DBT Bureau
Pune, 28 March 2026
NTPC Limited has approved a major investment in energy storage and thermal power expansion as part of its capacity growth strategy. The company’s board cleared a proposal to develop a Battery Energy Storage System (BESS) with a total capacity of 4.70 GWh at an estimated cost of ₹5,821.9 crore.
NTPC also approved an additional equity investment of ₹3,173.67 crore in Meja Urja Nigam Private Limited (MUNPL), a joint venture between NTPC and Uttar Pradesh Rajya Vidyut Utpadan Nigam Limited (UPRVUNL). The investment will support the development of the Meja Super Thermal Power Project Stage-II, which will have a planned capacity of 3×800 MW.
Following the additional funding, NTPC’s total equity commitment in MUNPL will increase to ₹5,000 crore, subject to proportional equity contributions from UPRVUNL.
MUNPL currently operates Meja Stage-I (2×660 MW) and reported a turnover of ₹5,099 crore in FY2024-25, reflecting steady operational performance over the past three years.
The expansion project is aimed at increasing generation capacity and strengthening power supply in the region. The shareholding structure of the joint venture will remain unchanged at 50:50 between NTPC and UPRVUNL even after the equity infusion.
The board meeting that approved the investments was held on March 28, 2026.
The stock is currently trading around ₹376 (as of 27 March 2026), within its 52-week range of ₹315.55–₹394.50, giving the company a market capitalisation of about ₹3.64 lakh crore, a P/E ratio between 14.68 and 18.05, and delivering a modest one-year return of roughly 4–5%.
Disclaimer: Any views, opinions, or investment-related information expressed by contributors on Databiztimes.com are solely their own and should not be construed as investment advice. Readers are advised to consult SEBI-registered or certified financial advisors before making any investment decisions.
