NTPC

Corporate and Management News

CMD's Reappointment: NTPC's shareholders have approved a one-year extension for Chairman and Managing Director (CMD) Gurdeep Singh. This decision follows the government's approval of his re-employment on a contract basis, which will see him continue to lead the company until July 31, 2026. This move comes after the Public Enterprise Selection Board (PESB) did not find a suitable candidate from the dozen interviewed for the top post. Internal Restructuring: The NTPC board has approved a plan to transfer its coal mining business to its wholly-owned subsidiary, NTPC Mining Limited (NML). This transfer, valued at approximately ₹10,503 crore as of March 31, 2025, will be executed through a slump sale arrangement. The coal mining business contributed about ₹7,735 crore in revenue in FY25, representing 4.05% of the company's consolidated revenue. Project and Operational Updates Renewable Energy Expansion: NTPC Green Energy Ltd (NGEL), the company's green energy arm, continues to expand its renewable portfolio. It has commissioned a 49 MW capacity at the Khavda Solar Energy Project in Bhuj, Gujarat, bringing the total commercial capacity of that project to 224.125 MW. NGEL has awarded a significant Operations and Maintenance (O&M) contract for 810 MWp of solar projects across three states (Madhya Pradesh, Rajasthan, and Andhra Pradesh) to VSL Renewable Services. A 25 MW solar capacity in Bhuj, Gujarat, has also been declared commercially operational, which is part of a larger 150 MW solar project under a joint venture. This addition brings the total installed capacity of the NGEL group to over 7,272 MW. NTPC is also making a strategic entry into the nuclear power sector with a planned 2,800 MW project.