Latest news with #NGEL
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Business Standard
27-05-2025
- Business
- Business Standard
Slow capacity addition likely to weigh on NTPC's growth prospects
Consolidated revenue for FY25 came in at Rs 1,88,100 crore (up 5 per cent Y-o-Y) while net profit stood at Rs 23,950 crore (up 12 per cent) Devangshu Datta Mumbai Listen to This Article Power company NTPC reported growth in the fourth quarter of the 2024-25 (Q4FY25), but slow capacity addition is worrying analysts. Standalone revenue was Rs 43,900 crore, up 3.2 per cent year-on-year (Y-o-Y). It made an operating profit of Rs 11,260 crore, down 1 per cent due to a 27 per cent increase in other expenses. Standalone adjusted net profit was below estimates at Rs 5,000 crore. In FY25, NTPC Green Energy (NGEL) commissioned 1.9 gigawatt (including 50 per cent share in the Ayana acquisition of 2.1 Gw), much below its guidance of 3 Gw. The state-owned company's power generation grew
The Hindu
24-05-2025
- Business
- The Hindu
NTPC Q4 profit rises 22% to ₹7,897 crore
State-owned power giant NTPC on Saturday (May 24, 2025) reported a nearly 22% rise in consolidated net profit to ₹7,897.14 crore in the March quarter of FY25, aided by higher revenue from its generation business. The power major had reported a net profit of ₹6,490.05 crore in the January-March period of 2023-24, the company said in an exchange filing. NTPC's total income increased to ₹51,085.05 crore in the latest March quarter from ₹48,816.55 crore in Q4 FY24. The company earned a revenue of ₹49,352.99 crore alone from the generation business, up from ₹47,088.70 crore revenue garnered from the segment in fourth quarter of FY24. For the entire FY25, the company's net profit rose to ₹23,953.15 crore against ₹21,332.45 crore in FY24. The total income also climbed to ₹1,90,862.45 crore from ₹1,81,165.86 crore in FY24. In FY25, the profit from subsidiaries increased to ₹4,139 crore, higher from ₹3,897 crore in FY24. While the share of profit from joint ventures also rose to ₹2,214 crore in the fiscal ended March 2025 from ₹1,636 crore in the April-March 2023-24. The company's board of directors has recommended a final dividend of 33.50% (₹3.35 per share) for 2024-25, subject to approval of shareholders in the ensuing annual general meeting. The final dividend is in addition to the first interim dividend at the rate of ₹2.50 per share and the second interim dividend at ₹2.50 per share of face value of ₹10 each for FY25 paid in November and February, respectively. In a snap shot, NTPC said its capacity increased by 3,972 MW to 79,930 MW in FY25 from 75,958 MW as of March 2024. While standalone capacity increased by 335 MW to 59,413 MW as of March 2025, from 59,078 MW in FY24. The gross power generation was at 372.825 billion units (BUs) during the year, up 3.07$ as against 361.703 BUs in FY24. The average tariff for the year was ₹4.70/kwh (kilowatt hour) in FY25. Total coal supply to power plants from captive mines was at 253.26 MMT in FY25 as against 231.64 MMT in FY24. About capacity, the company said around 80 GW is under operation and another 34 GW is under Construction. There is 7 GW of green energy under operation through subsidiary NTPC Green Energy Ltd (NGEL), 18 GW contracted & awarded and 9 GW under pipeline, the company said. NTPC further said it has set an ambitious goal to develop 30 GW of nuclear power in alignment with India's net-zero carbon emission commitment by 2070 and the national target of 100 GW nuclear capacity by 2047. "Our approach is two-pronged: in FY 2024-25, the government of India approved ASHVINI to build, own, and operate nuclear power plants. We are in the process of executing Mahi Banswara Rajasthan Atomic Power Project, comprising four 700 MW reactors." Second, the company has incorporated NTPC Parmanu Urja Nigam Limited in January 2025 as a wholly-owned subsidiary to explore advanced nuclear technologies, including Pressurised Water Reactors, Small Modular Reactors and Fast Breeder Reactors. Around 28 potential sites have been identified across states like U.P., M.P., Chhattisgarh, Gujarat, and others, with memorandum of understandings already signed with the Madhya Pradesh and Chhattisgarh governments, the company said. On pumped storage projects, the company said it is strategically positioned with an impressive 21,240 MW pumped storage portfolio - 10,200 MW under NTPC and 11,040 MW through THDC and NEEPCO. "We will see our first 1,000 MW commissioned through Tehri PSP shortly. We have completed Preliminary Feasibility Reports for 18 projects and Detailed Project Reports for 4 projects are in an advanced stage," NTPC said. PSP assets offer over 40 years of operational life and attractive regulated returns. As critical infrastructure for India's renewable transition, they add long-term stability to our energy portfolio, ensuring sustainable growth while advancing energy security and climate goals. NTPC, under the Ministry of Power, is India's largest power generation company.
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Business Standard
22-05-2025
- Business
- Business Standard
NTPC Green Energy wins 80MW battery storage project in Kerala auction
NTPC Green Energy Ltd (NGEL) emerged as the winning bidder in the e-reverse auction conducted by NHPC on May 21, 2025, a regulatory filing said Press Trust of India New Delhi State-owned NTPC Green Energy on Thursday said it has bagged a battery energy storage project in Kerala in an auction conducted by NHPC. The 80MW/320MWh battery energy storage project will provide power back-up or supply of 80MW for four hours. NTPC Green Energy Ltd (NGEL) emerged as the winning bidder in the e-reverse auction conducted by NHPC on May 21, 2025, a regulatory filing said. The auction was part of NHPC's tender for the selection of Battery Energy Storage System (BESS) developers for setting up of 125MW / 500MWh ISTS-connected standalone BESS in Kerala. NGEL has secured two key projects under the initiative. Letter of award from NHPC is awaited, it stated.
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Business Standard
22-05-2025
- Business
- Business Standard
NTPC Green Energy wins major battery energy storage project in Kerala
NTPC Green Energy Limited (NGEL) on Thursday said it has won a major battery energy storage project in Kerala, following a successful bid in an e-reverse auction held by NHPC Limited on Wednesday, May 21. NGEL secured a total battery storage capacity of 80MW/320MWh through a competitive bidding process. The auction was part of NHPC's tender "Selection of Battery Energy Storage System (BESS) Developers for setting up of 125MW / 500MWh InSTS-connected standalone BESS in the state of Kerala under Tariff-Based Competitive Bidding (TBCB) with Viability Gap Funding (VGF) support". Under this initiative, NGEL has been selected for two key battery storage projects: * 40MW/160MWh at Pothencode substation at a tariff of Rs 4,57,000/MW/month NTPC Green Energy Q4 results On Wednesday, NTPC Green Energy posted its Q4 results after market hours. In the quarter under review, the company's net profit stood at ₹233.22 crore, up 188 per cent as compared to ₹80.95 crore a year ago. Its revenue for the quarter stood at ₹622.27 crore as against ₹508.14 crore a year ago, up 22 per cent. The company's expenses stood at ₹444.63 crore as against ₹425.84 crore in the same period a year ago. During FY25, the company completed its initial public offering (IPO) comprising a fresh issuance of 92,63,29,669 equity shares with a face value of ₹10 each. These shares were offered at an issue price of ₹108 per share, which included 87,20,910 equity shares issued to eligible employees at a discounted rate of ₹103 per share. The company was listed on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) on November 27, 2024, raising ₹10,000 crore through its initial public offering (IPO).
Business Standard
22-05-2025
- Business
- Business Standard
NTPC Green Energy successfully bids for NHPC's BESS project
NTPC Green Energy (NGEL) has successfully emerged as the winning bidder in the e-reverse auction conducted by NHPC on May 21, 2025. NGEL secured a cumulative capacity of 80MW/320MWh under the competitive bidding process. The auction was part of NHPC's tender for the "Selection of Battery Energy Storage System (BESS) Developers for setting up of 125MW / 500MWh InSTS-connected standalone BESS in the state of Kerala under Tariff-Based Competitive Bidding (TBCB) with Viability Gap Funding (VGF) support." NGEL has been secured two key projects under the initiative: 40MW/160MWh at Pothencode Substation at a tariff of Rs 4,57,000/MW/month Letter of award from NHPC is awaited.
