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In the energy world, batteries are the new oil. And whoever controls the raw materials—lithium, cobalt, rare earths—wins the next round. NTPC just took a step in that direction.
Its mining arm has teamed up with CSIR-IMMT to work on critical minerals. No big bang announcement, no stock spike. But behind the scenes, it's a play for long-term energy security.
What's happening
NTPC Mining has signed an MoU with the government-backed CSIR-Institute of Minerals and Materials Technology (IMMT). The aim? Joint research on how to find, extract, and process critical minerals like lithium and rare earths.
They'll also explore ways to mine more sustainably and even turn mining waste into useful materials.
This isn't about producing something next quarter. It's about setting up basecamp for a much longer climb.
Why it matters
India imports most of its critical minerals. That's risky, especially when the world is racing toward electric vehicles, solar panels, and grid storage, all of which need these metals.
For NTPC, having a foot in this space means optionality. It could support its own clean energy projects, reduce dependency, and even benefit if India formalises incentives for domestic mineral exploration.
It's early—but it's smart.
What NTPC does
NTPC is India's largest power producer, best known for its coal-fired plants. But the past few years have seen a shift. It's now building out renewables, storage, and mining capacity. With a listed market cap of Rs 3.3 lakh crore, it's a PSU that's slowly rewriting its own script.
NTPC by the numbers
| Metric | Value |
|---|---|
| Market cap | Rs 3,31,820 cr |
| Revenue (TTM) | Rs 1,85,892 cr |
| Net profit (TTM) | Rs 21,980 cr |
| ROE | 13.9 per cent |
| ROCE | 10.6 per cent |
| P/E ratio | 15.1 |
| P/B ratio | 1.9 |
| Industry P/E | 12.64 |
| EV/EBITDA | 10 |
| Dividend yield | 2.3 per cent |
| Debt to equity | 1.5 |
| EPS | Rs 21.4 |
Value Research Online ratings
-
Overall:
2/5
-
Quality:
3/10
-
Growth:
7/10
-
Valuation:
4/10
- Momentum: 3/10
While NTPC shows decent growth potential, its quality, valuation, and stock momentum are currently uninspiring.
What investors should know
Don't expect fireworks on the stock just yet. This is a slow-burn story. But NTPC has already proven it's more than just a thermal player.
Over the past year, the stock has surged over 60 per cent, supported by strong earnings, renewables push, and growing investor confidence.
This new collaboration just adds another layer. If executed well, it could give NTPC a strategic edge in the clean energy value chain.
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Disclaimer: This is not a stock recommendation. This story was created with the assistance of artificial intelligence and is intended for informational purposes only. Please take it with a pinch of salt and do your own research or consult a financial advisor before making investment decisions.
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