Shares of NTPC Ltd are trading flat after hitting a day’s high of Rs 331.80 on 5th September, following the company’s permanent shutdown of the Tanda Thermal Power Station Stage-I (four units of 110 MW each) in Uttar Pradesh, effective 1st September, 2025, according to a stock exchange filing on 4th September.

NTPC has permanently shut its Tanda Thermal Power Station Stage-I, reducing its installed and commercial capacity to 82,926 MW. The closure follows approval and communication to the Central Electricity Authority (CEA). It is part of NTPC’s shift from older coal-based plants to cleaner energy. In June, the company set a goal to install 60 GW of renewable energy capacity by 2032.

Last month, NTPC’s board approved partial changes to transfer its coal mining business to its subsidiary, NTPC Mining Limited (NML). The transfer will happen through an amended business transfer agreement. This is to be signed by 30th September, 2025. Completion is expected within 365 days, subject to approvals.

In Q1 (April-June), NTPC reported a 5.85% year-over-year rise in standalone net profit to Rs 4,774 crore but missed market expectations. Revenue from operations fell 4.2% to Rs 42,572 crore. This is down from Rs 44,427 crore a year ago.

At 11:29 AM, the shares of NTPC were trading 0.33% lower at Rs 328.95 on NSE.

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