NTPC Limited announced key board approvals following its meeting on March 28, 2026. The board sanctioned an investment proposal for a Battery Energy Storage System (BESS) with a capacity of 4.70 GWh, estimated at Rs.5,821.90 Crore. Additionally, NTPC will commit an additional equity of Rs 3,173.67 Crore to its joint venture, MUNPL, for the Meja Stage-II power expansion, maintaining the 50:50 promoter structure.
NTPC Board Approves Major Investment and Expansion
NTPC Limited announced the outcomes of its Board of Directors meeting held on 28th March 2026. The Board approved key strategic decisions impacting both renewable energy infrastructure and thermal capacity expansion through a joint venture.
Battery Energy Storage System (BESS) Investment
The primary approval was for a significant investment in energy storage infrastructure. The details are as follows:
- Project: Investment proposal for a Battery Energy Storage System (BESS).
- Capacity: Total capacity of 4.70 GWh.
- Estimated Cost: The project is estimated to cost Rs.5,821.90 Crore.
Joint Venture Equity Commitment for Meja Expansion
The Board also approved an additional equity infusion into Meja Urja Nigam Private Limited (MUNPL), the existing 50:50 Joint Venture between NTPC and UPRVUNL. This equity is designated for establishing the Meja Super Thermal Power Project Stage-II (3×800 MW).
The specifics of the commitment are:
- Additional Equity: Rs 3,173.67 Crore.
- Total Commitment: Following this infusion, the total equity commitment in MUNPL will reach Rs.5,000 Crore.
- Ownership Structure: The additional equity release is conditional upon proportionate contribution from UPRVUNL, ensuring the promoter shareholding remains at 50:50 post-transaction. MUNPL’s turnover for FY 2024-25 was noted at Rs.5099 Crore.
- Timeline: The indicative time period for the completion of the Stage-II expansion is set Upto 2029-30.
Meeting Conclusion
The Board meeting commenced at 11:10 A.M. and concluded at 12:15 P.M. This information is furnished for record and compliance purposes.
Source: BSE
