NTPC Annual Analysts & Investors Meet Transcript

NTPC Limited released the transcript of its 21st Annual Analysts & Institutional Investors Meet held on 18 August 2025; the notice is dated 25 August 2025 and the transcript is posted on NTPC’s investor updates page.

• Main announcement & near-term commitments:

  • Group capex commitment: NTPC announced a cumulative group capex target of INR 7 lakh crore by FY32 and a revised business-plan capacity target (earlier 130 GW) to 149 GW by FY32. Key published operational figures include 83 GW installed capacity, 31 GW under construction, and Q1 addition of 2,716 MW (3,050 MW added to date). The company reported FY25 standalone profit of INR 19,649 crore and Q1 FY26 PAT of INR 4,775 crore; interim dividend INR 5 was paid and the Board recommended a final dividend INR 3.35 (total INR 8.35). The RBI has allowed ECB up to US$1 billion to finance capex. NTPC noted refinancing of INR 4,870 crore and restructuring of INR 23,294 crore of loans.

• Program details, timelines and project specifics:

  • Renewables & storage: target to expand renewables from 8 GW to 60 GW by 2032; around 31 GW under construction, with multi-year PPA/land/connectivity progress (detailed % figures provided for near-term tranches). NTPC plans 3–5 GW PSP commissioning by FY32, and a total PSP pipeline of 21,370 MW (11,000 MW under NTPC; 10,370 MW via THDC/NEEPCO); Tehri PSP recently added 500 MW with another 500 MW due this fiscal. Work on BESS pilots (including Barauni) and a 160 MWh CO2 battery at Kudgi (target commissioning by July next year) were described.
  • Nuclear & hydrogen: NTPC’s ASHVINI JV with NPCIL will deploy four 700 MW reactors at Mahi Banswara; NTPC targets 30 GW nuclear by 2047 (company also formed NPUNL). The Pudimadaka hydrogen hub is planned as a coastal export-oriented facility with an estimated total investment of ~INR 85,000 crore. Other concrete items: Sampoor (Sri Lanka) groundbreaking recently completed; captive mining target of ~50 million ton (FY25 production ~46 million ton) and goal to source ~25% of coal requirement from captive mines by FY30.

Note: transcript is edited for readability and linked at the provided URL; timeline items and monetary figures are taken verbatim from the meeting presentation and CEO/CMD remarks.