Investment28 March 2026 at 07:32 am
NTPC Ltd. Approves Rs. 5,821.90 Crore Investment in Battery Energy Storage System and Additional Equity Commitment in Meja Urja Nigam Private Limited
AI Summary
In a recent board meeting, NTPC Ltd. approved an investment proposal for a Battery Energy Storage System (BESS) with a total capacity of 4.70 GWh, costing approximately Rs. 5,821.90 Crore. Additionally, the board approved an additional equity commitment of Rs. 3,173.67 Crore in Meja Urja Nigam Private Limited (MUNPL), a joint venture company of NTPC and Uttar Pradesh Rajya Vidyut Utpadan Nigam Limited (UPRVUNL), for setting up Meja Super Thermal Power Project Stage-II. This investment will increase NTPC's total equity commitment in MUNPL to Rs. 5,000 Crore.
Key Highlights
- NTPC approved an investment of Rs. 5,821.90 Crore for a Battery Energy Storage System (BESS)
- NTPC also approved an additional equity commitment of Rs. 3,173.67 Crore in Meja Urja Nigam Private Limited (MUNPL)
- This investment will increase NTPC's total equity commitment in MUNPL to Rs. 5,000 Crore
- The investment in MUNPL is for setting up Meja Super Thermal Power Project Stage-II
- The transaction is a related party transaction but does not fall within the ambit of a Related Party Transaction under SEBI (LODR) Regulations, 2015
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