NTPC Limited has scheduled its 50th Annual General Meeting (AGM) for Thursday, August 27, 2026 at 10:30 A.M. (IST) through Video Conferencing (VC)/Other Audio Visual Means (OAVM). The company simultaneously released its Integrated Annual Report 2025-26, which captures a landmark year of financial outperformance, record capacity additions, and accelerated clean energy transition.

Record Financial Performance in FY 2025-26

NTPC delivered its highest-ever consolidated Profit After Tax during FY 2025-26, driven by capacity additions, favourable tariff orders, and the second amendment to CERC Tariff Regulations, 2024. The following table summarises key financial highlights:

Revenue from operations on a standalone basis decreased by 2.67% primarily due to lower Energy Sent Out (ESO) of 327.448 BU in FY 2025-26 compared to 347.292 BU in FY 2024-25, reflecting subdued power demand at coal power stations. This was partly offset by commissioning of new capacities and favourable tariff orders.

Dividend and Capital Expenditure

The Board has recommended a final dividend of ₹3.50 per equity share (35%) for FY 2025-26, subject to shareholder approval at the ensuing AGM. Combined with two interim dividends of ₹2.75 per share each, the total dividend for the year amounts to ₹9.00 per share — representing a dividend payout ratio of approximately 37.68% and marking the 33rd consecutive year of dividend declaration.

Group capital expenditure (CAPEX) including Joint Ventures and Subsidiaries rose to ₹55,985.82 crore in FY 2025-26 from ₹48,594.59 crore in FY 2024-25. On a standalone basis, CAPEX reached ₹26,082.85 crore. Investments in non-fossil and transition-related assets amounted to ₹25,127.52 crore, representing 51% of total capital expenditure, up from 24% in the previous year.

Operational Highlights

FY 2025-26 marked a significant milestone in NTPC's growth journey, with the highest-ever annual capacity addition since inception.

The Group's generation portfolio remained well diversified, with thermal stations contributing 399.34 BU, while Hydro, Renewable and Pumped Storage Projects contributed 14.46 BU, 17.16 BU and 1.22 BU respectively. Renewable capacity registered a growth of 52% during the year, with NTPC crossing 10 GW of installed renewable energy capacity.

AGM Details and E-Voting Schedule

The 50th AGM will be conducted through VC/OAVM in compliance with applicable MCA and SEBI circulars. Key businesses to be transacted include adoption of audited financial statements, confirmation of interim dividends and declaration of final dividend, re-appointment of directors retiring by rotation, and a special resolution for raising funds up to ₹12,000 crore through Non-Convertible Debentures on private placement basis.

The Integrated Annual Report 2025-26 and the Notice of the 50th AGM are available on the Company's website under "Investors Update" at www.ntpc.co.in . The Company Secretary and Compliance Officer is Ms. Ritu Arora.

Strategic Outlook and Clean Energy Transition

NTPC's Corporate Plan targets a total installed capacity of 149 GW by 2032, including 60 GW from renewable energy sources, with a further aspiration of reaching 244 GW by 2037. As of March 31, 2026, projects with an aggregate capacity of 34,188 MW were under implementation. The company has also made significant progress in nuclear energy through the Mahi Banswara Rajasthan Atomic Power Project (4×700 MW) via its joint venture ASHVINI with NPCIL, and has incorporated NTPC Parmanu Urja Nigam Limited (NPUNL) as a wholly owned subsidiary for future nuclear development. During FY 2025-26, the company's S&P Corporate Sustainability Assessment (CSA) score improved to 50, against the global average of 41, while its MSCI ESG rating was upgraded two notches from 'CCC' to 'BB'.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE733E01010/0e248ca6c497415e.pdf

NTPC Limited has submitted its Business Responsibility and Sustainability Report (BRSR) for the financial year 2025-26 to the stock exchanges on August 4, 2026, in compliance with Regulation 34(2)(f) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The report, prepared on a standalone basis covering the period April 1, 2025 to March 31, 2026, has been independently assured by TUV India Private Limited under a reasonable assurance framework. The report is available on the company's website under the "Investors Update" section.

Entity Overview and Financial Parameters

Incorporated in 1975, NTPC Limited is headquartered at NTPC Bhawan, SCOPE Complex, 7 Institutional Area, Lodi Road, New Delhi – 110003, with a Corporate Identification Number of L40101DL1975GOI007966. The company's paid-up capital stands at ₹9,696.67 crore. Key financial parameters disclosed under the CSR section for FY 2025-26 are as follows:

Operations and Business Activities

NTPC operates 36 locations nationally (34 operational plants, one under construction, and one under phased commissioning), with no international operations. The company serves customers across 34 states and union territories. Electricity generation and distribution accounts for 97.46% of total turnover, with the product-wise breakdown as follows:

Exports as a percentage of total turnover for FY 2025-26 stood at 0.0029%. NTPC supplies electricity primarily to State Electricity Distribution Companies (DISCOMs), State Electricity Boards, State Power Departments, Indian Railways, and private distribution companies through long-term power purchase arrangements.

Workforce and Inclusion

As at the end of FY 2025-26, NTPC's total workforce comprised 12,220 employees and 1,15,030 workers. The company's Board of Directors had 13 members, of whom 1 (7.69%) was female, while among 12 Key Management Personnel, 1 (8.33%) was female. Turnover rates for permanent employees and workers across three financial years are presented below:

The company reported 270 differently abled employees and 904 differently abled workers as at the end of FY 2025-26. Wellbeing expenditure as a percentage of total revenue was 1.11% in FY 2025-26, compared to 0.95% in FY 2024-25.

Environmental Performance

NTPC's environmental disclosures for FY 2025-26 reflect the company's ongoing efforts across energy, water, emissions, and waste management. Key environmental metrics are summarised below:

Total water consumption declined by 7.33% from FY 2024-25, attributed to enhanced water-use efficiency measures and increased recycling. SOx emissions reduced by 22.28% from FY 2024-25 following installation of Flue Gas Desulphurization (FGD) units. Renewable energy consumption increased by 172% largely on account of increased biomass use. Total energy saved in operations during FY 2025-26 was 4,516.23 TJ. NTPC has planted over 41 million trees cumulatively till March 31, 2026.

Safety Performance

NTPC's occupational health and safety management system is aligned with ISO 45001:2018. Key safety metrics for FY 2025-26 compared to FY 2024-25 are as follows:

Governance, Ethics, and Stakeholder Engagement

NTPC reported zero confirmed cases of bribery and corruption during FY 2025-26. The company holds ISO 37001:2016 Anti-Bribery Management Systems certification and has an Anti-Bribery and Anti-Corruption (ABAC) Policy in place. Monetary penalties recorded during FY 2025-26 included a GST-related penalty of ₹1,31,358 and a separate GST order of ₹89,094 related to a mismatch in outward liability; no appeals were preferred in either case. No non-monetary penalties, imprisonment, or punishment were recorded.

NTPC's grievance redressal framework covers communities, investors, shareholders, employees, customers, and value chain partners. Community complaints filed during FY 2025-26 stood at 124, all resolved with zero pending at year-end, compared to 112 filed in FY 2024-25 with 10 pending. Investor grievances reduced significantly from 650 in FY 2024-25 to 2 in FY 2025-26, attributed to bonus and debentures that matured in March 2026. The company recorded zero data breaches during the reporting period.

Sustainability Targets and CSR

NTPC has embedded sustainability commitments across its business strategy, with the following key long-term targets:

• Renewable Energy: Achieve 60 GW of renewable energy capacity by FY 2032
• Energy Intensity: Reduce energy intensity by 12% by FY 2032
• Water Consumption: Reduce specific water consumption by 34% by FY 2032
• Afforestation: Plant 1 million tree saplings per year
• Community Beneficiaries: Increase cumulative beneficiaries of community development projects to 18 million people by FY 2032
• Health and Safety: Committed to reducing fatality rate to zero
• Ethics: Zero cases of adverse business ethics

CSR beneficiaries of community development projects during FY 2025-26 totalled 22,13,308, of whom approximately 80.94% were from vulnerable and marginalized groups. Procurement from MSMEs stood at 64.92% of total procurement by value, with SC/ST procurement at 1.02% and women entrepreneur procurement at 4.12% during FY 2025-26. The company is affiliated with 25 trade and industry chambers and associations, including FICCI and CII, all with national reach.