Award 11.2 GW thermal capacity by FY25
NTPC plans to award 11.2 GW of new thermal capacity over the next 12 months, with 50% standalone and 50% via JVs.
NTPC / guidance tracker
Keep management guidance in view.
Ntpc · forward-looking guidance across the available source record.
Research layer active
Guidance tracker
What management said would happen.
expansion
Renewable capacity target of 15 GW by FY26
NTPC expects to commission 15 GW of renewable energy capacity by the end of FY26.
Long-term renewable target of 60 GW by FY32
NTPC aims to achieve 60 GW of renewable capacity by FY32.
Group CapEx target of INR 28,373 crore for FY24
NTPC group CapEx target for FY24 is INR 28,373 crore, with H1 achieving 47%.
RE capacity addition of 3 GW in FY25, 5 GW in FY26, 8 GW in FY27
NTPC Green Energy will add 3 GW renewable capacity in FY25, 5 GW in FY26, and 8 GW in FY27, targeting 60 GW by FY32.
Thermal capacity awards of 13.6 GW by FY27
8.8 GW already bid out (award by Dec 2024), balance 4.8 GW in next two months; total 13.6 GW thermal capacity to be awarded by FY27.
NGEL IPO expected in Q3 FY25
Draft red herring prospectus filed; IPO process on track for completion in Q3 FY25.
Coal production target of 67 MMT by FY29
NTPC group coal production to increase from 40 MMT in FY25 to about 67 MMT by FY29.
Capacity addition target of 9,844 MW for FY26
Management confirmed on track to add 9,844 MW in FY26, with 5,359 MW already added in 7 months.
Capex of INR 30,000 crore at NTPC Green in FY26
NTPC Green plans to spend INR 30,000 crore in FY26, with INR 6,607 crore incurred in H1.
Long-term capacity target of 244 GW by 2037
Revised target from 130 GW to 149 GW by 2029 and 244 GW by 2037, requiring INR 7 lakh crore capex by 2032.
Nuclear project Mahi Banswara to be commissioned by 2032-33
4x700 MW nuclear project with total capex of ~INR 50,000 crore; excavation contracts awarded, main packages expected this fiscal.
Award 5.6 GW thermal capacity in H1 FY25
Out of 16.8 GW planned, 5.6 GW will be tendered in Q1-Q2 FY25, including Singrauli, Sipat, and Darlipali.
Coal production target of 34 MMT for FY24
Management confirmed achieving 27 MMT in 9M FY24 and expects to meet the full-year target of 34 MMT.
Renewable capacity target of ~15 GW by FY26
Despite delays, management reiterated the target of 15 GW operational renewable capacity by FY26.
Under-recovery to reverse in Q4 FY24 to INR 400-450 crore
Full-year under-recovery expected at INR 400-450 crore, with reversal in Q4 as planned outages complete.
FY25 capacity addition target of 6,976 MW
Includes 2,780 MW thermal, 250 MW hydro, and 3,946 MW renewable across group.
NGEL capacity addition: 5 GW in FY26, 8 GW in FY27
Renewable capacity additions guided for NTPC Green Energy Ltd.
Under-recovery to reduce to INR 250-300 Cr by Q4 FY25
Fixed cost under-recovery expected to improve further in Q4 due to lower outages.
Thermal capacity awards of 7.2 GW by FY27
Includes 2.4 GW to be awarded in Q4 FY25 and 4.8 GW in FY26-27, all brownfield.
Renewable capacity addition target FY26: 5 GW
NGEL targets 5 GW renewable capacity addition in FY26, with 2.5 GW expected in the next two months.
Renewable capacity addition target FY27: 8 GW
NGEL targets 8 GW capacity addition in FY27, with work already commenced on various plants.
Thermal capacity addition: 6.5 GW over 3 years
NTPC plans to add 6.5 GW of thermal capacity over FY26-28, including 2,780 MW in FY26, 1,600 MW in FY27, and 2,120 MW in FY28.
Thermal awards target FY27: 4 GW
NTPC plans to award 4 GW of thermal projects in FY27, including Lara-II, Jhabua, BRBCL, and Bhilai.
Thermal capacity ordering plan: 15.2 GW over FY25-FY27
10.4 GW to be tendered in FY25, 3.2 GW in FY26, 1.6 GW in FY27. Includes Sipat, Darlipali, Meja, etc.
Renewable commissioning targets: 3 GW in FY25, 5 GW in FY26, 8 GW in FY27
Total 22.5 GW capacity addition planned over next three years including thermal, hydro, and renewable.
Coal mining target: 50 MMT annual production in three years
Captive coal production expected to reach 50 million tonnes per annum within three years.
NGEL IPO planned for October-November 2024
DRHP filing post-June 2024; NTPC to remain holding company post-IPO.
FY26 group capacity addition target of 11,806 MW
Includes 3,518 MW thermal, 1,000 MW hydro, and 7,226 MW renewable. Standalone adds 2,019 MW.
FY27 group capacity addition target of 9,904 MW
Comprises 1,460 MW thermal, 444 MW hydro, and 8,000 MW renewable.
Group CapEx of INR 55,920 crore in FY26
Rising to INR 97,363 crore in FY27 and INR 1,12,172 crore in FY28, totaling INR 2,65,455 crore over three years.
Captive coal production target of 45 MMT in FY26
Rising to 56 MMT and 60 MMT in subsequent years, with ~7% CAGR.