NTPC board approves Rs 20,456.70 crore for Lara StageIII thermal project in Chhattisgarh

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NTPC's board approved a major Rs 20,456.7 crore capex for the 1.6GW Lara Stage III thermal project, strengthening medium-term capacity growth but adding execution, timeline and funding uncertainty. The update also highlights a strategic push for more flexible thermal operations to support renewable integration, a grid-stability positive. FY26 Q4 net profit beat expectations, partially offsetting concerns around softer realizations and margin pressure.
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NTPC’s board on 11th July 2026 cleared an investment proposal of Rs 20,456.7 crore for the Lara Super Thermal Power Project, StageIII in Chhattisgarh, adding 1,600 MW through two 800 MW units. The company did not provide the commissioning timeline or funding details for the project. Separately, NTPC reported a 15% year-on-year rise in net profit to Rs 8,747.3 crore for the March quarter. The profit came in well above the Rs 6,241 crore estimate in the CNBCTV18 poll.