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An announcement from NTPC Limited ( (IN:NTPC) ) is now available.
NTPC’s board has cleared an investment proposal for a 4.70 GWh Battery Energy Storage System at an estimated cost of Rs 5,821.90 crore, underscoring the utility’s push into grid-scale storage to support renewable integration and enhance system flexibility. The move signals a strategic shift toward advanced energy infrastructure that can help NTPC strengthen its role in India’s evolving power mix.
The board also approved an additional equity commitment of Rs 3,173.67 crore in joint venture Meja Urja Nigam Private Limited to develop the Meja Super Thermal Power Project Stage-II (3×800 MW), taking NTPC’s total equity pledge in the JV to Rs 5,000 crore while retaining a 50:50 shareholding with UPRVUNL. This combined storage and generation push positions NTPC to meet rising electricity demand, balance intermittency from renewables, and reinforce its long-term capacity pipeline, with the Meja expansion targeted for completion by 2029-30.
More about NTPC Limited
NTPC Limited is India’s largest power generation company, operating across thermal and renewable energy, and supplying electricity to utilities and bulk consumers nationwide. The state-backed utility has been expanding into cleaner technologies, including renewables and battery energy storage, while continuing to invest in large-scale thermal projects to support grid reliability and growing power demand.
Average Trading Volume: 798,432
Technical Sentiment Signal: Strong Buy
Current Market Cap: 3645B INR
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