NTPC plans Rs 17 trillion (Rs 17 tn) of investment through fiscal 2037 to expand its generation portfolio, executives said. The state-owned producer aims to build capacity of 150 GW by fiscal year 2032, up from about 91 GW at present, and to reach 250 GW by fiscal year 2037. The group reported a total portfolio of 127 GW, including roughly 91 GW operational and 36 GW under construction. Investment programme is intended to accelerate capacity additions across technologies.

Capital allocation is set to shift gradually away from coal fired plants towards renewable energy, storage systems and nuclear power, according to company materials. NTPC expects renewable energy to make the largest contribution to future growth, targeting 60 GW by FY32 and 136 GW by FY37 from about 12 GW currently operational. The company also plans to scale energy storage to complement intermittent generation and to integrate projects within its existing grid footprint. Analysts at the meeting noted the emphasis on balancing capacity with system stability.

Executives indicated coal fired capacity could increase to around 91 GW under current plans from 67 GW now as part of a broader mix, while acknowledging the changing allocation. The group is stepping up a push into nuclear power with a long term aim of 30 GW by 2047 and a nearer term eye on capacity of about six GW by 2037. Site studies are under way across Indian states to identify land for new projects and to accelerate permitting and construction timetables. Investment in diversified technologies is described as central to delivery.

Company presentations at an analyst and investor meet set out the staged expansion and the prioritisation of renewables and storage alongside thermal and nuclear options. Executives framed coal, renewable energy backed by storage and nuclear power as the three pillars of national energy security and justified continued investment across those streams. The plan reflects a strategic shift in capital deployment while retaining capacity buffers to meet demand. The figures were drawn from company disclosures and a recording of the meeting.