NTPC approves ₹5,821.9 crore battery storage project
after close1 source ↓written by the desknot a recommendation
- investment
- ₹5,821.9 crore
- in equity
- ₹3,173.67 crore
NTPC Limited's Board approved a ₹5,821.9 crore investment for a 4.70 GWh Battery Energy Storage System to enhance grid stability and renewable energy integration. This project aims to improve peak demand management and ensure reliable power supply as India transitions to cleaner energy sources.
Additionally, the Board sanctioned ₹3,173.67 crore in equity for the Meja joint venture, further supporting NTPC's growth strategy.
Not investment advice. For informational purposes only.