NTPC Q4 Review - Focus Shifts To Strong Renewable Energy Capacity, Execution To Be Key: ICICI Direct
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:
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.