NTPC share price down as company announces ₹96,000 crore clean energy investment in Chhattisgarh

The stock is down 0.12% to ₹329 apiece on the National Stock Exchange (NSE) at 9:26 am.

At Chhattisgarh Energy Investors Summit-2025 in Raipur, the first memorandum of understanding (MoU) was signed with the state government to set up a 4,200 megawatt nuclear capacity in Chhattisgarh at an investment of around ₹80,000 crore, the company said in an exchange filing.

The second MoU was inked between NTPC and Chhattisgarh State Power Generation Company Ltd (CSPGCL), related to an investment of ₹5,876 crore to establish 1,200 MW of pumped hydro storage project at Sikaser.

A joint venture agreement was also signed with CSPGCL to set up renewable energy projects up to 2 gigawatt in the state with an approx investment of ₹10,000 crore.

Last month, NTPC signed multiple MoUs with the Madhya Pradesh government to invest over ₹2 lakh crore in the state. "It includes renewable projects based on solar, wind, pump hydro and other carbon neutral energy sources in the state of Madhya Pradesh," according to a regulatory filing.

The NTPC, under the Ministry of Power, is the largest integrated power utility in India, contributing one-fourth of the country’s power needs and has an installed capacity of over 77 GW. An additional capacity of 29.5 GW is under construction, which includes 9.6 GW of renewable energy capacity. The state-run firm has set a target of 60 GW of renewable energy capacity by 2032.

In the third quarter of the financial year 2024-25, the Maharatna company posted a post-tax profit of ₹4,711.4 crore, up 3.1% from ₹4,571.9 crore in the December quarter of FY24.

Revenue from operations grew 4.8% to ₹41,352.3 crore in the latest October-December quarter as against ₹39,455 crore in the year-ago quarter.