NTPC targets capex of Rs 23,736 cr in FY22

• In FY21, we have incurred a CAPEX of Rs 20,338.68 crore on standalone basis, said the NTPC management
• The investors were told that NTPC realised more than 100 percent of the billed amount crossing Rs 1 lakh crore during FY21, which is the highest-ever realisation

New Delhi: State-run NTPC Limited has planned a capex of Rs 23,736 crore for FY22, the company told investors in a recent conference call. "In FY21, we have incurred a CAPEX of Rs 20,338.68 crore on standalone basis and total group CAPEX of Rs 33,981.64 crore. The capital outlay for FY22 on standalone basis has been estimated at Rs 23,736 crore for NTPC," said the company's management. Among other things, the capex will be utilised for acquisition of coal-bearing areas and for setting up of technology demonstration project at NTPC's Advance Ultra Super Critical plant in Sipat, Chhattisgarh, according to Budget 2021-22 estimates.

NTPC registers highest-ever realisation at Rs 1 lakh cr

The investors were told that NTPC realised more than 100 percent of the billed amount crossing Rs 1 lakh crore during FY21, which is the highest-ever realisation. Further, the trade receivables were maintained at a level of 50 days' sales. The PSU's employee cost also witnessed a decrease in the previous financial year due to retirement of employees and higher PRP and ex-gratia in the previous year.

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NTPC commissioned FGD for 1 GW capacity out of total 64.39 GW

Flue Gas Desulphurisation (FGD) Systems are under various stages of implementation for the 64.39 GW of group capacity. FGD systems have been commissioned for only 1,340 MW capacity, said the top management. FGD system packages for 58.94 GW capacity are under implementation and FGD system packages for 4.11 GW capacity are under various stages of tendering. 

The backdrop

PSU Watch had earlier reported that NTPC plans to halve coal-based power generation in its energy portfolio by 2032, and increase the share of renewable energy (RE) from the current 1 GW to 60 GW. NTPC's top management said that the thermal power utility has not changed the overall capacity addition plan for 2032 — which still stands at 130 GW. But the company has doubled the RE installation target for the said period from 32 GW to 60 GW. This effectively means that by 2032, if NTPC manages to install 60 GW of RE, the share of coal-based power in its portfolio would reduce by half.

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