NTPC's board approved an investment of around ₹20,921 crore in two thermal power projects.

What Happened: NTPC's board on Thursday after market close approved investment in the Darlipali super thermal power project, stage-II (1×800 megawatts). The company will invest ₹11,130.98 crore in the project. 

The next project was the Sipat super thermal power project, stage-III (1×800 megawatts) where the company will invest ₹9,790.87 crore.

NTPC in August started commercial operations of the first part capacity of 160 megawatts out of the 320-megawatt Bhainsara solar photovoltaic project in Jaisalmer, Rajasthan of NTPC Renewable Energy, a unit of the company. 

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NTPC recently filed draft papers for a ₹10,000 crore IPO for NTPC Green Energy. The IPO will raise funds with no offer for sale (OFS) component. It will use ₹7,500 crore from the fresh cash to repay parts of its debts of NTPC Renewable Energy. 

The company had also signed a joint venture agreement with the Nuclear Power Corporation of India (NPCIL) to develop nuclear power projects.The projects involve two pressurised heavy-water reactor (PHWR) for the Chutka Madhya Pradesh atomic power project and the Mahi Banswara Rajasthan atomic power project.

Price Action: Shares of NTPC were down 0.17% at ₹423.25  on Friday morning. 

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