NTPC’s drive to build a green-energy portfolio and expand capacities over the last two years are now paying off as demand increases and the availability of domestic coal remains low.
PRO Only Highlights
- Quarterly performance largely backed by improved realisations
- Medium-term triggers China plus and protectionist measures for tyre industry
- Valuations not inexpensive; but improved medium-term outlook
- Quarterly performance largely backed by improved realisations
- Medium-term triggers China plus and protectionist measures for tyre industry
- Valuations not inexpensive; but improved medium-term outlook
Highlights Business improving with strong growth in revenues led by higher generation Meaningful capex and capacity additions to support growth in the coming years Easing of coal prices and domestic availability could support margins Reasonably valued at 1 time fiscal 2025 estimated book value NTPC’s drive to build a green-energy portfolio and expand capacities over the last two years are now paying off as demand increases and the availability of domestic coal remains low. In fiscal 2023, NTPC incurred a capex of close to...