State-run power producer NTPC Ltd. said on Saturday, July 11, that its board has approved an investment of ₹20,456.70 crore for the Lara Super Thermal Power Project, Stage-III, in Chhattisgarh.
The approved investment is for the development of two 800 MW units, taking the total capacity addition under the project to 1,600 MW, the company said in a regulatory filing on Saturday.
The company did not disclose a commissioning timeline or funding details in the filing.
Earlier on June 5, PTI had reported that NTPC has sought bids from technology solutions players to help its sub-critical thermal power units operate at lower load and ensure flexibility for the electricity distribution network to use both thermal and renewable energy more efficiently.
The project would require providing technical support to sub-critical thermal units ranging between 150 MW and 250 MW, enabling them to operate in two shifts and at a minimum technical load of 25%.
Through this initiative, NTPC aims to identify technology providers for developing highly flexible thermal generation solutions, reinforcing its commitment to grid reliability, stability, and India’s evolving energy transition needs.
The firm had reported a better-than-expected standalone profit for the fourth quarter of FY26 on May 23, even as revenue and operating earnings declined from a year earlier amid softer realisations and margin pressure.
The state-run power major posted a net profit of ₹8,747.3 crore for the March quarter, up 15% year-on-year from ₹7,611 crore and sharply ahead of the CNBC-TV18 poll estimate of ₹6,241 crore.
The shares of NTPC closed at ₹345.05 on the NSE on Friday, July 10, up 0.39%, or ₹1.35, from the previous close.
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(Edited by : priyanka deshpande)
