NTPC

: Strategic Expansion Update ⚡

Board of Directors has approved the formation of a 50:50 Joint Venture with EDF Power Solutions India for the development of Pumped Storage Plants (PSP) in India, strengthening its presence in energy storage and grid stability solutions. Additionally, the Board has approved the incorporation of a wholly owned subsidiary in Mauritius to develop power projects, including Floating Solar Photovoltaic (FSPV) projects, marking NTPC’s strategic overseas expansion in renewables. As India’s largest power utility, NTPC continues to diversify across coal, gas, solar PV, hydro, wind, and coal mining, while accelerating its transition towards clean and sustainable energy. View: Long-term positive, aligned with energy transition and storage-led growth. 📈⚡