NTPC Commissions 160 MW Solar Project in Rajasthan

30 Aug 2024 , 03:41 PM

NTPC has successfully commissioned 160 MW of the 320 MW Bhainsara solar project in Jaisalmer, Rajasthan. With this addition, NTPC Group’s total installed and commercial capacity has reached 76,294 MW.

NTPC REL, a stepdown subsidiary of NTPC Ltd through NTPC Green Energy Ltd, began commercial operations on August 28, 2024.

At the time of writing on August 30, 2024 at 03:33 pm, NTPC stock was trading at ₹417, marking a 1.78% gain on the NSE. NTPC has witnessed a 89% gain since the beginning of the year, and 34% gain since the beginning of the year.

NTPC Ltd, formerly National Thermal Power Corporation, is a leading Public Sector Undertaking (PSU) under India’s Ministry of Power. NTPC focuses on generating and distributing electricity across India, with headquarters in New Delhi.

The company also offers consultancy and turnkey project management services related to power plants. NTPC is India’s largest power producer, with a generating capacity of 71,594 MW, contributing over 25% of the country’s total power generation.

NTPC Mining Ltd (NML), a subsidiary, mined 100 MMT of coal in FY 2023-24 from various mines in Jharkhand, Odisha, and Chhattisgarh.

The company operates 55 power stations, including coal, gas, hydro, wind, and solar projects, along with additional stations managed by joint ventures.

NTPC was founded in 1975 by the Government of India, which currently holds a 51.1% equity stake. The company was awarded Maharatna status in 2010 and is ranked 433rd in the Forbes Global 2000 for 2023.