NTPC Stock Rises 3% After Commissioning Gujarat Solar PV Project
Stock Price Increase
Shares of NTPC Limited, a major power sector company in India, increased by nearly 3.2% to ₹336.85 on the BSE during Monday’s trading session. This rise was triggered by the commissioning of an additional 25 MW of its Gujarat Solar PV Project. The stock closed at ₹336.05, up by approximately 3% from its previous close of ₹326.4, with a market cap of ₹3.25 lakh crores.
Gujarat Solar PV Project Update
NTPC Limited announced in its regulatory filings that the second phase of the 200 MW Gujarat Solar PV Project in Sadla, Gujarat, achieved commercial operation status on January 17, 2025. This phase has a capacity of 25 MW and is developed by NTPC Renewable Energy Limited (NTPC REL), a subsidiary of NTPC Limited, through its subsidiary NTPC Green Energy Limited. The first phase, with a capacity of 37.5 MW, was declared operational on December 21, 2024. The total installed and commercial capacity of the NTPC Group is now 76,733.18 MW.
Other Renewable Energy Projects
NTPC Limited also shared updates on other renewable energy projects on January 10, 2025. The second phase of the Bhainsara Solar PV Project in Jaisalmer, Rajasthan, with a capacity of 60 MW (out of a total of 320 MW), was declared operational on January 7, 2025. The first phase of this project, with a capacity of 160 MW, had already achieved commercial operation on August 28, 2024. Similarly, the second phase of the Shajapur Solar Project (Unit-II) in Madhya Pradesh, with a capacity of 50 MW (out of a total of 220 MW), became operational on January 10, 2025. The first phase of this project, also with a capacity of 50 MW, had previously been declared operational on September 30, 2024. Both projects are managed by NTPC Renewable Energy Limited (NTPC REL), through its subsidiary NTPC Green Energy Limited.
Financial Performance
NTPC reported a slight decrease in revenue from operations, falling by approximately 0.63% year-on-year, from ₹44,983 crores in Q2 FY24 to ₹44,696 crores in Q2 FY25. However, the company's net profit increased from ₹4,726 crores to ₹5,380 crores over the same period, a year-on-year growth of around 13.8%.
Stock Performance
The stock has delivered positive returns of nearly 11% in one year, while experiencing negative returns of around 10% in the last six months. In the last month, shares of NTPC have gained approximately 1%.
About NTPC Limited
NTPC Limited is primarily engaged in generating and selling bulk power to State Power Utilities. The company also offers consultancy, project management & supervision, energy trading, oil & gas exploration, and coal mining services.
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