NTPC board approves strategic investments and project cost revisions

NTPC Limited announced a revised cost estimate for its North Karanpura Super Thermal Power Project (3x660 MW). The project's cost has been updated to INR 21,495.25 crore, a change from the initial investment approval granted on March 14, 2014.

Concurrently, the board of directors approved an equity infusion of up to INR 2,444.39 crore into North Eastern Electric Power Corporation Limited, a wholly-owned subsidiary, to fund three hydro projects and one solar project. Additionally, the board sanctioned two proposals for Aravali Power Company Private Limited (APCPL), a joint venture, to establish Municipal Solid Waste (MSW) to Torrefied Charcoal Facilities in Haryana.

These APCPL projects include a 1200 TPD capacity facility in Faridabad, estimated at INR 365.40 crore, and a 1500 TPD capacity facility in Gurugram, estimated at INR 414.10 crore.