India's NTPC falls after chairman flags stress on coal, gas plants

NTPC

10/04/2026 09:19

** Shares of India's NTPC NTPC.NS down 1.54% at 373.25 rupees

** Stock falls after the power utility's chairman says coal-fired plants are struggling due to surplus renewable generation

** Adds that some gas-based plants are operating at barely double-digit capacity

** Twenty-four analysts, on average, have rated NTPC "buy", with a median target price of 426 rupees, according to data compiled by LSEG data

** YTD, NTPC stock up ~15%

 (Reporting by Devika Nair in Bengaluru)

 ((Devika.MadhusudhananNair@thomsonreuters.com;))