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NTPC is India's largest energy conglomerate. It has a presence in the entire value chain of the power generation business. As of 31 December 2024, the Government of India holds 51.10% in NTPC.
The company’s consolidated net profit fell 1.8% to Rs 5,062.51 crore in Q3 FY25 as against Rs 5,155.28 crore posted in Q3 FY24. Revenue from operations grew 5.2% YoY to Rs 45,052.82 crore in the quarter ended 31 December 2024.
At 10:30 IST, the barometer index, the S&P BSE Sensex, slipped 161.86 points, or 0.22%, to 73,953.31. The Nifty 50 index lost 26 points, or 0.12%, to 22,434.30.
In the broader market, the S&P BSE Mid-Cap index fell 0.11%, and the S&P BSE Small-Cap index declined 1.19%.
The market breadth was weak. On the BSE, 1,052 shares rose and 2,460 shares fell. A total of 158 shares were unchanged.
Buzzing Index:
The Nifty IT index fell 1.44% to 37,101.70. The index surged 2.73% in three consecutive trading sessions.
Infosys (down 3.16%), Wipro (down 2.39%), L&T Technology Services (down 1.70%), Coforge (down 1.67%), Tech Mahindra (down 1.63%), Mphasis (down 1.44%), LTIMindtree (down 1.10%) and Tata Consultancy Services (down 0.27%) declined.
On the other hand, Persistent Systems (up 0.26%) and HCL Technologies (up 0.03%) edged higher.
Stocks in Spotlight:
NTPC shed 0.35%. The company announced that along with its subsidiary, NTPC Green Energy has signed multiple agreements worth Rs 96,000 crore with the Government of Chhattisgarh to develop nuclear, pumped hydro, and renewable energy projects in the state.
Syngene International shed 0.05%. The company has acquired its first biologics site in the USA – fitted with multiple monoclonal antibody (mAbs) manufacturing lines.
Ashoka Buildcon slipped 1.29%. The company announced that it has received letter of acceptance (LoA) worth Rs 311.92 crore from Maharashtra State Electricity Transmission Company (MSETCL) for the establishment of a substation in Nandgaon Peth, Amravati, Maharashtra.
NTPC along with its subsidiary NTPC Green Energy (NGEL) today signed multiple agreements worth Rs 96,000 crore with the Govt. of Chhattisgarh at Chhattisgarh Energy Investors Summit-2025 held at Raipur. The agreements include Nuclear, Pump Hydro and Renewable projects based on Solar/Wind/Hybrid sources in the state.
- The first MOU was signed between NTPC & Govt. of Chhattisgarh for setting up of 4200 MW Nuclear Capacity in Chhattisgarh at an estimated investment of Rs. 80,000 crore. „«
- The second MoU was signed between Chhattisgarh State Power Generation Company (CSPGCL) & NTPC, pertaining to an intent to invest approx Rs 5876 crore in setting up 1200 MW of Pumped Hydro Storage Project at Sikaser in Gariyaband district of the state. „«
- The third Joint Venture Agreement (JVA) was signed between NGEL and CSPGCL for setting up Renewable Energy projects up to 2 GW in the state, at an approx investment of Rs 10,000 crore which will help in meeting Renewable Generation Obligation (RGO) of CSPGCL as well as Renewable Purchase Obligation (RPO) of Chhattisgarh DISCOM.
The second MoU, between Chhattisgarh State Power Generation Company (CSPGCL) and NTPC, focuses on the development of a 1,200 MW Pumped Hydro Storage Project at Sikaser in the Gariyaband district of Chhattisgarh. The estimated investment for this project is approximately Rs 5,876 crore.
The third Joint Venture Agreement (JVA) was signed between NTPC Green Energy (NGEL) and CSPGCL to develop renewable energy projects with a combined capacity of up to 2 GW. This initiative, with an estimated investment of Rs 10,000 crore, is designed to fulfill CSPGCL’s Renewable Generation Obligation (RGO) and assist Chhattisgarh DISCOMs in meeting their Renewable Purchase Obligation (RPO).
NTPC Green Energy (NGEL), promoted by ‘Maharatna’ central public sector enterprise NTPC, is the largest renewable energy (excluding hydro) public sector enterprise in terms of operating capacity.
Shares of NTPC rose 0.64% to Rs 331.25, while those of NTPC Green Energy rose 1.20% to Rs 96.12 on the BSE.