Why NTPC Share Price is Rising

India's power sector is growing rapidly. Rising electricity demand, government push for renewable energy, and industrial expansion are the key reasons. Power consumption in both urban and rural areas is increasing.

India is also focusing on building reliable power infrastructure. All of this is creating strong momentum in the energy sector.

In this backdrop, NTPC stands out as one of the biggest power companies in India.

It has a mix of coal-based, gas-based, hydro, and renewable energy projects. With a generation capacity of over 73 GW, NTPC is a central pillar in India's energy roadmap. It is also expanding into green hydrogen and other future-ready solutions.

With this growing relevance, NTPC is now under investor spotlight. Its share price is rising steadily. In just the last one month, NTPC share price has rallied by 14.5%.

Let's take a closer look at the key factors behind rising NTPC share price.

Rising Power Demand

India's power sector is seeing a strong upswing. Demand rose by 6.7% in February compared to last year. This growth comes after a dull phase and is now picking up due to rising industrial activity and early summer heat.

Peak power demand is now expected to reach 270 gigawatts in FY26. That is 4% higher than earlier projections.

NTPC is one of the key players benefiting from this growth trend. The company is expanding its renewable energy base to keep pace. It has awarded 1.2 gigawatts of new wind-solar hybrid projects recently.

It also commissioned a 105 megawatt solar project in Madhya Pradesh. With this, NTPC's total installed capacity has reached 77.5 gigawatts.

This steady push into clean energy and strong capacity expansion has kept NTPC in the spotlight. The sharp rise reflects positive sentiment around its future growth.

Demand is expected to stay high due to the summer season. As India's power needs climb, NTPC is positioned well to benefit from the demand surge.

What Next?

NTPC has laid out an ambitious and clear roadmap for growth. The company plans to add 24.7 GW of capacity between FY25 and FY27. This includes 5.7 GW of thermal, 1.4 GW of hydro, and a major 17.5 GW from renewable energy.

This strong pipeline shows NTPC is not just expanding, but also shifting towards a cleaner and more balanced energy mix.

Most of this future capacity will come through joint ventures, especially under its green energy arm, NTPC Green Energy (NGEL). NGEL has already added 685 MW of renewable capacity so far in FY25 and expects to close the year with 3.1 GW total capacity.

It plans to add 5 GW in FY26 and 8 GW in FY27. The company has full visibility for this pipeline, including land and transmission tie-ups.

NGEL is also building scale through multiple joint ventures across Rajasthan, Uttar Pradesh, Maharashtra, Andhra Pradesh, and Bihar.

Many of these are focused on solar parks, pumped hydro, battery storage, and green hydrogen. The green hydrogen hub project in Andhra Pradesh, supported by the central government, is one of the flagship developments.

NTPC is not ignoring its thermal business either. It is investing in brownfield thermal capacity of 7.2 GW to be awarded by FY27. The under-construction thermal capacity stands at 17.6 GW. Hydro and renewable projects of 12.5 GW are also under construction.

NTPC is targeting 60 GW of renewable capacity by 2032. To support this expansion, it is increasing in-house coal production from 40 MMT in FY25 to 67 MMT by FY29, ensuring better fuel security.

The company is also focused on emission control. It has already commissioned FGD systems for 16.5 GW and work is ongoing for another 52 GW. These are expected to be completed over the next three years. In addition, NTPC has scaled up biomass co-firing significantly to lower carbon intensity.

Investors should evaluate the company's fundamentals, corporate governance, and valuations of the stock as key factors when conducting due diligence before making investment decisions.

How NTPC Share Price has Performed Recently

In the past five days, NTPC share price has rallied 8.2%. In the last month, it is up 14.5%.

In 2025, so far, its share price is up 9.5%. Additionally, it is down 11% in the past one year.

The stock touched its 52-week high of Rs 448.3 on 30 September 2024 and a 52-week low of Rs 292.7 on 17 February 2025.

About NTPC

NTPC is India's largest power generation company. It operates across thermal, hydro, solar, and wind energy. The company has a total installed capacity of over 77.5 GW.

NTPC is also expanding fast in the renewable energy space. Its green energy arm, NTPC Green Energy Limited, is driving solar, wind, and green hydrogen projects. NTPC is also increasing its coal production to ensure better fuel security.

With a strong focus on sustainability, it is also investing in emission control and biomass co-firing.

To know more about the company, check out NTPC's financial factsheet and its latest quarterly results.

For a sector overview, read our power sector report.

To know what's moving the Indian stock markets today, check out the most recent share market updates here.

Happy investing.

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