NTPC Q4 Review - Focus Shifts To Strong Renewable Energy Capacity, Execution To Be Key: ICICI Direct

NTPC Ltd.'s power plant. (Source: Company website)

NTPC Q4 Review - Focus Shifts To Strong Renewable Energy Capacity, Execution To Be Key: ICICI Direct

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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 Direct Report

NTPC Ltd. reported operationally decent Q4 FY21 results.

In terms of operational performance, generation and energy sold were in line with our estimates led by smart recovery in plant load factor (higher than national average) and strong capacity trends over last two years.

The company has a strong capacity addition target for FY22 as well.

The key takeaway was the aggressive doubling of renewable capacity addition target by 2032 to 60000 megawatt from an earlier set target of 30000 megawatt.

The company also announced a final dividend of Rs 3.15 per share in addition to interim dividend of Rs 3 per share taking total dividend per share for FY21 at Rs 6.15/share.

Click on the attachment to read the full report:

ICICI Direct NTPC Q4YF21 Result Update.pdf

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