NTPC

Strong execution, capacity expansion, and nuclear ambitions fuel long-term optimism

reaffirmed its commitment to adding 11.8 GW by FY26, including 4.5 GW of conventional and 11.2 GW of renewable energy. For FY26 alone, the company plans to commission 9,844 MW—219 MW on a standalone basis and 7,825 MW via joint ventures and subsidiaries. FY27 target stands at 9,600 MW, while FY28 will see 10,564 MW added, including 2,120 MW thermal, 444 MW hydro, and 8,000 MW renewable. 🔹 Execution Visibility & Project Pipeline - Management highlighted clear visibility on commercial operation dates for upcoming projects, indicating strong execution momentum over the next three years. 🔹 Nuclear Energy Foray - NTPC is preparing to enter the nuclear energy space through its subsidiary, NTPC Parmanu Urja Nigam Ltd. - The company is exploring partnerships with global nuclear players, pending government approvals. - The Mahe Bhanswara project’s foundation stone marks the formal beginning of NTPC’s nuclear journey. 🔹 Financial Performance - Standalone net profit for Q2 FY26 stood at ₹4,653 crore, marginally up from ₹4,648 crore YoY. - Revenue for the quarter was ₹39,166 crore, reflecting a 2.9% increase from the previous year. 🔹 Management Commentary & Outlook - The company remains optimistic about the power sector and broader economic environment in H2 FY26. - Record capacity additions and healthy financials underscore NTPC’s strategic execution and sector leadership.