Desk note · industry · Power / industrials
On 11 October 2026 NTPC invited expressions of interest from industrial users willing to hold 26% equity in co-generation projects that supply both steam and electricity, often paired with coal, renewables, and battery storage under long-term supply deals.
On 11 October 2026, NTPC Limited called for expressions of interest from commercial and industrial companies ready to invest 26% equity in co-generation projects. The plants would produce steam and electricity together for factory campuses, bundled with broader power supply packages that can mix coal, renewables, and battery energy storage. NTPC framed the offer as a response to industries chasing energy security, cost control, and lower emissions from a single onsite system rather than buying grid power and boiler fuel separately.
Co-generation captures waste heat from power production to run process steam, which can cut fuel bills for cement, chemicals, textiles, and food plants. A public-sector generator leading the tie-up gives banks a familiar counterparty while the industrial partner shares capex and offtake risk. The 26% equity slice is large enough to align incentives without handing operators full plant control. NTPC already runs more than 91 GW of capacity with over 35 GW under construction and targets 149 GW by 2032, including 60 GW from renewables. This EOI is a commercial format experiment, not a tariff order, so terms will vary by site.
If you manage a power-hungry factory, compare onsite co-gen quotes with open-access renewable contracts and grid tariffs. If you supply turbines, boilers, or storage, NTPC-led bundles could open multi-year EPC work. Households will not bid on the EOI, but steadier industrial power costs feed into prices for metals, cement, and packaged goods. Watch which sectors sign first, how regulators treat cross-subsidy between steam and power accounts, and whether state discoms challenge long-term bilateral deals.
Telecom / IPO
On 22 October 2026, exchange data showed Jio Platforms’ ₹30,213 crore issue had drawn about ₹3.73 lakh crore of total bids by late evening on Day 2, with the retail portion oversubscribed and market commentators citing diverted cash from other listed stocks during the book build.
SEBI / market infrastructure
On 22 October 2026, the Securities and Exchange Board of India proposed letting stock exchanges and depositories fund core-market and regulator-mandated initiatives without prior approval for each ticket, while keeping board oversight and financial safeguards and inviting comments until 12 November.
E-commerce / food delivery
On 22 October 2026, reporting said Flipkart is testing an internal food delivery product called Eat-in by Minutes with more than 8,000 employees in Bengaluru, using Ekart logistics as it prepares to compete with Zomato and Swiggy in meal delivery.
Digital trust / compliance
On 22 October 2026, eMudhra Ltd said its board will voluntarily withdraw from the global SSL/TLS certificate segment after a key-security incident on eight intermediate certificates, citing compliance cost and weak economics while stressing that other digital-trust services continue.
For informational purposes only. Not investment advice. Verify with filings and a licensed adviser.