Amazon Great Indian Festival 2020 - Electronics
Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Amazon Great Indian Festival 2020 - Electronics

| More

NTPC - Sustainability targets encouraging - ICICI Securities

Posted On: 2020-09-16 08:49:34

NTPC's thrust on better compliance and disclosures, integrated reporting and target-based sustainability strategy is aimed at improving its ESG compliance to global requirements. Company's FY20 integrated annual report is based on International Integrated Reporting Council (IIRC) standards (along with references to other frameworks) and contains key sustainability-related information. Its recently-released sustainability targets through a plan named The Brighter Plan 2032, which focuses on seven key areas, is a step in the right direction. With its vision to become one of the world's leading integrated power companies by CY32, a target-based approach was necessary and the CY32 plan (combined with the existing target of 130GW capacity by the same year) is designed to meet the purpose. Focus on the plan is expected to help the company improve its ESG scores and bring it at par with some of its global peers. Maintain BUY with an unchanged target price of Rs165.

- Focus on improvement in ESG compliance to bring NTPC at par with global peers: NTPC's portfolio of coal assets has been a major factor behind its currently sub-optimal ESG ratings. However, the company is working towards improving its ESG compliance, trying to bring it at par with global peers through a host of initiatives, plans and targets. Key areas of focus in the past few months have been: 1) improved disclosures: NTPC's FY20 annual report is an integrated report, which adheres to standards laid down by the IIRC while simultaneously referencing other frameworks too; 2) sustainability-improvement targets set through The Brighter Plan 2032: NTPC's vision to become one of the foremost global power companies by CY32 calls for significant thrust on clean, green and sustainable growth; 3) improved compliance and continuous pursuit of superior efficiency parameters through significant investments; 4) continued thrust on CSR and community development; 5) management becoming more vocal about the company's already existing sustainability-related achievements and its future plans.

- The Brighter Plan 2032: NTPC's sustainability strategy titled The Brighter Plan 2032 sets short-term goals for CY22 and long-term for CY32 in seven focus areas: 1) de-carbonisation & air emissions control; 2) water & biodiversity conservation; 3) health and safety; 4) circular economy; 5) community development; 6) strong finance & ethics; 7) sustainable supply chain - with thrust on improvement in 24 key parameters.

- Green, sustainable growth, focusing on maximising stakeholder value: NTPC's plan to achieve 130GW capacity by FY32 includes increasing the 'clean sources' pie of its capacity mix, i.e. renewables (solar, wind, hydro) and gas from ~17% currently to 40.2% in FY32, aiming to become the country's largest RE player. It is also taking several initiatives to reduce carbon footprint / emissions from its existing coal-based plants while working on several other areas that are ultimately aimed at maximising stakeholder value.

- Maintain BUY: With standalone EPS for FY21E/FY22E/FY23E at Rs12.3/Rs16.5/Rs18.5, and consolidated EPS at Rs14/Rs18.5/Rs21, respectively, we maintain BUY on NTPC with the target price unchanged at Rs165/share. Stock is trading at 5.9x FY22E standalone P/E, 0.7x P/BV and 6.5% dividend yield.

Shares of NTPC LTD. was last trading in BSE at Rs.89.7 as compared to the previous close of Rs. 91. The total number of shares traded during the day was 581406 in over 2669 trades.

The stock hit an intraday high of Rs. 92.2 and intraday low of 89.4. The net turnover during the day was Rs. 52469448.

Source: Equity Bulls

Click here to send ur comments or to

Amazon Great Indian Festival 2020 - Mobiles

Disclaimer:The article above is a gist / extract of the original report prepared by the research firm / brokerage firm. This article is not to be considered as an offer to sell or a solicitation to buy any securities. This article is meant for general information only., its employees or owners or the research firms, its employees or owners won't be responsible for any liability that may arise from information, errors or omissions in these articles. or its employees or owners / the research firms or its employees or clients or owners may from time to time hold positions in securities referred in this article. For detailed research reports, please contact the concerned research firm directly.

Other Headlines:

Kajaria Ceramics - Q2FY21 First Cut - ICICI Securities

Quant Pick - Larsen & Toubro - ICICI Securities

Hindustan Unilever - Q2FY21 First Cut - ICICI Securities

Hindustan Zinc - Q2FY21 First Cut - ICICI Securities

Dhanuka Agritech - Buy back - Angel Broking

Equitas SFB IPO - Day 1 Subscription - Angel Broking

Dr. Reddy's lab relaunch of OTC product - Angel Broking

Hindustan Unilever Ltd - Q2FY21 Results - Angel Broking

Hindustan Unilever Ltd - Q2FY21 Results - YES Securities

Maintain BUY on ACC - Strong cost controls cushion earnings - HDFC Securities

Equitas Small Finance Bank (ESFB) - Subscribe - YES Securities

Granules India - Q2FY2021 results - Angel Broking

Sunteck Realty - Acquisition of 50 acres - Angel Broking

Maintain BUY on Oberoi Realty - Sharp recovery - HDFC Securities

L&T bidding for rail corridor - Angel Broking

Maintain REDUCE on L&T Technology Services - Recovery priced in - HDFC Securities

India IT Services - Thematic - Rising 5G Adoption to Industrialize Digital Services & Connectivity - Reliance Securities

L&T Technology Services - Q2FY21 Result - Angel Broking

L&T Technology Services - 'Multiple' headwinds - ICICI Securities

HDFC Life Insurance Company - Recovery well on track post Covid-19 dip - ICICI Securities

ACC - Strong execution - third time in a row - ICICI Securities

Tata Communications - Keeping faith on sales funnel for revenue growth - ICICI Securities

Hatsun Agro Products - Healthy revenues; strong margins - ICICI Securities

Amber Enterprises Ltd - Business Update Call - YES Securities

Key Takeaways from Q2FY21 earnings call of Shoppers Stop - YES Securities

CSB Bank Q2 FY21 - Not Rated - YES Securities

Britannia Industries 2QFY21 results - YES Securities

HDFC Life Insurance - Q2FY21 Results - YES Securities

ACC Ltd - Q3CY20 Results - YES Securities

IPO Review - Equitas Small Finance Bank - ICICI Securities

Rallis India - Q2FY21 First Cut - ICICI Securities

ACC Ltd - Q3CY20 First Cut - ICICI Securities

Equitas Small Finance Bank Limited - Strongly developing from a microfinance to small bank... - Geojit

Britannia Industries - Q2FY21 Results - Angel Broking

Rallis India - Q2FY21 Results - Angel Broking

Equitas Small Finance Bank - IPO Note - Angel Broking

ACC Ltd - Q3CY20 Result - Angel Broking

Oberoi Realty - Q2FY21 Result - Angel Broking

Tata Communications - Q2FY21 Result - Angel Broking

India trade deficit for September 2020 - Angel Broking

Route Mobile - 19th October 2020 - Angel Broking

Thomas Cook India and SOTC partner with Accor - Launch Holiday Safe

Alembic Pharmaceuticals - USFDA approval for Amantadine Hydrochloride Tablets - Angel Broking

Maintain REDUCE on Avenue Supermarts - Recovery tracking well - HDFC Securities

HDFC Bank - Q2FY21 Result - Angel Broking


Bajaj Consumer Care - Faster-than-expected recovery - ICICI Securities

HCL Technologies - Strong quarter; modest near-term outlook - ICICI Securities

Shoppers Stop - Strengthening balance sheet & inducting new MD - ICICI Securities

Alkem Laboratories - Outlook remains strong - ICICI Securities

Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2019