NTPC reports strong half-year performance and significant capacity expansion

NTPC Group's capacity increased by 10% to 83,893 MW in H1 FY26, adding 4,403 MW, the highest half-year capacity addition since inception. Total fresh capacity addition reached 5,359 MW by October 2025, bringing the NTPC Group's installed capacity to 84,849 MW. The group's H1 FY26 PAT increased by 4% to ₹11,334 crore, with standalone adjusted PAT for Q2 FY26 rising 8% to ₹4,518 crore.

NTPC Green Energy Limited (NGEL) saw H1 FY26 revenue from operations jump 19% to ₹1,292 crore and operating EBITDA increase 21% to ₹1,133 crore, with margins improving to 88%. NGEL’s consolidated capital expenditure for the six months ended September 30, 2025, was ₹6,607 crore, significantly higher than the previous year. NTPC has also declared a first interim dividend of ₹2.75 per equity share for FY 2025-26.

The company is pursuing 21 GW of Pumped Storage Projects, with 12670 MW firmly allocated, and developing 1,990 MWh of Battery Energy Storage Systems. It also announced plans for nuclear expansion, including the Mahi Banswara Rajasthan Atomic Power Project (4 x 700 MW) at an estimated cost of ₹50,000 crore, with orders for the nuclear island and TG package expected this fiscal year.