ICICI Securities: NTPC Committed On The Renewable Energy Front

ICICI Securities: NTPC Committed On The Renewable Energy Front

A smokestack of the closed coal-fired NTPC Ltd. Badarpur Thermal Power Station in Delhi, India. (Photographer Prashanth Vishwanathan/Bloomberg)

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Securities Report

With a lofty target of 32 giga watt of renewable energy capacity by FY32, NTPC Ltd.’s RE strategy is beginning to take shape.

Its recent Solar Energy Corporation of India bid win affirms its competitiveness among global and domestic peers.

We believe NTPC’s key strengths in its RE transition includes (but not limited to): strong balance sheet, comparatively low cost of debt, experience in RE projects aiding shape cost-reduction strategies, and its relationship with states helping ease the land acquisition (through ultra mega renewable energy power parks)/power purchase agreement hurdles.

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ICICI Securiteis NTPC Company Update.pdf
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