NTPC hits 52-week high as PM Modi inaugurates projects

Shares of NTPC Ltd jumped 4% to hit a 52-week high on Monday as Prime Minister Narendra Modi inaugurated several projects of the state-run power producer.

The NTPC stock opened at ₹348 against its previous closing price of ₹341.75 on the National Stock Exchange (NSE). Shares of the public sector undertaking hit a 52-week high of ₹358 in intraday trade on the NSE. The PSU's market cap stood at ₹3.45 lakh crore.

PM Modi dedicated to the nation and laid the foundation for a series of NTPC projects today. PM laid the foundation of two 800-megawatt Singrauli Super Thermal Power Project, Stage-III which is being developed in Sonebhadra, Uttar Pradesh with a total investment of ₹17,000 crore.

The prime minister launched Unit 2 (800 megawatt) of NTPC's Telangana Super Thermal Power Project (Stage-I), located in the Peddapalli district of Telangana. With an investment of ₹8,007 crore, this project utilises Ultra-Supercritical Technology, ensuring optimal power generation efficiency while significantly reducing carbon dioxide emissions. The project will supply 85% power to Telangana and will have the highest power generation efficiency among all power stations of NTPC in India, at approximately 42%. Besides enhancing the electricity supply in Telangana, the commissioning of this project will also contribute to the goal of 24x7 availability of affordable, high-quality power nationwide.

The Prime Minister will inaugurate Unit-2 (660 MW) of North Karanpura Super Thermal Power Project (3x660 MW), situated in Jharkhand. With an investment of ₹4,609 crore, the project proudly stands as India's first Supercritical Thermal Power Project equipped with Air Cooled Condenser technology, which results in one-third of the water footprint as that of a conventional Water Cooled Condenser (WCC). NTPC started commercial operation of Unit-1 of the North Karanpura Super Thermal Power Project on March 1, 2023.

The PM will inaugurate the Fly Ash Based Light Weight Aggregate Plant established at Sipat Super Thermal Power Station in Bilaspur, Chhattisgarh with an investment of ₹51 crore.

The Prime Minister laid the foundation stone of Flue Gas CO2 to 4G Ethanol Plant located at Lara Super Thermal Power Station in Chhattisgarh. With an investment of ₹294 crore, this innovative plant will draw carbon dioxide from waste flue gas to synthesize 4G-Ethanol, reducing greenhouse gas emissions and advancing towards Sustainable Aviation Fuel.

The Prime Minister laid the foundation stone of the Sea Water to Green Hydrogen Plant situated at NTPC Simhadri, Visakhapatnam. With an investment of ₹30 crores, the project aims to produce Green Hydrogen from sea water, thereby saving energy in the process.

“All these projects of NTPC will not only harness India's power infrastructure but will also contribute significantly to job creation, community development, and environmental conservation,” says the ministry of power.