NTPC Targets 244 GW Capacity By 2037 With INR 16.86 Lakh Crore Investment Plan

NTPC Limited has announced an ambitious long-term expansion plan to increase its operational power generation capacity to 244 GW by 2037, excluding energy storage. The company has outlined a total capital expenditure of Rs 16.86 lakh crore through FY37 as it prepares to meet India’s rising electricity demand.

Speaking at NTPC’s 50th Annual General Meeting, Chairman and Managing Director Gurdeep Singh said the next decade will be an important period of growth for the company. NTPC currently has around 91 GW of total installed capacity. Under its revised roadmap, the company aims to increase this to 149 GW by 2032, including 60 GW of renewable energy capacity. The target is then to expand the overall operational capacity to 244 GW by 2037.

The planned investment will cover several areas of the energy sector, including thermal power, hydropower, pumped storage, renewable energy, battery storage, coal mining and nuclear power. This diversified approach is aimed at supporting India’s growing energy requirements while strengthening NTPC’s position across the power value chain.

Nuclear energy has emerged as a major focus of the company’s long-term strategy. NTPC plans to target a 30 percent share of India’s proposed 100 GW nuclear power capacity goal by 2047. The company is already working with Nuclear Power Corporation of India Limited (NPCIL) through a joint venture for a 2.8 GW nuclear power project in Rajasthan. NTPC is also evaluating 34 potential sites across 13 states for developing independent nuclear power projects.

The company is also progressing with its 5.75 lakh tonnes per annum coal gasification project, which is expected to produce synthetic natural gas and help reduce dependence on imported gas.

The expansion strategy comes after a strong financial performance in FY26. NTPC reported a consolidated profit after tax of Rs 27,546 crore, marking a 15 percent increase from the previous year. Group EBITDA stood at Rs 60,564 crore, providing a strong financial base for its planned long-term investments.