NTPC shares in focus after Tanda Thermal Power Station Stage-I shutdown – News Air Insight

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Shares of state-run power generator NTPC are likely to be in focus on Friday after the company announced the permanent discontinuation of operations at its Tanda Thermal Power Station, Stage-I, effective September 1.

NTPC Ltd, India’s largest power producer, said it has permanently shut down four units of 110 MW each at Tanda Stage-I. The move followed approval from the competent authority and a formal communication to the Central Electricity Authority (CEA) on September 4.

“Consequent upon the due approval of the competent authority and communication dated September 4, 2025, to the Central Electricity Authority, it is hereby informed that operations of NTPC Tanda Thermal Power Station, Stage-I, comprising four units of 110 MW each, have been permanently discontinued with effect from September 1, 2025,” the company said in an exchange filing.

With this development, NTPC’s total installed and commercial capacity stands at 82,926 MW. The shutdown is part of the company’s ongoing portfolio optimisation strategy, with a sharper focus on cleaner and more efficient energy sources.

Stock performance and technical view

NTPC shares have struggled in recent months, slipping 1% so far in 2025 and losing over 18% in the past year.

On the technical charts, the stock trades below all eight key simple moving averages (5-day through 200-day), reflecting bearish undertones across both short- and long-term trends.

The Relative Strength Index (RSI) stands at 43.4, suggesting the stock is neither overbought nor oversold. Meanwhile, the Moving Average Convergence Divergence (MACD) is at -1.3, below both the center and signal lines, further underscoring weak momentum.

Earnings snapshot

In July, NTPC reported an 11% year-on-year rise in Q1FY26 net profit at Rs 6,108 crore, compared with Rs 5,506 crore in the same quarter last year. However, revenue from operations declined 3% to Rs 47,065 crore from Rs 48,529 crore a year earlier.

Sequentially, profit after tax dropped 23% from Rs 7,897 crore in Q4FY25, while revenue fell 5.5% from Rs 49,834 crore.

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(Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times)

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