NTPC Approves Investment in Two Thermal Power Project

20 Sep 2024 , 12:11 PM

NTPC, a state-owned power major has said in its latest exchange filing that the company’s board has given approval to 2 major thermal power plant projects. The investment combined to ₹20,921.85 crore.

The exchange filing said that, “We wish to inform that the board of directors of the Company, in its meeting held on 19th September 2024, has accorded investment approval for Sipat Super Thermal Power Project, Stage-III (1×800 MW) at an appraised current estimated cost of ₹9790.87 crore.”

According to the report, the company will invest around ₹9,790 crore at Sipat Super Thermal Power Project (Stage-III), located in Chhattisgarh which will see an expansion of 1×800 MW. While the second investment will be done at Darlipali Super Thermal Power Project (Stage-II), located in Odisha whose estimated cost will be of ₹11,130.98 crore. The project will also see an expansion of 1×800 MW which will be further added in the portfolio of NTPC.