President of India-Backed Power Company Completes Trial Operation of 660 MW Capacity Unit of North Karanpura Super Thermal Power Project
The stock is up by 17 per cent from its 52-week low of Rs 292.75 per share and has given multibagger returns of 250 per cent in 5 years.
NTPC Limited, an Indian Maharatna company, has announced the successful completion of the trial operation for Unit-3, a 660 MW capacity unit of its North Karanpura Super Thermal Power Project. Following the achievement of approved norms and necessary clearances, this unit has now been formally included in NTPC's installed capacity. This addition elevates NTPC's total installed capacity to 60,266 MW on a standalone basis and 81,368 MW for the NTPC group.
About the Company
NTPC Ltd., including its subsidiaries, associates, and Joint Ventures, primarily focuses on the generation and sale of bulk power to State power utilities, while also diversifying its operations into consultancy, project management, energy trading, oil and gas exploration, and coal mining. In line with its clean energy objectives, NTPC is now venturing into the nuclear energy sector, having established ASHVINI, a joint venture with Nuclear Power Corporation of India Ltd., specifically for the development of nuclear power projects.
DSIJ's 'Large Rhino' service recommends blue chip stocks of Large Cap companies that have leadership positions in their category. If this interests you, do download the service details here.
The President of India owns the majority of the stake (51.10 per cent). Talking about the financials, NTPC Ltd has a market cap of over Rs 3 lakh crore and reported positive numbers in its financial results (Q4FY24 & FY25). The company has been maintaining a healthy dividend payout of 37.4 per cent. The stock has a PE of 14x whereas the sectoral PE is 37x with an ROE of 14 per cent and an ROCE of 11 per cent. The stock is up by 17 per cent from its 52-week low of Rs 292.75 per share and has given multibagger returns of 250 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.