State-owned power giant NTPC Ltd announced that its board of directors has approved investments for two significant thermal power projects, totaling ₹20,921.85 crore.

The Sipat Super Thermal Power Project (Stage-III) in Chhattisgarh will see an expansion of 1x800 MW at an estimated cost of ₹9,790.87 crore. Additionally, the board has sanctioned investment for the Darlipali Super Thermal Power Project (Stage-II) in Odisha, which will also add 1x800 MW to NTPC’s energy portfolio at a projected cost of ₹11,130.98 crore.

In a stock exchange filing, NTPC stated, "The board of directors has approved investment for the Sipat Super Thermal Power Project, Stage-III (1x800 MW) at an estimated cost of ₹9,790.87 crore." Similarly, they confirmed the approval for the Darlipali Super Thermal Power Project, Stage-II (1x800 MW) at a cost of ₹11,130.98 crore.

For the April to June 2024 quarter, NTPC reported a 13.5% year-on-year increase in revenue, totaling ₹44,419 crore, surpassing estimates from a CNBC-TV18 poll. In the same quarter the previous year, revenue was ₹39,122 crore.

The company’s profit rose 11% year-on-year to ₹4,511 crore in the first quarter of FY25, up from ₹4,066 crore in the same period last year, and also exceeded expectations.

According to NTPC’s regulatory filing, its EBITDA (earnings before interest, taxes, depreciation, and amortization) increased by 9.5% compared to the previous year's June quarter, reaching ₹12,466 crore, which was 4.6% above the projected figure of ₹11,922 crore.