NTPC confident of meeting capacity expansion targets; eyes additional 10.5 GW by FY28

NTPC has declared the first interim dividend of Rs.2.75 per equity share for FY25-26

NTPC management said the company remains on track to meet its capacity addition targets, with clear visibility on project commissioning over the next three years.

In the Q2 FY26 earnings call, the management confirmed that the power major is geared up to achieve its overall capacity addition goal of 11.8 GW, which includes 4.5 GW of conventional and 11.2 GW of renewable capacity by FY2026.

For FY26, NTPC expects to add 9,844 MW of capacity, 219 MW on a standalone basis and 7,825 MW through joint ventures and subsidiaries. The company is targeting an additional 9,600 MW in FY27. By FY28, they plans to add 10,564 MW of new capacity, comprising 2,120 MW of thermal, 444 MW of hydro, and 8,000 MW of renewable energy projects.

The company said it has clear visibility on commercial operation dates for projects scheduled over the next three years, indicating strong execution momentum.

They also noted that they are exploring partnership with various international players in the nuclear domain to prepare themselves for setting up of capacities in our nuclear subsidiary NTPC Parmanu Urja Nigam Limited once they get required permission from the government.  "FY26 so far has been a strong year for both NTPC and NGN with record capacity addition and healthy financial performance. A major milestone has been the foundation stone laying of the Mahe Bhanswara project which marks our normal beginning of NTPC's nuclear energy journey. As we look ahead to the second half of FY26, we remain optimistic about both the economy and the power sector," the management said.

The power major reported a standalone net profit of Rs 4,653 crore for the second quarter, up 0.11% from Rs 4,648 crore in the same period last year. Revenue for the quarter stood at Rs 39,166 crore, a 2.9% increase from Rs 40,337 crore in the previous fiscal.

NTPC has declared the first interim dividend of Rs.2.75 per equity share for FY25-26