Shares of NTPC, India’s largest power generation company, surged over 3.5% in today’s trading session, reaching a new all-time high of Rs 412.70. As of 10:20 am IST on July 30, the stock was trading at Rs 407.85, up Rs 13.95 or 3.54%. This upward momentum follows optimistic statements from the company’s management about its future plans.
NTPC’s management has outlined an ambitious roadmap for the coming years. The company plans a substantial capital expenditure of Rs 7 trillion for the period FY25-FY32. In terms of capacity addition, NTPC is targeting a 26 GW increase in thermal capacity and over 60 GW addition in renewable energy capacity.
For the near term, NTPC aims to commission 2-2.5 GW in thermal capacity and 1 GW in pumped hydro projects in FY25. Looking slightly further ahead, the company has set medium-term commissioning targets for FY25-27 of 7 GW in thermal capacity and 16 GW in renewable energy.
The company’s robust expansion plans, particularly in the renewable energy sector, appear to have resonated positively with investors and analysts alike. Leading brokerages have expressed confidence in NTPC’s prospects. Jefferies maintained a ‘Buy’ rating on NTPC, raising its target price to Rs 485, while CLSA reiterated an ‘Outperform’ rating with a target price of Rs 441.
As India’s power demand continues to grow, NTPC’s balanced approach to expansion across various energy sources positions it as a key player in the country’s evolving energy landscape.
