Business Standard

More steam left in NTPC stock; to be key beneficiary of rising power demand

NTPC has a healthy return on equity (RoE) of 14-15 per cent and a likely revenue compound annual growth rate of 15 per cent through FY25

The state government holds a 26.85 per cent stake in SJVN, which owns and operates 2 GW of hydro power projects
Premium

Devangshu Datta
Power demand in summer is liable to spike very sharply due to expectations of higher economic activity and also, projections of high cooling demands since it is expected to be a very hot summer. As India’s largest generator, the public sector undertaking NTPC would be a key player.

Power generation surged 13.8 per cent year-on-year (YoY) in February 2023 after rising 18.4 per cent YoY in January 2023 and 14.3 per cent YoY in December 2022. But power generation fell in February by 6.6 per cent month-on-month (MoM), due to an increase in temperature (leading to lower need for heating).

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in