NTPC Group Capacity Rises to 88,132 MW After STPL Takeover

NTPC Limited, in consortium with Maharashtra State Power Generation Company Limited (MAHAGENCO), has completed the acquisition of Sinnar Thermal Power Limited (STPL) on February 24, 2026. 

The acquisition was executed under the Corporate Insolvency Resolution Process (CIRP) in accordance with the Insolvency and Bankruptcy Code (IBC), 2016, following approval of the Resolution Plan by the National Company Law Tribunal (NCLT).

Details of the Power Asset

STPL owns a coal-based thermal power plant with a total capacity of 5x270 MW, aggregating 1,350 MW, located at Sinnar in Nashik, Maharashtra. The addition of this operational asset strengthens NTPC’s conventional power generation portfolio and enhances its presence in the western region of India.

The revival of the stressed asset under the IBC framework also reflects the effectiveness of the resolution mechanism in restoring value and ensuring continuity of power supply infrastructure.

Impact on NTPC’s Capacity

With the completion of the transaction, the total installed capacity of the NTPC Group has increased to 88,132 MW, while its commercial capacity now stands at 87,052 MW. The acquisition aligns with NTPC’s strategy to expand its generation base while optimising asset utilisation.

Transfer of Coal Mines to Subsidiary

Earlier this month, the company informed the exchanges that the transfer of its coal mining business to NTPC Mining Limited (NML), a wholly owned subsidiary, has been implemented with effect from February 1, 2026, instead of January 31, 2026 as previously stated. 

As part of this phased restructuring, the Dulanga Coal Mine located in Sundergarh district, Odisha, and the Talaipalli Coal Mine situated in Raigarh district, Chhattisgarh, have been officially transferred to NML. 

NTPC Share Price Performance

On February 25, 2026, NTPC share price opened at ₹382.75, touching the day’s high at ₹388.55, as of 12:46 PM on the NSE.

Also Read: NTPC Takes Full Control of PTC India as PFC, PowerGrid, NHPC Exit Management!

Conclusion

The successful takeover of STPL marks a significant step in NTPC’s growth journey. By adding 1,350 MW to its portfolio, NTPC further consolidates its leadership position in India’s power sector while contributing to energy security and infrastructure stability.

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