted a consolidated net profit of INR 1.97 billion on consolidated revenue of INR 9.13 billion in the March quarter. Friday, shares of NTPC Ltd. closed flat at INR 388.65 on the National Stock Exchange and those of NTPC Green ended nearly 1% lower at INR 104.39.  End

Edited by Akul Nishant Akhoury

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