NTPC Green Energy Limited submitted its Business Responsibility and Sustainability Report (BRSR) for FY26 to the exchanges on August 5, 2026, pursuant to Regulation 34(2)(f) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The report, which forms part of the company’s Annual Report for FY26, covers consolidated operations excluding ONGC NTPC Green Private Limited (ONGPL) due to the operational control approach. TUV India Private Limited provided reasonable assurance on the nine core BRSR attributes, confirming that disclosures are prepared in all material respects in accordance with SEBI guidelines.

The filing reveals significant governance and operational metrics for the financial year ended March 31, 2026. NTPC Green Energy reported achieving an installed capacity of 10,076 MW as of March 31, 2026. The company maintained a zero-fatality record and reported no high-consequence work-related injuries or illnesses for both employees and workers. Additionally, the entity recorded zero complaints related to sexual harassment, discrimination, child labor, or forced labor during the period.

Key Financial and Operational Metrics

The report provides detailed insights into the company’s resource utilization and environmental impact. Total energy consumption stood at 8,38,772 GJ, with 6,74,102 GJ sourced from renewable sources. Water withdrawal totaled 6,50,139 Kilo-Litres, primarily from groundwater (5,26,300 Kilo-Litres) and third-party sources (84,534 Kilo-Litres). Greenhouse gas emissions were reported at 618.77 metric tonnes of CO2 equivalent for Scope 1 and 30,847.72 metric tonnes for Scope 2.

Governance and Regulatory Disclosures

Under Principle 1 of the National Guidelines on Responsible Business Conduct (NGRBC), the company disclosed a monetary penalty of ₹23,600 (including GST) imposed by the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). Management filed an appeal against this penalty, and no amount was deposited towards it as of the reporting date. The company also noted that 97.27% of employees other than the Board and Key Managerial Personnel were covered by training programs on ESG principles.

Capital expenditure for FY26 was directed entirely toward renewable energy generation assets, aligning with the company’s strategy to reduce greenhouse gas emissions. The report estimates that renewable generation avoided approximately 6.71 million tonnes of CO₂eq emissions by displacing fossil fuel-based electricity. CSR activities included spending in aspirational districts such as Jaisalmer (₹115.92 lakh) and Rajgarh (₹16.36 lakh), focusing on health infrastructure and assistive aids for persons with disabilities.

What the Numbers Show

A notable divergence exists between the company’s environmental footprint and its waste management efficiency. While total waste generated decreased significantly to 236.80 metric tonnes from 818.38 metric tonnes in FY25, the recovery rate remains low. Only 34.95 metric tonnes were recovered through recycling or reuse, while 201.85 metric tonnes were disposed of through other operations. This suggests that while absolute waste volumes are declining—likely due to optimized operations—the circularity mechanisms for end-of-life materials require further enhancement to align with the company’s broader sustainability goals.

NTPC Green Energy Limited, a subsidiary of NTPC Limited, has scheduled its 4th Annual General Meeting (AGM) on Friday, August 28, 2026 at 11:00 AM (IST) through Video Conferencing (VC) or Other Audio Visual Means (OAVM). The AGM notice, along with the Annual Report for FY 2025-26, has been dispatched electronically to shareholders as on the record date of July 24, 2026. The company also released its comprehensive Annual Report for FY 2025-26, marking its first full year as a listed entity, with strong operational and financial performance across both standalone and consolidated bases.

AGM Schedule and E-Voting Details

The following table outlines the key parameters of the 4th AGM:

The AGM will transact ordinary businesses including adoption of audited standalone and consolidated financial statements for FY 2025-26, re-appointment of Shri Jaikumar Srinivasan (Director Finance) who retires by rotation, and fixation of remuneration of statutory auditors for FY 2026-27. A special business item involves ratification of Cost Auditor remuneration of ₹1,50,000 for FY 2025-26. The AGM notice was signed by Company Secretary Deepak C S, dated August 4, 2026, from New Delhi.

FY 2025-26 Financial Performance

The company delivered robust financial results for FY 2025-26. The following tables present the key financial highlights on both standalone and consolidated bases:

Standalone Financial Results

Consolidated Financial Results

On a consolidated basis, total income grew 23.09% to ₹3,035.12 crore, driven by a 29.36% increase in revenue from operations to ₹2,858.42 crore. Profit after tax rose 9.96% to ₹521.35 crore. The company also raised ₹1,500 crore through listed non-convertible debentures on a private placement basis during the year.

Operational Highlights

FY 2025-26 was a landmark year operationally. The NGEL Group added 4,174 MW of renewable capacity, taking total operational capacity beyond 10 GW to 10,076 MW as on March 31, 2026, compared to 5,902 MW as on March 31, 2025. Renewable generation reached 14.60 billion units (BUs) on a consolidated basis, more than double the previous year's 6.90 billion units, reflecting year-on-year growth of 112%. Standalone gross generation stood at 5.62 billion units.

The company was accorded Schedule 'A' CPSE status by the Department of Public Enterprises in October 2025. As on March 31, 2026, NGEL had six subsidiaries and four joint ventures. The company is implementing its first standalone Battery Energy Storage System (BESS) project with a capacity of 80 MW/320 MWh in Kerala, and its wholly owned subsidiary NTPC Renewable Energy Limited secured a tender to supply 70,000 TPA green ammonia under the SIGHT Scheme.

Key Financial Ratios and Credit Ratings

The following table presents key consolidated financial ratios:

The company continues to hold the highest credit ratings. Non-convertible debentures and long-term loans are rated CRISIL AAA/Stable and IND AAA/Stable by CRISIL Ratings and India Ratings & Research respectively. Bank guarantees and cash credit are rated CRISIL A1+ and IND A1+.

Strategic Initiatives and Dividend

During FY 2025-26, NGEL signed multiple MoUs across data centres, green hydrogen, state governments, and international partners including ENEOS Corporation (Japan), CtrlS Datacenters, Nxtra Data Limited, Singareni Collieries Company Limited, and the Government of Uttar Pradesh. The company also incorporated two new subsidiaries — NTPC MAHAPREIT Green Energy Limited and Chhattisgarh NTPC Green Energy Limited. No dividend has been proposed for FY 2025-26, given the significant capital expenditure plans of subsidiaries and joint ventures requiring substantial equity infusion. The company's long-term aspiration remains achieving 60 GW of renewable capacity by 2032.