NTPC Power Generation Grows 3.8% In Q3; Coal Production Up 23%

NTPC Ltd.'s third quarter power generation saw a growth of 3.82% compared to the corresponding period in the previous financial year. India's largest integrated power utility company generated 326 billion units of electricity in October-December period, according to business updates released on Wednesday.

Thermal power plants achieved cumulative plant load factor of 76.2% by the end of third quarter.

NTPC Group installed capacity stood at 76,598 megawatt by the end of calendar year 2024, with an addition of 2,724 MW during the year, the company said in a statement. 

In addition to the operational capacity of 76.6 gigawatts, an extra 29.5 gigawatts of capacity, including 9.6 gigawatts of renewable energy, is currently under construction. NTPC aims to achieve 60 GW of renewable energy capacity by 2032.

The government-owned power producer has also ventured into various new business areas including e-mobility, battery storage, pumped hydro storage, waste-to-energy, green hydrogen solutions etc. to wean away from reliance on thermal energy.

Subsidiary NTPC Mining Ltd.'s coal production soared 23% year-on-year in the third quarter to 30.88 million metric tonnes. Disptach rose 19% to 30.55 MMT of coal to NTPC's power stations.

Coal mining has consistently exceeded its production targets, NTPC said. The subsidiary has produced more than 134.87 MMT and has despatched more than 132.98 MMT of coal from its five operational captive coal mines in Jharkhand, Odisha and Chhattisgarh ensuring fuel security for thermal power stations.

Shares of NTPC closed flat at Rs 333.6 apiece, ahead of the release of business updates, compared to 0.47% advance in the benchmark BSE Sensex. The stock has delivered a return of 7.8% in 2024.