NTPC invites 26% project stakes: what it means for NTPC stock

Published on 10/12/2026 at 09:01 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q1 FY27 revenue reached INR 507.41 billion, up 2.10 percent quarter over quarter. For NTPC stock, this means 91,572 MW of installed capacity.

Key points in brief

NTPC invited expressions of interest for a 26.00 percent equity stake in co-generation projects on October 12, 2026.
The group reported 91,572 MW of installed capacity after a 66.18 MW solar addition in Rajasthan.
Q1 FY27 revenue reached INR 507.41 billion, up 2.10 percent quarter over quarter.
NTPC market capitalization stood at INR 3.0 trillion as of October 12, 2026.

NTPC, INE733E01010, Illustration mit AI erstellt.

NTPC has invited expressions of interest for a 26.00 percent equity stake in co-generation projects, according to ET Now on October 12, 2026. The proposal gives the renewable expansion story a commercial structure beyond individual solar commissioning notices.

What does the EOI mean for capacity?

NTPC's group installed capacity reached 91,572 MW after a 66.18 MW solar block at the Kalasar project in Rajasthan became commercially operational on October 10, 2026, Sahi reported. Commercial capacity reached 90,492 MW in the same disclosure, making the 26.00 percent project participation proposal part of a wider buildout rather than an isolated announcement.

Three capacity milestones

StockFin records 81.34 MW entering commercial operation at Kalasar on September 26, 2026. The same source reports a further 154.00 MW across two Kalasar units on September 30, 2026.

On October 2, 2026, another 50.00 MW solar addition lifted installed capacity to 91,506 MW, according to StockFin. The sequence shows how NTPC is building renewable capacity through repeated project-level additions while retaining its large thermal generation base.

Quarterly figures add context

For the first quarter of fiscal 2027, NTPC reported revenue of INR 507.41 billion, up 2.10 percent from the prior quarter, while net profit reached INR 68.96 billion, according to StockFin. The operating margin was 21.70 percent in that quarter, compared with 20.50 percent in the March 2026 quarter.

Capacity meets valuation scale

NTPC's market capitalization stood at INR 3.0 trillion as of October 12, 2026. The combination of INR 507.41 billion in quarterly revenue and 91,572 MW of installed capacity gives the co-generation proposal measurable operating context.