NTPC Ltd. has drawn up its most ambitious expansion roadmap yet, earmarking nearly ₹17 lakh crore (around $178 billion) for capital expenditure through FY2037 as it accelerates its transformation into a diversified energy company with a strong focus on nuclear power, renewables and energy storage.
The state-owned power major aims to increase its installed generation capacity to 250 GW by 2037, up from its current portfolio of around 80 GW. While coal-based generation will continue to play a role in meeting India’s rising electricity demand, a significant share of the planned investment will be directed towards renewable energy, nuclear power projects, battery energy storage systems and transmission infrastructure, reflecting the company’s long-term clean energy strategy.
As part of the expansion plan, NTPC is targeting 60 GW of renewable energy capacity by 2032, while also pursuing an aggressive nuclear power programme through its subsidiaries and joint ventures. The company expects these investments to support India’s growing power requirements, strengthen grid reliability and advance the country’s energy transition goals.
The investment programme comes at a time when electricity demand in India continues to rise, driven by rapid industrialisation, urbanisation and increasing electrification across sectors. By substantially expanding its generation portfolio over the next decade, NTPC is positioning itself to remain the country’s largest integrated power utility while broadening its presence across conventional and clean energy segments.
