NTPC

“Yes, we can fairly expect that. Yes.”

“NTPC has awarded Lara Stage 3, (1,600 megawatts) and issued limited notice to proceed pending environmental clearance in Q2 FY27.”

“Yes, as you know that our capacity under construction is already 17.32 gigawatts and moving ahead we have plans for tendering out close to 4.8 gigawatts further. This will be largely from Q1 and Q2 of the next year.”

“So 2,400, that is half of that, would come from a standalone, and 2,400 will be through the JV subsidiary. So beyond this also, we are continuously exploring, working on 3 to 4 gigawatts on broad feasibility.”

“So both these things generally take around 12 months to 18 months to set up this particular thing. So you can expect some kind of progress in the next 17 months to 18 months.”

“A shade of capacities will be next year wherein the work is already going on around 1,350 megawatts. That capacity will come by the mid of FY27.”

“NVVN has also commissioned 250 megawatt /500 megawatt-hours BESS as part of BESS implementing agency notified by Ministry of Power.”

“With over 37 gigawatts of capacity under construction, including 17 gigawatts of coal-based capacity, about 3.6 gigawatts of hydro and around 16 gigawatts of renewables, our immediate focus is on timely project execution and maintaining maximum availability of power stations.”

“Lara Stage 3, 1,600 megawatts, which was awarded in Q2 of FY26-27, has now been shown as under construction project.”

“So, the capacity constructed would be close to 6.5 gigawatt, but 1.5 gigawatt may be found wanting for a transmission, which probably -- as we move ahead, we will be getting for that.”

“So by the end of 2032 some of the capacity would not have achieved COD. So you are presupposing that the entire 17 gigawatt under construction would have seen the operation, but some of that would extend beyond this.”

“Generation from NGEL group during H1 FY27 stood at 10.88 billion units as compared to 6.76 billion units in H1 FY26, registering a growth of 60%.”

“NVVN traded 31 billion units of power as compared to 24.8 BU in H1 FY26, registering a growth of 25%.”

“Coming to the NTPC Green Energy Limited highlights, consolidated revenue from operation increased by 58% to INR2,045 crores in H1 FY27, while Operating EBITDA grew by 60% to INR1,818 crores as compared to H1 FY26.”

“For the Q2 FY27, revenue from operations for NGEL Group has increased to INR938.16 crores from INR612.29 crores in Q2 FY26, showing an increase by 53.22%.”

“it is because of generation. It is because of generation which was possible, because of the increased demand.”

“October month's figure reflects further increased pace with a growth of 21% compared to the corresponding month of the last year.”

“The maximum demand met during the period was 271 gigawatts for peak demand and 253 gigawatts for non-peak demand.”

“growth of about 11% in power generation and about 15% in power demand during the first half of the current fiscal year.”

“Based on average monthly data for H1, peak demand grew by about 14.5% and non-peak demand by about 9.5%.”

“The major contributors for this demand are digital services, urban transport, industries, changing weather pattern and data centers.”

“We have also issued tenders to procure 13 MMT of coal for H2 FY27 from alternative sources including commercial mines, Orissa Power Generation Company, NLC and West Bengal.”

“We are also in the process of awarding 4 million metric tons of additional coal to be procured through domestic sources.”

“And the kind of revenue which we are getting through the T-GNA, squarely we are able to cover other operational expenses, O&M and interest. And only the depreciation, which is the book cost, doesn't get covered in this phenomenon.”

“That's right. It's about the efficiency. There are O&M gains, operational gains.”

“So, the disincentive, how we coin it, it is INR332 crores. This is half of what was there in the last year of INR625 crores.”

“NTPC has availed RBI concessional USD-INR swap facility for the drawn amount of USD450 million.”

“The weighted average interest rate on borrowings during H1 FY27 stood at 5.72% compared to 5.98% in FY26, reflecting the benefits of proactive refinancing and restructuring of company's loan portfolio.”

“And the LPS, late payment surcharge, has also dropped by 28%, which is reflective of a better collection efficiency”

“a loan agreement amounting to USD750 million was executed on 6th May, 2026 between NTPC and a consortium of SBI, HDFC, and Bank of Baroda, all from IFSC Gift City.”

“With commencement of land acquisition process at one of our projects, our nuclear program has picked up speed.”

“Recently, we have also issued expression of interest for offering 26% equity to commercial and industrial consumers under group captive route, which will create an additional pillar of sustained growth moving forward.”

“We have also decided to establish a 100-megawatt data center, at a couple of locations as part of our initial phase.”

“NTPC participated in Ministry of Coal incentive scheme for coal gasification projects and submitted a proposal for producing 5 lakh tonnes per annum synthetic natural gas at Talaipalli.”

“Our priorities are to progress the Mahi Banswara project and further identify suitable sites for future projects and build the technical and quality capabilities needed for nuclear projects development.”

“I am pleased to inform that NTPC Board has recommended first interim dividend for FY 26-27 at INR3 per share, in line with the company's commitment to delivering value to its shareholders.”

“No, it's a kind of a reversals of the excess depreciation till date of INR862 crores. That is the reason for this, because this pertains to Bongaigaon coal station. But it will have nil impact on profitability because it will figure in both the sides of income and expenditure.”

“However, due to transmission constraint, NGEL is facing curtailment of power from RE projects, which is a phenomenon faced by other RE projects in the country too.”

“Presently, we have 5.2 MMT of coal stock at our stations, sufficient for 7 days of coal requirement.”

“But around 180 gigawatts of evacuation capacity is under construction, largely in the Gujarat and the Rajasthan belt”

“So, more specific to NGEL, our transmission constraint or the connectivity issue which we are facing will all be surmounted by next year, mid-July.”

“wherever we are facing this problem, the PPA terms get extended because once we have this connectivity, the PPA term starts. So, to that extent, we don't see this as a complete revenue loss. It gets shifted.”

“Coal dispatch from group captive coal mines increased to 26.13 million metric tons in H1 FY27 as compared to 21.63 MMT last year, registering a growth of 21%.”

“NTPC group generation stood at 236 billion units in H1 FY27 compared with 214 billion in H1 FY26, registering growth of 10.4%.”

“NTPC coal stations achieved a PLF of 75.11% against rest of India's average of 68.35%.”

“NTPC's profit after tax for Q2 FY27 is INR5,320 crores as against INR4,653 crores in the corresponding quarter of previous year, registering a growth of 14%.”

“As regarding the standalone financials, revenue from operation for Q2 FY27 is INR45,752 crores, as against INR39,167 crores for Q2 FY26, registering a growth of 17%.”