+
NTPC Approves Battery Storage And Meja Equity Expansion
POWER & RENEWABLE ENERGY

NTPC Approves Battery Storage And Meja Equity Expansion

NTPC Limited's board approved development of a Battery Energy Storage System (BESS) with a total capacity of four point seven gigawatt hour (GWh) at an estimated cost of Rs58,219 million (mn). The decision was disclosed to stock exchanges in compliance with SEBI listing obligations and disclosure requirements. The company framed the investment as aimed at strengthening grid stability and supporting large scale renewable integration.

The board also approved an additional equity investment of Rs31,736.7 million (mn) in Meja Urja Nigam Private Limited (MUNPL), a joint venture with Uttar Pradesh Rajya Vidyut Utpadan Nigam Limited, to support the Meja Super Thermal Power Project – Stage II, which comprises three×800 megawatt (MW) units. Upon completion of the rights issue subscription, NTPC's total equity commitment to MUNPL is expected to increase to Rs50,000 million (mn), subject to proportionate contribution from UPRVUNL. The equity infusion is planned to be completed by FY 2029–30 and is intended to accelerate capacity addition for base load supply.

MUNPL currently operates Meja Stage I, which comprises two×660 megawatt units, and has shown revenue growth in recent years. Reported turnover was Rs50,990 million (mn) in FY 2024–25, Rs42,420 million (mn) in FY 2023–24 and Rs38,100 million (mn) in FY 2022–23. The planned Stage II expansion is expected to materially increase generation capacity and the operational scale of the joint venture.

NTPC positioned the twin approvals as part of a balanced capital allocation strategy that pursues energy transition through utility scale battery infrastructure while preserving energy security via thermal expansion. The company indicated that utility scale storage will assist peak demand management, frequency regulation and reliable power supply during the ongoing energy transition. The disclosure of these approvals was submitted to BSE Limited and the National Stock Exchange of India in line with regulatory requirements.

NTPC Limited's board approved development of a Battery Energy Storage System (BESS) with a total capacity of four point seven gigawatt hour (GWh) at an estimated cost of Rs58,219 million (mn). The decision was disclosed to stock exchanges in compliance with SEBI listing obligations and disclosure requirements. The company framed the investment as aimed at strengthening grid stability and supporting large scale renewable integration. The board also approved an additional equity investment of Rs31,736.7 million (mn) in Meja Urja Nigam Private Limited (MUNPL), a joint venture with Uttar Pradesh Rajya Vidyut Utpadan Nigam Limited, to support the Meja Super Thermal Power Project – Stage II, which comprises three×800 megawatt (MW) units. Upon completion of the rights issue subscription, NTPC's total equity commitment to MUNPL is expected to increase to Rs50,000 million (mn), subject to proportionate contribution from UPRVUNL. The equity infusion is planned to be completed by FY 2029–30 and is intended to accelerate capacity addition for base load supply. MUNPL currently operates Meja Stage I, which comprises two×660 megawatt units, and has shown revenue growth in recent years. Reported turnover was Rs50,990 million (mn) in FY 2024–25, Rs42,420 million (mn) in FY 2023–24 and Rs38,100 million (mn) in FY 2022–23. The planned Stage II expansion is expected to materially increase generation capacity and the operational scale of the joint venture. NTPC positioned the twin approvals as part of a balanced capital allocation strategy that pursues energy transition through utility scale battery infrastructure while preserving energy security via thermal expansion. The company indicated that utility scale storage will assist peak demand management, frequency regulation and reliable power supply during the ongoing energy transition. The disclosure of these approvals was submitted to BSE Limited and the National Stock Exchange of India in line with regulatory requirements.

Related Stories

Gold Stories

Next Story
Products

Interio by Godrej launches modular workplace solutions

Interio by Godrej has launched Workscapes, a modular workplace solutions category designed to help organisations configure and adapt workspaces to changing requirements. The portfolio combines mobile and compatible furniture and support elements that can be rearranged across different work modes without changes to fixed layouts.Workscapes includes Collaboration Tables, Privacy Solutions, Mobile Markerboards and Space Dividers, Power Solutions, Storage and Support Elements, Meeting and Presentation Tools, and Seating Elements. The range is designed for focused work, collaboration, informal disc..

Next Story
Infrastructure Urban

CAFE-III Gives Auto Industry Investment Clarity

The government’s new Corporate Average Fuel Economy (CAFE-III) norms have provided the automobile industry with a clearer framework for technology investments, according to industry representatives. The framework seeks to balance environmental objectives with flexibility for manufacturers while encouraging the adoption of flex-fuel vehicles and biofuels. Society of Indian Automobile Manufacturers (SIAM) President Shenu Agarwal said the five-year framework would give automakers greater predictability to plan investments and accelerate innovation. He said the regulation established annual targ..

Next Story
Infrastructure Energy

Mines Ministry to Auction Two Offshore Mineral Blocks in Andaman Sea

The Ministry of Mines will launch an auction of two offshore mineral blocks in the Andaman Sea on Thursday, seeking to unlock India’s offshore mineral potential and strengthen long-term mineral resource security. The blocks will be offered under a composite licence, which permits exploration and development activities in accordance with the applicable regulatory framework. The ministry said the auction was intended to encourage systematic exploration, attract investment and promote the use of advanced technologies for offshore mineral exploration and development. The initiative is also aimed..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code