Pratyush Deep; Bhaskarsarma · Business · 2026-08-29
How India’s top thermal power producer is making more profits — from renewables
For many years now, NTPC’s profits have grown more rapidly than its revenues. What explains that mismatch? The answer, ironically enough, lies in the growing share of renewable energy in India. How India’s top thermal power producer is making more profits — from renewables.
Why it matters. Understanding how traditional thermal power giants improve profitability through renewables is crucial for analyzing India's evolving energy sector and corporate transition strategies.
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