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NTPC Limited ( (IN:NTPC) ) just unveiled an announcement.
NTPC Limited’s board has approved the creation of a 50:50 joint venture in India with EDF Power Solutions India Private Limited to develop pumped storage plants, signalling a strategic push into large-scale energy storage to support grid stability and integration of renewables. The board has also cleared the formation of a wholly owned subsidiary in Mauritius to develop power projects, including floating solar photovoltaic installations, marking a step in NTPC’s international expansion and reinforcing its positioning in clean energy and innovative project formats, subject to approvals from the Ministry of Power, DIPAM and other statutory authorities.
More about NTPC Limited
NTPC Limited is India’s largest power generation company, operating primarily in the electricity sector with a portfolio spanning thermal, renewable and emerging clean energy projects. The state-backed utility focuses on expanding its generation capacity, modernising grid infrastructure and developing new energy solutions in domestic and overseas markets to support India’s long-term power and energy transition needs.
Average Trading Volume: 652,418
Technical Sentiment Signal: Hold
Current Market Cap: 3102B INR
See more insights into NTPC stock on TipRanks’ Stock Analysis page.