NTPC shares in focus as 3,300-MW Barh project in Bihar set to go commercial from July 1

NTPC shares will be in focus on Friday after the state-owned power major announced that its 3,300 MW Barh Super Thermal Power Project in Bihar will become fully commercially operational from July 1, 2025, with the commissioning of Unit-3 (660 MW) under Stage-I.

The Barh project comprises five units of 660 MW each—three under Stage-I and two under Stage-II. With the latest addition, all units will now be commercially operational.

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Unit-1 and Unit-2 under Stage-I were commissioned in November 2021 and July 2023, respectively. Stage-II’s Unit-4 and Unit-5 were commissioned earlier in November 2014 and February 2016.

In a regulatory filing, NTPC said that Unit-3 (660 MW) of Stage-I will be declared commercially operational with effect from July 1.

Following this, NTPC’s total installed and commercial capacity will rise to 60,978 MW on a standalone basis and 82,080 MW on a group basis.

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Q4 Financial Performance

In Q4 FY24, NTPC reported a 22.6% sequential increase in consolidated net profit at Rs 5,778 crore. Revenue rose 6% QoQ to Rs 43,903.7 crore.

However, operational metrics were weaker. EBITDA declined by 6% QoQ to Rs 11,255 crore, while operating margins narrowed to 25.6% from 28.9% in the previous quarter.

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NTPC Share Price Target

According to Trendlyne, the average target price for NTPC stands at Rs 418, indicating an upside of nearly 24% from current levels. Among the 25 analysts tracking the stock, the consensus rating is ‘Buy’.

From a technical perspective, the Relative Strength Index (RSI) is at 51.7, reflecting neutral momentum. The MACD remains negative at -2.6, below both the signal and center lines, suggesting mild bearishness.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)