Investor Presentaiton
Why to Invest in NTPC
FY20 marked beginning of Reversal in CWIP ratio
एनटीपीसी
NTPC
300000
PPE
250000
160%
CWIP % of PPE & CWIP
140%
120%
200000
100%
150000
80%
60%
100000
38%
42%
-42%
45%
39%
-42%
40%
50000
32%
29%
24%
19%
20%
0
0%
FY14
FY15
FY16
FY17
FY 18
FY19
FY20
FY21E
FY22E
FY23E
Expansion in Regulated Equity
Regulated Equity (* crore)
FY23E
FY20
61,811
FY19
53,989
FY18
50,921
FY17
44,049
FY16
41,420
50,000
1,00,000
All financial figures on standalone basis.
☐
FY20 marked beginning of Reversal in
CWIP ratio and this will continue due to
accelerated commercialization
Fall in CWIP ratio will lead to ROE
expansion as the equity blocked in CWIP
starts earning
Growth will continue and the turnaround
from CWIP to PPE would be quicker in
Renewable energy projects
D::
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