ICICI Securities: NTPC - A Showcase Of Strength, Competitiveness 
The NTPC Ltd. power station stands in Dadri, India. (Photographer: Pankaj Nangia/Bloomberg)

ICICI Securities: NTPC - A Showcase Of Strength, Competitiveness 

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

In a significant development in renewables space, solar tariff in Solar Energy Corporation of India Ltd.’s latest round of bidding plunged to its lowest ever at Rs 2 per unit.

NTPC emerged as a big winner securing 470 megawatt at Rs 2.01/unit. As per our initial estimates, cost/mega watt for this project should range at Rs 40-42 million resulting in 12-14% internal rate of returns.

This bid win reaffirms NTPC’s competitiveness in the renewable energy space amongst global peers, as it continues its journey to become a cleaner and greener company.

Click on the attachment to read the full report:

ICICI Securities NTPC Company Update.pdf

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