NTPC

By Sethuraman N R

NEW DELHI, July 29 (Reuters) - India's top power producer, NTPC NTPC.NS, plans to invest about 17 trillion rupees ($177.62 billion) through fiscal 2037, aiming to nearly double its generation portfolio by 2032 en route to almost tripling it by 2037, executives said.

• The state-run producer is targeting a capacity portfolio of 150 gigawatts (GW) by fiscal year 2032, up from around 91 GW now, and 250 GW by fiscal year 2037, a recording from its annual analyst and investor meet showed.

• NTPC Group's total portfolio capacity of 127 GW, including around 91 GW operational and 36 GW under construction.

• The expansion is part of a long-term investment plan, with capital allocation gradually shifting towards renewable energy, storage systems and nuclear power from coal-fired generation.

• NTPC expects renewable energy to be the biggest contributor to future capacity growth, planning to raise capacity to 60 GW by FY32 and 136 GW by FY37, from about 12 GW operational now.

• It continues to expand thermal generation on the grounds that coal, renewable energy backed by storage and nuclear power are the "three legs" of India's energy security.

• NTPC's coal-fired capacity could increase to around 91 GW under current plans from 67 GW now, executives said.

• The company is targeting 30 GW of nuclear capacity by 2047 as it steps a push into nuclear power, with its eyes set on capacity of about 6 GW by 2037.

• The company is exploring sites across Indian states in studies to identify land for projects.

($1=95.7100 Indian rupees)

(Reporting by Sethuraman NR; Editing by Clarence Fernandez)

(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]))

** Shares of India's NTPC NTPC.NS fall 2% to 343.7 rupees

** State-owned power generating co trading between 0.66% to 2.4% lower since start of session

** Reuters reported on Tuesday that Indian govt would extend tenure of chairman Gurdeep Singh by six months beyond July 31, as per govt order seen by Reuters

** NTPC on avg rated "buy" by 26 analysts; median PT is 438 rupees - LSEG-compiled data

** Stock up 4.3% YTD

(Reporting by Abhirami G in Bengaluru)

(([email protected]))

** Shares of NTPC NTPC.NS rise 1.7% to 353 rupees

** Power generation firm's Q1 consol net profit rises 11.8% Y/Y as higher power demand boosts revenue; rev up 7.8%

** Investec says co's healthy project pipeline provides strong visibility for sustained regulated equity and core earnings growth; maintains "buy"

** CLSA maintains "outperform" on co at PT 459 rupees

** Stock rated "buy" on avg by 26 analysts; median PT 445 rupees - data compiled by LSEG

** Stock up 7% YTD

(Reporting by Aleef Jahan in Bengaluru)

(([email protected]))

July 24 (Reuters) - NTPC Ltd NTPC.NS:

• NTPC Q1 CONSOL NET PROFIT 67.21 BILLION RUPEES

• NTPC Q1 CONSOL REVENUE FROM OPERATIONS 507.41 BILLION RUPEES

Source text: [ID:]

Further company coverage: NTPC.NS

(([email protected];))

** Shares of NTPC Green Energy NTPG.NS rise as much as 9%, last up 6.5% to 97.3 rupees

** Set for biggest gain in 3 months

** Renewable energy co's Q1 consol profit up 38% y/y 3.05 billion rupees ($31.6 million), rev up ~63% y/y

** Approved an investment of up to 2.9 million rupees in AP NGEL Harit Amrit, its joint venture with Andhra Pradesh's renewable energy agency, raising NTPG's stake to 51%

** More than 81.4 million shares traded, about 27x more that their 30-day avg

** Seven analysts have a "hold" rating on avg; median PT is 100 rupees - data compiled by LSEG

** YTD, NTPG up ~2%

($1 = 96.4850 Indian rupees)

(Reporting by Urvi Dugar in Bengaluru)

(([email protected];))

By Sethuraman N R

NEW DELHI, July 22 (Reuters) - India said on Wednesday it has advanced plans for indigenous small modular reactors, and is aiming to bring at least five into operation by 2033 as the country moves towards lower dependency on fossil-based power generation.

The Bhabha Atomic Research Centre is developing a 220-megawatt Bharat Small Modular Reactor, a 55-MW reactor and a high-temperature gas-cooled reactor designed to produce hydrogen.

The Atomic Energy Commission had approved Tarapur in Maharashtra as the site for both the 220 MW and 55 MW projects, an atomic energy department minister Jitendra Singh said in a written reply to the country's parliament.

India, which is keen to expand its use of clean energy, last year opened its nuclear generation sector to domestic and foreign firms in the private sector. It aims to expand nuclear capacity to 100 GW by 2047 from about 8.8 GW at present.

India plans to increase its installed nuclear capacity to about 22 GW by 2031-32, with small reactors expected to play a role in the planned expansion, the minister said.

Small modular reactors are being developed by several countries, including the U.S., Russia and South Korea, and are seen as a viable option for supply of clean energy to industries.

State-run Nuclear Power Corp of India, currently India's sole operator of nuclear plants, aims to have 50 GW of capacity while the country's top coal plant operator NTPC NTPC.NS, also state-run, is aiming for 30 GW of nuclear capacity.

Conglomerates such as Adani Group and several other private companies including Tata Power TTPW.NS and Reliance Industries RELI.NS are looking at investing in the sector.

(Reporting by Sethuraman NR;
Editing by Alison Williams)

(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]))

NEW DELHI, July 20 (Reuters) - India's coal-fired power plants have sufficient coal stocks to run for about two weeks at higher operating rates, easing concerns about fuel shortages amid rising electricity demand and below-average monsoon rainfall.

• Coal stocks at power plants stood at 42.8 million tonnes as of July 12, enough for 14 days of operation at an 85% plant load factor, the power ministry said in a reply to parliament on Monday.

• Utilities are also getting sufficient coal supplies to meet their daily requirements, it added.

• India's peak power demand surged last week to nearly 270.1 gigawatts (GW), driven by higher cooling demand as an El Nino pattern contributed to weaker rainfall.

• India's peak power demand had reached 270.2 GW in May, and the government expects it to touch 280 GW this year due to the absence of stronger monsoon rains.

• Coal remains the backbone of India's power system despite the country's aggressive renewable energy expansion.

• Coal and lignite-fired plants accounted for 69.5% of electricity supplied during April-June and generated about 75% of power during non-solar peak-demand hours, according to the ministry.

• The government has intensified coordination among the coal, power and railway ministries to monitor supplies and prioritize coal transportation to power stations, the power ministry said.

• India added 9.47 GW of coal-fired generation capacity in 2025-26 and a further 2.26 GW between April and July, helping support record electricity demand, the government said.

(Reporting by Sethuraman NR; Editing by Susan Fenton)

(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]))

NEW DELHI, July 13 (Reuters) - India has asked renewable energy companies to either surrender transmission rights or provide higher bank guarantees if they fail to generate power, as the country seeks to free up grid capacity for projects that are actually producing electricity, according to a regulatory order.

Here are some details:

• The companies can also transfer transmission rights for their group utility that are generating but does not have connectivity to grid, an order from the Central Electricity Regulatory Commission dated July 11 said.

• A substantial amount of renewable energy capacity has been awarded between 2019-2025 to power producers, but most of it does not yet have customers, the CERC said.

• As a result, transmission access is being occupied by projects that may not move ahead, and CERC believes about 15.7 GW of this connectivity could be released for other developers.

• Power producers can also retain transmission connectivity, provide additional bank guarantees, but develop the power project independently, the CERC said.

• Connectivity surrendered will first be offered to existing applicants in the same substation cluster and any remaining capacity will be auctioned.

  
  

(Reporting by Sethuraman NR, Editing by Louise Heavens)

(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]))

NTPC Limited’s board approved a new thermal power project at its Lara site in Chhattisgarh, with an estimated investment of ₹20,456.70 crore. The proposal, cleared at a board meeting on 11 July 2026, covers the third stage of the Lara Super Thermal Power Project and involves the construction of two 800‑megawatt units, adding 1,600 MW of generation capacity. The company did not provide a timeline for construction or commissioning. The investment expands NTPC’s planned coal‑based capacity pipeline and represents a substantial capital outlay for the state‑owned power generator.

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MUMBAI, July 7 (Reuters) - India's NTPC Green Energy NTPG.NS accepted bids worth 25 billion rupees ($262.29 million) in a sale of bonds maturing in 10 years, three bankers said on Tuesday.

It will pay a coupon of 7.27% and had invited commitment bids for the issue earlier in the day, they said.

The company did not respond to a Reuters email seeking comment.

Here is the list of deals reported so far on July 7:

* Size includes base plus greenshoe for some issues

($1 = 95.3150 Indian rupees)

(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Harikrishnan Nair)

(([email protected], [email protected]))

MUMBAI, July 3 (Reuters) - India's NTPC Green Energy NTPG.NS plans to raise up to 25 billion rupees( $262.29 million), including a greenshoe option of 20 billion rupees, through the sale of bonds maturing in 10 years, three bankers said on Friday.

It has invited coupon and commitment bids for the issue on Tuesday, they said.

The company did not immediately respond to a Reuters email seeking comment.

Here is the list of deals reported so far on July 3:

*Size includes base plus greenshoe for some issues

($1 = 95.3150 Indian rupees)

(Reporting by Khushi Malhotra; Editing by Ronojoy Mazumdar)

((Khushi [email protected]))

June 26 (Reuters) - NTPC Ltd NTPC.NS:

• NTPC - INCORPORATES WHOLLY OWNED SUBSIDIARY NTPC (MAURITIUS) ENERGY IN MAURITIUS

• NTPC - UNIT SET UP WITH CAPITAL OF 1 MILLION MUR

Source text: ID:nBSE2cGVFK

Further company coverage: NTPC.NS

(([email protected];))

Recasts and writes through with details on Adani's nuclear plans

By Sethuraman N R and Abinaya V

NEW DELHI/BENGALURU, June 24 (Reuters) - Adani Group outlined its ambitions to be a major player in India's nuclear power on Wednesday, saying it intends to build as much as 10 gigawatts of capacity by 2035 which would likely make it the country's biggest private-sector operator.

"Our entry into nuclear energy through Adani Atomic Energy is another confident step towards securing India's long-term energy future," Gautam Adani, the conglomerate's chairman, said at the group's annual general meeting.

India, which is keen to expand its use of clean energy, last year opened its nuclear generation sector to domestic and foreign firms in the private sector. It aims to expand nuclear capacity to 100 gigawatts by 2047 from about 8 gigawatts at present.

State-run Nuclear Power Corp of India, currently India's sole operator of nuclear plants, aims to have 50 GW of capacity while the country's top coal plant operator NTPC NTPC.NS, also state-run, is aiming for 30 GW of nuclear capacity.

Adani would likely be the third-biggest operator of nuclear plants. Several other private companies including Tata Power TTPW.NS and Reliance Industries RELI.NS are looking at investing in the sector.

The Adani group has identified land for the projects, but did not disclose details, including where the projects might be located.

Adani said the conglomerate's data centre business is on track to build 3 GW of capacity by 2030. The group is also ramping up its piped natural gas projects to meet India's rising demand for gas.

India's gas supplies have been disrupted due to global shipping constraints after the U.S. and Israel's war with Iran halted traffic through the Gulf and the Strait of Hormuz.

Shares of Adani Enterprises ADEL.NS, the group's flagship firm, rose 2.3% on Wednesday.

(Reporting by Sethuraman NR and Abinaya V; additional reporting by Kashish Tandon in Bengaluru; Editing by Rashmi Aich and Edwina Gibbs)

(([email protected]; 8800437922;))

June 23 (Reuters) - NTPC Ltd NTPC.NS:

• DECLARES COMMERCIAL OPERATION OF UNIT 2 (800 MW) OF PATRATU STPP PHASE-1

Source text: ID:nBSE2DsBNJ

Further company coverage: NTPC.NS

(([email protected];))

May 29 (Reuters) - NTPC Ltd NTPC.NS:

• NTPC - DECLARES COMMERCIAL OPERATION OF 34.4 MW AT RAMAGUNDAM SOLAR PV PROJECT EFFECTIVE 29 MAY 2026

Source text: ID:nBSE5Pj4pF

Further company coverage: NTPC.NS

(([email protected];))

** Renewable energy generator NTPC Green Energy NTPG.NS falls 2.2% to 102.15 rupees

** Q4 consolidated net profit drops 15.5%, revenue from operations rises 46.7% from a year earlier

** Elara Capital downgrades to "sell"; says profitability impacted by a 54% Y/Y increase in depreciation, a 46% rise in finance costs, and a 77% decline in other income

** Ambit Capital says NPTC-G has been stuck in a loop, adding there's been limited growth in the pipeline over the past few quarters

** Centrum says growth visibility remains healthy with strong regulatory tailwinds favouring renewable energy projects, while execution timelines and debt levels remain key monitorables

** Five of 6 brokerages rate the stock "buy" or higher; their median PT is 110 rupees

** YTD, stock up 6.9% vs 14.8% rise in Nifty Energy Index .NIFTYENR

(Reporting by Abhinav Parmar in Bengaluru)

(([email protected];))

Repeats story without changes to text.

By Sethuraman N R

NEW DELHI, May 13 (Reuters) - India's cabinet approved a 375 billion rupee ($3.92 billion) scheme to boost coal gasification projects, reducing reliance on imported fuels and channelling domestic coal into cleaner industrial uses, Information Minister Ashwini Vaishnaw said.

The cabinet decision seeks to encourage the conversion of coal into synthetic gas that can be used to produce power, fertiliser, petrochemical among other industrial applications.

That, in turn, would help reduce India's imports of liquefied natural gas (LNG), urea, ammonia and methanol, Vaishnaw said on Wednesday.

The scheme comes as India's gas imports have been impacted by the Middle East crisis.

Several countries, including the United States and China, are also exploring coal gasification technologies as part of efforts to cut emissions while continuing to rely on coal for energy security.

India, which has one of the world's largest coal reserves of 401 billion tons and 47 billion tons of lignite, aims to gasify about 75 million metric tons of coal annually, Vaishnaw said, with the scheme expected to bring investments of about 3 trillion rupees.

Under the plan, the government will provide financial assistance of around 20% of the cost of plant and machinery.

Interest in the sector is expanding among power producers. State-run power producer NTPC is looking to enter the coal gasification business, with plans to produce between 5 million and 10 million tonnes per annum of synthetic gas over the next three to four years, Reuters reported last year.

India had in 2024 approved an 85-billion-rupee coal gasification incentive scheme.

($1 = 95.7700 Indian rupees)

(Reporting by Sethuraman NR, Hritam Mukherjee and CK Nayak
Editing by Bernadette Baum)

(([email protected]; @MukherjeeHritam;))

May 7 (Reuters) - NTPC Ltd NTPC.NS:

• NTPC - SIGNED AGREEMENT WITH MUNICIPAL CORPORATION OF DELHI AND NTPC EDMC WASTE SOLUTIONS

• NTPC - AGREEMENT FOR TERMINATION OF JOINT VENTURE AGREEMENT

Source text: ID:nBSE1bYDmb

Further company coverage: NTPC.NS

(([email protected];))

By Sethuraman N R

NEW DELHI, April 27 (Reuters) - India ramped up coal and gas-fired power generation last week as peak demand hit a record 256.1 gigawatts (GW) over the weekend amid a heatwave, official data showed.

• India's peak power demand rose to a record 256.1 GW on April 25, up from the previous day's record of 252.08 GW, federal grid data showed.

• India operated about 9.6 GW of gas-fired capacity and ramped up coal-fired generation to around 187 GW, Grid-India data showed.

• NTPC, India's top thermal power producer, is procuring gas through the Indian Gas Exchange and operating plants as advised by Grid-India, an official said.

• Forecasts of the strongest El Nino weather phenomenon in a decade are expected to drive hotter, drier weather across Asia.

• India expects peak power demand to reach around 270 GW this year and is confident of meeting it.

• India is likely to rely more on coal and has deferred maintenance of nearly 10,000 megawatts of coal-fired capacity to July.

• 
  

(Reporting by Sethuraman NR; Editing by Mayank Bhardwaj and Emelia Sithole-Matarise)

(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]))

April 17 (Reuters) - NTPC Ltd NTPC.NS:

• NTPC - NTPC GREEN ENERGY DECLARES COD FOR 150 MW SOLAR IN RAJASTHAN EFFECTIVE APRIL 18, 2026

Source text: ID:nBSE6zBlPL

Further company coverage: NTPC.NS

(([email protected];))

April 10 (Reuters) - NTPC Ltd NTPC.NS:

• NTPC CHAIR: STRUGGLING TO KEEP COAL FIRED POWER PLANTS RUNNING DUE TO SURPLUS RENEWABLE GENERATION

• NTPC CHAIR: SOME GAS BASED POWER PLANTS HARDLY OPERATING AT DOUBLE DIGIT CAPACITY

Source text: [ID:]

Further company coverage: NTPC.NS

(([email protected];;))

April 8 (Reuters) - NTPC Ltd NTPC.NS:

• SIGNS NON-BINDING MOU WITH EDF FOR COOPERATION IN NUCLEAR POWER PROJECTS IN INDIA

Source text: ID:nBSE2z9pDm

Further company coverage: NTPC.NS

(([email protected];;))

April 1 (Reuters) - Pace Digitek Ltd PACD.NS:

• PACE DIGITEK LTD - SECURES BESS EPC ORDER FROM NTPC FOR 200 MW / 400 MWH DEPLOYMENT

• PACE DIGITEK LTD - CONTRACT VALUED AT 4.95 BILLION RUPEES

Source text: ID:nBSE2M1p6x

Further company coverage: PACD.NS

(([email protected];))

March 30 (Reuters) - Enviro Infra Engineers Ltd ENVI.NS:

• ENVIRO INFRA ENGINEERS LTD - RECEIVES LOA FROM NTPC FOR BESS PROJECTS IN TWO STATES

• ENVIRO INFRA ENGINEERS LTD - CONTRACT SIZE IS 4.06 BILLION RUPEES EXCLUDING GST

Source text: ID:nBSE945316

Further company coverage: ENVI.NS

(([email protected];))

By Sudarshan Varadhan

SINGAPORE, March 25 (Reuters) - India has pushed back by a year its plan for coal-fired power plants to lower output when solar generation is high, as regulators work out how to compensate for the higher costs of retrofitting entailed, documents reviewed by Reuters show.

Analysts say lack of flexible generation of coal power as India expands renewable capacity threatens to waste green investments, swell compensation costs and boost emissions from greater coal use that could otherwise have been avoided.

The move comes at a time when the world's second largest user of coal is curbing solar output for lack of dedicated transmission lines, while coal-fired capacity wrestles with operational constraints.

Solar generators told to cut output as India's coal plants could not ramp down could get compensation of as much as $76 million for the eight months ended December, energy think-tank Ember estimates, a cost that will be passed on to consumers.

Government officials blamed the delay of a year on the absence of rules to compensate coal plants for higher costs of maintenance and retrofitting needed to cut the minimum use rate to 40% from 55%, the minutes of a January 16 meeting showed.

Retrofitting coal plants would swell tariffs by as little as 0.28 rupees to 0.60 rupees per kilowatt-hour, versus 5.76 rupees to 6.04 rupees for battery storage, making flexible coal at least 10 times cheaper, the Central Electricity Authority (CEA) said at the meeting.

India's power ministry did not respond to requests seeking comment.

CHINA'S MORE AMBITIOUS COAL PHASEDOWN

Unveiled in 2023 with its first phase making slow progress, the plan is less ambitious than efforts by China, which last year cut the minimum coal plant utilisation rate to a range of 25% to 40% from 50% to 60% to boost renewables use.

Indian state coal plant operator NTPC NTPC.NS warned the January meeting against "accelerated wear and tear of critical equipment" that stems from operating at minimum loads of 40%.

NTPC urged "detailed studies" on ways to cut use to avoid such damage, adding that its new project contracts included the 40% requirement.

But CEA officials responded that other countries' coal plants running at lower levels of output have been shown to operate safely if properly retrofitted.

The federal regulator has yet to approve the higher maintenance costs proposed by CEA, citing lack of operational data, the agency's presentation showed.

Senior officials of the federal power ministry, CEA, the federal regulator, the grid operator, NTPC and industry lobby group Association of Power Producers agreed to study the impact of the plan based on latest cost estimates, the minutes showed.

(Reporting by Sudarshan Varadhan; Editing by Clarence Fernandez)

(([email protected]; +65 91164984;))

India File is published every Tuesday. Think your friend or colleague should know about us? Forward this newsletter to them. They can also subscribe here.

March 24 - By Nidhi C Sai, Editor Online Production, with global Reuters staff

India is bracing for a torrid summer just as the Middle East conflict upends global fuel flows, forcing New Delhi to try every trick in the book to meet peak demand for electricity. That includes accelerating coal power generation, bringing wind power projects to the grid, and speeding up completion of battery energy storage projects.

But with coal producing as much as 75% of its electricity, how India manages the resource will largely determine whether blackouts will be the norm or the exception over the next few months. After cooking gas, will a paucity of power be the next big disrupting factor in the lives of millions of Indians? That’s our focus this week.

And, India's proposal to preload national ID app Aadhaar on smartphones faces pushback. Scroll down for more on that.

THIS WEEK IN ASIA

Japan's core inflation slows below BOJ target, complicates rate communication

China pledges more balanced trade and further opening of the economy after record surplus

Kim Jong Un says North Korea’s nuclear status is irreversible, threatens South

Australia, EU seal long-awaited trade deal amid global trade tensions

Vietnam Communist Party meets, with new state leaders set to be nominated

LOVE AFFAIR WITH COAL REKINDLED

A hotter-than-normal summer beckons, with the Indian meteorological service predicting an above-average number of heatwave days in April-June this year. Power demand is expected to touch a record 270 gigawatts during the season, government estimates show.

While the summer months would even otherwise stretch the country’s power system during peak demand, what has made the situation acute this year is the Middle East conflict, which has squeezed gas supplies. While gas accounts for only around 2% of its total power generation, India uses about 8 GW of gas power during peak-demand periods or heat waves.

That has sent New Delhi and states scrambling to shore up coal-fired power, which the South Asian nation is trying to reduce over the longer term as it meets its decarbonisation commitments.

The western state of Gujarat set the ball rolling by approving last week a revised power supply pact with Tata Power TTPW.NS and clearing the way for the company to resume long-term supply from its 4 GW Mundra power plant. Built to run on imported coal, the plant has sat idle for months as government compensation rules expired.

The central government has now mandated the Mundra power plant to run at full capacity from April 1 to June 30 and could extend the directive to other plants running on imported coal depending on the demand.

India is the world's second-largest producer and consumer of coal. It has 210 million tons of coal stock, enough for 88 days of consumption, and the government has instructed coal-based utilities to avoid outages, bring units back from maintenance and be ready to run flat-out.

Prime Minister Narendra Modi said on Monday that India has adequate coal supplies to meet rising electricity demand despite energy disruptions triggered by the Middle East conflict.

Gas is the weak link. India has invoked emergency clauses to divert scarce gas to households and fertiliser plants.

Read our last India File edition which looks at the struggle by households and businesses to adapt to the cooking gas supply crunch.

Gas supplies from Qatar and Abu Dhabi have been hit by the U.S.-Israeli war on Iran, forcing suppliers to declare force majeure and freezing India's summer liquefied natural gas (LNG) tenders. And top utility NTPC NTPC.NS says it cannot offer gas-fired generation during April-June.

The Middle East conflict has forced Asian utilities from Bangladesh to Japan to switch back to coal as LNG prices double and shipments through the Strait of Hormuz stall.

OPTIMISM ON BATTERY POWER

Longer term, India's National Generation Adequacy Plan forecasts a quadrupling of solar and tripling of wind by 2035-36, pushing non-fossil capacity to 786 GW and reducing coal’s share of generation to below 50%.

That transition assumes sharp growth in storage, with pumped hydro expected to surge 13-fold and battery storage to hit 80 GW by 2035-36 from 0.27 GW currently.

The growth potential is already drawing heavyweight interest. Tesla TSLA.O has begun recruiting for its India energy-storage business, joining the Reliance and Adani groups in building utility-scale storage.

The government is also working on speeding up completion of battery energy-storage projects to meet demand in summer evenings, when solar generation fades but cooling demand from households remains high.

"About 2.5 gigawatt hours of battery storage is already under commissioning, and we hope that gets commissioned very fast," Power Secretary Pankaj Agarwal told Reuters.

India’s all-fuels-on-deck mobilisation - coal at maximum output, renewables eased into the grid, and storage accelerated - is its first stress test of what a power system looks like when hit by the double whammy of climate and geopolitical volatility.

What does a truly secure power system look like for India? Write to me at [email protected]

MARKET MATTERS

Foreign selling in Indian equities surged in early March, with financial stocks leading the heaviest fortnightly outflows in 17 months and dragging the Nifty 50 .NSEI to its worst two-week stretch since the COVID-19 market rout of March 2020.

Read this report by Reuters journalist Bharath Rajeswaran.

THIS WEEK'S MUST READ

India’s government privately proposed that smartphone makers such as Apple AAPL.O, Samsung 005930.KS and Google consider pre-installing the Aadhaar identification app on devices to expand access, but the move faced strong pushback from industry groups citing security, cost and production concerns.

Companies argued mandatory preloads would require separate manufacturing lines and offer limited public benefit, highlighting growing tensions between New Delhi and tech firms over government-backed apps on smartphones.

Read this exclusive report by Reuters journalists Aditya Kalra and Munsif Vengattil.

(Reporting by Nidhi C Sai; Editing by Muralikumar Anantharaman)

(([email protected]; +91 70456 55251))

March 19 (Reuters) - NTPC Ltd NTPC.NS:

• NTPC - SIGNS MOU WITH OCTOPUS ENERGY GROUP FOR STRATEGIC COLLABORATION

Further company coverage: NTPC.NS

(([email protected];))

March 10 (Reuters) - NTPC Ltd NTPC.NS:

• DECLARATION OF COD OF SECOND PART CAPACITY OF 91.6 MW OUT OF 250 MW SOLAR PV PROJECT LOCATED IN ANDHRA PRADESH

Source text: ID:nNSE7Gd3kt

Further company coverage: NTPC.NS

(([email protected];))

MUMBAI, March 9 (Reuters) - India's North Eastern Electric Power Corporation (NEEPCO) accepted bids worth 4 billion rupees ($43.32 million) for the sale of staggered redemption bonds maturing in 10 years, three bankers said on Monday.

The state-run firm will pay a coupon of 7.74% and had invited commitment bids for the issue earlier in the day, they said. The bonds will have a call option after five years, they added.

NEEPCO did not respond to a Reuters email seeking comment.

Here is the list of deals reported so far on March 9:

*Size includes base plus greenshoe for some issues

($1 = 92.3350 Indian rupees)

(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Janane Venkatraman)

(([email protected], [email protected]))

MUMBAI, March 5 (Reuters) - India's North Eastern Electric Power Corporation (NEEPCO) plans to raise at least 7.5 billion rupees ($81.85 million), including a greenshoe option of 5 billion rupees, through the sale of staggered redemption bonds maturing in 10 years, three bankers said on Thursday.

The state-run firm invited coupon and commitment bids for the issue on Monday, they said. The bonds will have a call option after five years, they added.

NEEPCO did not immediately respond to a Reuters email seeking comment.

Here is the list of deals reported so far on March 5:

*Size includes base plus greenshoe for some issues

($1 = 91.6275 Indian rupees)

(Reporting by Dharamraj Dhutia, Khushi Malhotra; Editing by Harikrishnan Nair)

(([email protected], [email protected]))