NTPC rose 0.21% to Rs 116.80, extending gains for the fifth straight session.
The stock has added 2.41% in five sessions from its recent closing low of Rs 114.05 recorded in 19 December 2019.
According to the media reports, the state-owned NTPC is planning to add 10 gigawatts (GW) of solar energy generation capacity by 2022, which entails an investment of around Rs 50,000 crore, to be funded mainly by green bonds.
At present, NTPC has installed renewable energy capacity of 920 MW, which includes mainly solar energy. It has formulated a long term plan to become a 130 GW company by 2032 with 30 percent non-fossil fuel or renewable energy capacity, reports added.
The company will complete tendering of 2,300 MW of solar energy capacity by the end of this fiscal. Thereafter it has planned to add 4GW each in 2020-21 and 2021-22, reports said.
The company is open to any borrowing option in the market, which is economical. However, the company would mainly rely on green bonds which are offered for pure clean energy projects. The company wants to raise money through domestic as well as overseas green bonds, reports suggested.
On a consolidated basis, NTPC’s net profit rose 36.4% to Rs 3,400.84 crore on 4.8% rise in net sales to Rs 24,459.70 crore in Q2 September 2019 over Q2 September 2018.
NTPC is engaged in the generation and sale of electricity. The principal business activity of the company is the electric power generation by coal-based thermal power plant. The company’s business segments include generation and others.
As of 30 September 2019, the Government of India held 539.29 crore equity shares, or 54.50% stake in the company.
Source: business-standard
