President of an India-backed power company and MAHAGENCO concludes acquisition of 1350 MW Sinnar Thermal Power Plant
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The stock is up by 27 per cent from its 52-week low of Rs 292.70 per share and has given multibagger returns of 260 per cent in 5 years.
The consortium of NTPC Limited and Maharashtra State Power Generation Company Limited (MAHAGENCO) has successfully completed the acquisition of Sinnar Thermal Power Limited (STPL) on February 24, 2026. This acquisition follows the Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016, and was executed in accordance with the Resolution Plan approved by the National Company Law Tribunal (NCLT).
The STPL facility, located in Sinnar, Nashik, Maharashtra, consists of a coal-based thermal power plant with a total capacity of 5 x 270 MW, amounting to 1350 MW. This strategic integration marks a significant milestone in the resolution process for the asset. With the formal conclusion of this transaction, the total installed capacity of the NTPC group has increased to 88,132 MW, while its total commercial capacity now stands at 87,052 MW.
About the Company
NTPC Ltd, including its subsidiaries, associates, and Joint Ventures, primarily focuses on the generation and sale of bulk power to State power utilities, while also diversifying its operations into consultancy, project management, energy trading, oil and gas exploration, and coal mining. In line with its clean energy objectives, NTPC is now venturing into the nuclear energy sector, having established ASHVINI, a joint venture with Nuclear Power Corporation of India Ltd., specifically for the development of nuclear power projects.
The President of India owns the majority of the stake (51.10 per cent). Talking about the financials, NTPC Ltd has a market cap of over Rs 3.7 lakh crore and reported positive numbers in its financial results (Q3FY26 & 9MFY26). The company has been maintaining a healthy dividend payout of 37.4 per cent. The stock has a PE of 15x whereas the sectoral PE is 26x with an ROE of 12 per cent and an ROCE of 10 per cent. The stock is up by 27 per cent from its 52-week low of Rs 292.70 per share and has given multibagger returns of 260 per cent in 5 years.
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